Word: fafsa
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...college costs on one end and a dismal economic outlook on the other. The Obama Administration is trying to lessen the pressure on aspiring students in ways both big and small. Last week, Secretary of Education Arne Duncan announced a plan to simplify the Free Application for Student Aid (FAFSA) - the form to apply for federal dollars - cutting at least 20% of the questions and making it easier to fill out online. For months now, Duncan has discussed the possibility of making Pell Grants an entitlement or guaranteed benefit like Social Security that would be protected from annual budget cuts...
...general direction of Obama’s educational policy, we were disappointed by the omission of several important reforms. To ease the burden of financing a college education, the Free Application for Federal Student Aid should be simplified. At over 100 questions long, the structure of the FAFSA is unnecessarily complicated and turns what is supposed to be a helpful tool into an exercise in frustration. Additionally, laws governing H1B visas should be revised so that all gainfully employed international students can stay and work in the United States after graduation. In today’s competitive global environment...
...release by the National Association of Student Financial Aid Administrators on Friday. The government’s direct student loan program is also up by $7 billion this academic year, according to NAFSAA. The increase in applications for financial aid at Harvard maps with the national increase in FAFSA applications. This year, the number of financial aid applicants increased from 73 to 78 percent of the undergraduate population, according to Dean of Admission and Financial Aid William R. Fitzsimmons ’67. But Harvard remains able to meet the full financial need of its students, which will total...
While the recent economic downturn has left more families than ever before in need of financial aid, the difficulty of the paperwork that financial-aid applications require has reached an unnecessary high. In times like these, it is disheartening that the current Free Application for Federal Student Aid (FAFSA) form poses a major barrier to many potential applicants who need financial aid the most. With more than 100 questions, the current form—which, ironically enough, was created in the early 1990s in an effort to streamline the financial-aid process—seems excessive and inefficiently constructed...
...quite so detrimental to Harvard—an institution that can afford to replace loans with grants. But they can be disastrous for institutions that lack Harvard’s generous endowment. Professor of Eonomics Terry B. Long, who has been working with H&R Block on the FAFSA Simplification Study, says, “High levels of debt are deterring people from going to college at all.” She adds that people in the United States find it difficult to distinguish between good and bad types of debt. Some underestimate the benefits of a college education...