The Obama administration is moving to simplify the Free Application for Federal Student Aid, or Fafsa, a notoriously complicated form that asks students seeking financial aid for college as many as 153 questions…
Education Secretary Arne Duncan is announcing plans today to simplify the application process for federal student aid, including a feature that lets some users skip irrelevant questions and a proposal to eliminate other questions. It also would allow families to use tax-related information they already provide to the IRS…One goal is to ease the burden on the 16 million students and families a year who gather up bank statements, investment information and other documentation needed to fill out the Free Application for Federal Student Aid, or FAFSA. It asks as many as 153 questions, depending on a student's circumstance. Another is to encourage more low- and middle-income students to apply for aid…
…Her less-than-anticipated income means that it is difficult for her to make her student loan payments for the nearly $80,000 in debt she accumulated getting through college. Morgan is looking at a new law that goes into effect July 1 that would help her cap her student loans at 15 percent of her adjusted gross income. Then, if she completes 10 years of public service, her loans would be dropped completely...The College Cost Reduction and Access Act that created the new Income-Based Repayment program was signed into law in 2007 to help make student loan payments more manageable…
As consensus has built around the need to simplify the federal financial aid form (and the recognition that that is just part of the answer to really simplifying the financial aid process), proposals for doing so have ranged widely, from shrinking the Free Application for Federal Financial Aid significantly to eliminating it outright. Simplifying the aid process has been a central plank of President Obama’s aggressive agenda to increase college going and completion, and on Wednesday, Education Secretary Arne Duncan will lay out the administration's plan for doing so in his first appearance before the White House press corps…
Education Secretary Arne Duncan is expected to announce a plan today to make it easier for students and their families to apply for federal financial aid. Simplifying the Free Application for Federal Student Aid, or Fafsa, the form the government uses to assess student need, is a goal President Obama repeatedly pitched as a candidate on the campaign trail... (paid subscription required)
University of Minnesota regents are set to vote on a proposed budget today that increases in-state tuition for undergraduates about 3 percent. The budget also eliminates over 1,200 jobs, mostly through early retirements and leaving open positions empty. The budget also calls for a 7.5 percent tuition increase for most graduate students. University President Robert Bruininks said 60 percent of students who pay in-state tuition rates actually will see their bills go down next year because of federal stimulus money and other aid...
…But the Obama administration has no plans to renew the Bush-era competitiveness grants and their companion, the National Smart Grants, beyond their 2011 expiration date, meaning a likely end for America's short-lived experiment with merit-based federal financial aid. Instead, the administration will focus its resources on the popular Pell Grant program, which is strictly need-based… (paid subscription required)
If America is to reach President Obama's goal of having the world's highest proportion of college graduates by 2020, a $2.5-billion grant program he has proposed should focus on vastly expanding degree-attainment rates in the nation's largest states, says a report by the National Center for Higher Education Management Systems… (paid subscription required)