The FAFSA Simplification Act will make sweeping changes to an already confusing and complex financial aid process. With great change comes great opportunity. Join this session to learn what challenges the new law of the land creates for families and more importantly the planning opportunities that advisors need to know to help their clients get the most financial aid and cut the cost of college. This session will cover the key differences in the new Student Aid Index (SAI) as compared to the Expected Family Contribution. (EFC), provide an insider’s look at which colleges will be implementing the new changes and which ones will not, and five powerful planning strategies every advisor needs to be aware of as a result of the new formulas.

Learning Objectives:

1. Learn how the FAFSA Simplification Act will impact college students and their families project a family’s financial aid and out of pocket cost at individual institutions

2. Understand the key differences in the federal and institutional formulas used to determine a family’s financial aid eligibility

3. Learn income and asset strategies to maximize financial aid offers from financial aid offices across the country

https://www.napfa.org/conference-session/158/108256