Getting Student Financial Aid May Become Way Easier With New FAFSA App

"Just like Uncle Sam, Education Secretary Betsy DeVos wants you...to be able to apply for financial aid on your phone. DeVos said Tuesday that the government plans to launch an app for the Free Application for Federal Student Aid, or FAFSA, which some 20 million people fill out every year in hopes of getting grants, loans and other money for college or career training. It's all part of a plan to make the FAFSA much simpler to submit," Newsweek reports.

"... DeVos promised that the Education Department's Federal Student Aid office would give more details about the app on Wednesday. But in the meantime, she used her speech to ding the Obama administration, which she alleged became too involved in the student loan marketplace and made it too complicated as a result.

... Her remarks fell in line with an ongoing push by Senator Lamar Alexander, a Tennessee Republican who was education secretary in the '90s, to cut unnecessary questions from the FAFSA. Alexander has suggested reducing the FAFSA to the size of a postcard—a proposal some student aid administrators have argued could oversimplify the process.

... The National Association of Student Financial Aid Administrators reported the average amount of time people take to finish the FAFSA is down to 31 minutes, but tons of cash is still going unclaimed. NerdWallet estimated last month that members of the class of 2017 missed out on roughly $2.3 billion in federal grant money by not finishing their FAFSAs. More than a third of all 2017 high school graduates didn't submit applications."

NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 11/30/2017

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