Nebraska Lawmakers, Higher Ed Leaders Ask Congress to Reconsider FAFSA Changes

A change to how family farms and small businesses are considered in the federal student aid formula has raised concerns among state lawmakers and higher education leaders that Nebraska students could lose out on financial assistance for xcollege. The Free Application for Federal Student Aid — better known as FAFSA — currently exempts the net worth of those assets as part of a needs analysis formula to determine how much financial assistance students qualify to receive. But an overhaul to the program passed by Congress and signed by former President Donald Trump in December 2020 would remove that exemption beginning in the 2024-25 school year.