Part Two: Where the FAFSA needs Improvement
Yesterday I suggested that the FAFSA has too few questions and does not collect enough information to allow colleges to allocate federal financial aid funds to the students who most need them. Many colleges use the College Scholarship Service (CSS) Profile application to collect more information than the FAFSA collects, and these colleges took some heat recently when critics suggested this form is a barrier to access to higher education for low income students. I’d love the FAFSA to ask enough questions that schools would feel it was completely sufficient for allocation of their own funds. Let’s look at a couple of deficiencies in the FAFSA that lead colleges to use a separate application for institutional funds.