The streamlined FAFSA form that launched for the 2026-2027 academic year has already resulted in 1.4 million additional applications compared to the same period last year. The Department of Education estimates this surge will unlock approximately $1.7 billion in previously unclaimed Pell Grant funds.
The simplified form reduces questions from 108 to 36 and pulls tax data directly from the IRS, eliminating a major barrier for low-income families. First-generation college students saw the largest increase in completion rates, jumping 34% year-over-year.
