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The FAFSA —the Free Application for Federal Student Aid—typically opens on October 1st. This year, however, the launch is delayed until December following a major revamp of the U.S. Federal Student Financial Aid system. Introducing the Student Aid Index (SAI) is among the most notable...

The FAFSA—the Free Application for Federal Student Aid—opens in three weeks. No one enjoys collecting all the required documents and information, which includes IRS tax returns for the previous two years; current bank statement balances; investment balances (including stocks, bonds, and trusts); K-1 documents; corporate...