What Does Prior-Prior Year (PPY) Mean?
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|Prior Year (PY)||Prior-Prior Year (PPY)|
|• Available spring semester; January
||• Available fall semester; October
|• Only allows taxes from previous year
||• Allows taxes from two years ago
|• File FAFSA & must make corrections to data once taxes are filed
||• Taxes already filed & data is correct from previous year
|• Incorrectly aligned with college application calendar
||• Better aligned with college application calendar
|• Makes it difficult to meet priority filing deadlines, which must be met to qualify for some forms of financial aid
||• Removes conflicts with priority filing deadlines, which must be met to qualify for some forms of financial aid
|• Financial aid information available nearing college decision deadline dates
||• Financial aid information available further in advance of college decision deadlines
|• Forced more stressful and less-informed college & financial aid decisions||• Allows for more at-ease, informed college & financial aid decisions|
If curious, you can learn more about the details of the new FAFSA changes on the FederalStudentAid website. As always, we’ll keep you up-to-date on everything FAFSA on Fastweb, too!