White House tweaks federal financial aid rules

The Hill reports:

The Obama administration on Monday announced a tweak to the federal financial aid program that one official said would help “literally hundreds of thousands” of students each year.

Obama and Education Secretary Arne Duncan will formally announce the change at a town hall meeting in Iowa, where they will meet with high school juniors and seniors. The announcement is part of a weeklong effort highlighting Obama’s work on higher education.

Starting next year, college applicants and their families will have more time to complete the financial aid form known as the FAFSA, or Free Application for Federal Student Aid. Duncan said the move would help enroll more low-income students, who were previously deterred by the burdensome process, at schools nationwide.

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