FAFSA's future uncertain if Education Department closes
The future of the Free Application for Federal Student Aid (FAFSA) is uncertain as the Department of Education faces potential closure. Despite staff cuts and website issues, experts believe the FAFSA will likely continue, possibly under another federal agency. If the Department of Education is abolished, agencies like the Treasury Department or the IRS may take over FAFSA processing. This transition could lead to initial disruptions, but experts expect minimal changes for borrowers. Students needing financial aid should still submit the FAFSA. The form is essential for determining eligibility for various aid programs. However, applicants with undocumented family members may have concerns about privacy and information sharing.