S. 108 - Financial Aid Simplification and Transparency Act of 2015 (FAST Act)
Sponsor: Lamar Alexander [R-TN]
Introduced: Jan 7, 2015
This Senate bill first aims to simplify the Free Application for Federal Student Aid by cutting the 10-page form to a postcard with 2 questions: ‘What is your family size?’ and ‘What was your household income 2 years ago’. It would also create a look-up table to allow students in their junior year of high school to see how much in federal aid they are eligible for as they start their college selection process.
For more information, click hereReturn to 529 News centerIntroduced: Jan 7, 2015
This Senate bill first aims to simplify the Free Application for Federal Student Aid by cutting the 10-page form to a postcard with 2 questions: ‘What is your family size?’ and ‘What was your household income 2 years ago’. It would also create a look-up table to allow students in their junior year of high school to see how much in federal aid they are eligible for as they start their college selection process.