Inflation Rate For 2024-25 Fafsa. The fafsa simplification act of 2020 required that ed annually update the income protection allowance (ipa) amounts to account for inflation and other economic. Department of education punts on inflation adjustments.
Student loan rates will continue to rise as long as the federal reserve is raising rates to combat inflation. The education department will update income guidelines used to calculate eligibility for college financial aid, reversing a decision that would led to some receiving less.