College financial aid officers skeptical of reforms

Stefanie Botelho's picture
Wednesday, July 2, 2014

Federal initiatives are in the works to make attending college less of a financial burden, but financial aid administrators question whether they present a robust solution.

Speaking to the National Association of Student Financial Aid Administrators at the group’s national conference on Monday, Sen. Lamar Alexander, R-Tenn., presented six proposed additions to the 1965 National Higher Education Act for its reauthorization this year.

Chief among them is simplifying the Free Application for Federal Student Aid from 106 questions to two — the size of the applicant’s family and the applicant’s household income for the previous year. High school students would learn how much federal aid they’re eligible for in their junior year instead of their senior year.

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