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Consolidated Appropriations Act (CAA), 2021 contains provisions that expand those provided by the
Coronavirus Aid, Relief, and Economic Security (CARES Act), as well as important policy changes to higher education. One of the biggest results of the CAA includes changes to the
Free Application for Federal Student Aid (FAFSA), which is
completed by prospective and current college students each academic year to determine their financial aid eligibility. The new provisions will show up on the 2022 FAFSA and take effect for the 2023-2024 academic year, which gives the U.S. Department of Education time to implement the changes.
Below are a few highlights of the legislation and how they impact middle- and high-income families. ....

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