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Dianne Williams Wildt, MBA

Certified Retirement Counselor®

Since 1983 in the financial services and investment industry


Retirement Pathways, Inc.

4500 Bowling Blvd., Suite 100

Louisville, KY 40207


Phone:  502-797-1258


Email: dianne@retirementpathways.com

Website: www.retirementpathways.com

September/October 2023

FAFSA Makeover

Novosibirsk,Russia - January,30 - 2021: topview photo of FAFSA - free application for federal student aid

The FAFSA (Free Application for Federal Student Aid) that students and parents complete to apply for financial aid is becoming shorter and easier to navigate, thanks to the FAFSA Simplification Act. Scheduled to begin with the 2024-25 award year, the revisions to the form are designed to streamline the application process. Here are some highlights. The Act:

  • Changes the methodology for determining aid. The Expected Family Contribution (EFC) is replaced by the Student Aid Index (SAI);

  • Expands access to Federal Pell Grants and Federal Direct Loans, so more students will qualify;

  • Includes a new interface to directly receive tax information from the IRS;

  • Eliminates the reporting of financial contributions from others (grandparents, etc.);

  • Increases the amount of income excluded from the financial aid eligibility formula;

  • Eliminates the discount for having multiple children in college, effectively reducing financial eligibility for those families.

Additional information is available at studentaid.gov


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Investment advisory services offered through American Capital Management, Inc., a State Registered Investment Advisor. Retirement Pathways, Inc. is independent of American Capital Management, Inc.
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