Report Calls For Sweeping Overhaul of Federal Student Aid System

A group of college financial aid policy experts is calling for a sweeping overhaul of the federal student aid system, including eliminating the federal application for financial aid and helping low-income parents save for their children's education at an early age. In a report released today, the group also recommends expanding and strengthening a federal student loan repayment plan that is based on the student's income after graduation, and rewarding colleges and states that help students succeed once they enroll. The report primarily focuses on helping students from low- and moderate-income families who likely could not afford to attend college without some assistance. Read more at:
http://www.usatoday.com/news/education/2008-09-18-aid-overhaul_N.htm