Friday, February 27, 2009

The Financial Aid Form

Between the recession and the rising cost of college, more families than ever are paying for professional help with the Free Application for Federal Student Aid (Fafsa).

Although the time it takes to fill out the form has decreased, the many questions are scaring off families most in need, preventing some teenagers from going to college. Various people, however, have decided that the help was worth the cost.

Critics say that the form does a poor job of assessing financial worth because it excludes assets and does not factor in all issues. As a result, President Obama promised to eliminate Fafsa. But the future is not clear on how the situation will be resolved.

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