Special News: Prior-Prior Year FAFSA
There’s a new acronym in the admission-sphere, and it’s not a new Michael Jackson song...
PPY is financial aid’s P.Y.T.
The U.S. Department of Education has introduced Prior-Prior Year (PPY) filing of the Free Application for Federal Student Aid (FAFSA) to students’ and families’ financial aid application process. Back in the day, students filled out the FAFSA using their parents’ tax information from the previous year (example: a senior applying for Fall 2016 would use 2015 tax data for the FAFSA). But with PPY, students can use their parents’ tax information from two years prior (example, this year’s seniors applying for Fall 2017 will file the FAFSA with 2015 tax information).