This guidance is specific to the 2024-25 award year and later.
No. The rules for constructing and applying the cost of attendance (COA) have not changed. According to U.S. Department of Education's (ED's) FAFSA Simplification Questions and Answers:
"OFA-Q6: Since there is no alternate SAI calculation for periods other than nine months, does that mean the COA in the need calculation will always be nine months?
OFA-A6: No. The change in the law that limits a school’s ability to use alternate SAIs for periods other than nine months did not change or alter COA protocols or requirements. Pell COA will still use full-time, full academic year costs for all required components and the COA for all other Title IV programs will still be based on costs and components associated with the student’s actual period of enrollment."
[SAI means student aid index; formerly expected family contribution (EFC)]
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.
Join NASFAA and receive full member access to the AskRegs Knowledgebase and question services.Learn More