Student Loan Application Process
Prospective students use the Free Application for Federal Student Aid (FAFSA) to apply for Federal student financial aid, as well as for aid from State governments and most colleges and universities. According to a 2015 report from the college financing website Edvisors, however, an estimated 2 million low-income students would have qualified for a Federal Pell grant, but failed to correctly fill out or complete the FAFSA — a lengthy form with more than 100 questions. Congress has taken note, and both Republicans and Democrats have introduced legislation to simplify the process and the application. Senate Health, Education, Labor, and…
