Did you know that the current Free Application for Federal Student Aid (FAFSA) form has more than 100 questions for college students to answer? If it sounds like a lot, it is. But all that could change because of a “simplified FAFSA” proposed in President Barack Obama’s 2016 Department of Education budget.
In these days of modern technology, you can now pull a significant portion of the information you would have (manually) gathered from your tax returns online.
In addition, the proposal plans to simplify the eligibility formula, eliminating the need to include information on savings and investments that aren’t included with income tax information. Because of these factors, the number of FAFSA questions would be reduced in size by about a third.
A simplified FAFSA process means fewer barriers for students to overcome, which makes higher education more accessible for all. But don’t rely on federal aid alone to pay for your college education. Students can look into other forms of financial aid, such as scholarships. Is that more up your alley? Download our Quick Guides on financial aid to learn more about how to get help paying for college: