Absolutely. As a Financial Aid administrator I can attest to the anxiety that students and parents have in filing the FAFSA each year. Using the Data Retrieval Tool has helped many with transferring the financial data, but that is only part of the equation. We see many families that have to wait up to two months to receive a simple non-filing letter from the IRS for the verification process.
This doesn’t even address what the new tax codes are going to do for aid eligibility for the 2020-2021 year and going forward. Families will be faced with the fact that while their incomes may not change much, they will may have less financial aid eligibility because their tax burden is going to be reduced, especially for those independent contractors (Schedule C filers). In some cases they may be eligible for federal/institutional need based aid for 2019-2020 and the change in the tax codes will dramatically change their “Expected Family Contribution” enough that they will not be eligible for it the following year. Families will feel the schools are doing a bait and switch when in fact they will have no control how the changes in the tax codes will impact the FAFSA.
Saying that education should be more affordable for all in an understatement.