This guidance is specific to the 2023-24 award year and later.
NASFAA has asked the U.S. Department of Education (ED), and they stated that an updated version of the College Financing Plan should be available this summer 2023. In the meantime, schools should use it as is.
Note: The FAFSA Simplification Act requirement that institutions must make publicly available on their website a list of their COA elements and on any webpage discussing tuition and fees does not apply to the College Financing Plan. See COA-Q8 in Dear Colleague Letter GEN-22-15, as well as AskRegs Knowledgebase Q&A, Does a School Have To Publish Its Cost Of Attendance On Its Website?
AskRegs Q&As represent NASFAA's understanding of regulatory and compliance issues. They are FOR INTERNAL USE ONLY. While NASFAA believes AskRegs Q&As are accurate and factual, they have not been reviewed or approved by the U.S. Department of Education (ED). If you should need written confirmation of AskRegs information for audit or program review purposes, please contact your ED School Participation Division. NASFAA shall not be liable for technical or editorial errors or omissions contained herein; nor for incidental or consequential damages resulting from the furnishing, performance, or use of this material.
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