Federal Student Aid Need Analysis Updates for 2027-28
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This notice updates the financial tables used to calculate a student's Student Aid Index for the 2027-28 federal student aid year. These tables help determine eligibility and award amounts for Pell Grants, Federal Work-Study, Supplemental Educational Opportunity Grants, Direct Loans, and TEACH Grants. The changes mainly adjust income, asset, and expense allowances for inflation. Students, families, colleges, and financial aid administrators should use the updated figures when planning or processing 2027-28 aid applications.
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Key Changes
- Updates the income protection allowance used in federal student aid calculations
- Adjusts business, farm, and asset protection values for inflation
- Updates assessment schedules, rates, and employment expense allowances for the 2027-28 award year
Obligations
What this law requires
Financial aid administrators and institutions processing 2027-28 federal student aid applications must use the updated 2027-28 Federal Need Analysis tables when determining a student's Student Aid Index and eligibility for Title IV aid programs.