Federal Student Aid: Highlights of a Study Group on Simplifying the Free Application for Federal Student AidThere is concern about the length and complexity of the Free Application for Fed. Student Aid (FAFSA) and the statutory need analysis formula used to determine aid eligibility. A study group examined options and implications in simplifying the financial aid process. It focused on: (1) identifying ways to shorten the FAFSA and make it less burdensome to complete; (2) identifying changes to the statutory need analysis formula that would reduce the amount of financial info. required by the FAFSA without causing redist. of fed. and state student aid; and (3) determining how any changes to the FAFSA and the statutory need analysis formula could be implemented. This summary captures the ideas and themes that emerged at the panel and during interviews. |
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