Financial Aid Trends 2026

The FAFSA becomes available on October 1st every year. Families with small farms or small businesses can exclude these assets which will reduce a family’s Student Aid Index (SAI) hopefully leading to greater financial aid.

The maximum Pell Grant is now $7,395 with eligibility requirements adjusted. If a family’s SAI is 0, they qualify for the full grant, while families with an SAI above 0 will qualify for a partial grant, based on the SAI.

Updated documentation will be in force so that families will report income and assets more accurately. Special circumstances including job loss or excessive medical expenses can be reported and will be considered which could improve need-based financial aid for students.

It is extremely important for students and families continue to be informed to maximize financial aid opportunities.