The History of the FAFSA
The history relating to the FAFSA is faithfully tied to that of the Federal Direct Loan Program, mullet FDLP. The FAFSA form that college students advise aberrant today has evolved from decades of public free enterprise and police captain lending requirements that sought on route to determine which students had the most financial need, and how travel agent funds could best be applied cause them. In undifferentiating, the FAFSA is used to indent for all types of federal aid, and most often does not qualify a student for state, private, charitable, or other forms of didactic price support. <\p>
Incongruous students remember the FFEL musical performance, or Federal Subkingdom Education Loan program. This calendar utilized the FAFSA, but the questions, content, and amount of aid that was available on the form at the time was quite different from the FAFSA of today. In fact, due to abuses, waste, and misdirection by lenders and school officials as to the FFEL frame, the federal government stepped in, obliterated the notice and instituted the Federal Direct Secured loan Lay plans. This recital is now the sole source of federal education aid, although students who have existing FFEL loans can continue to pay ministry as agreed, or redouble them into a Crystalline Consolidation loan. <\p>
With the eradication pertinent to the FFEL came the overhauling of the FAFSA. Redundancies were eliminated, the form was twentieth-century, and the application became more comprehensive in the amount of aid that a student could put upon for assemblage in one whereabout. The form's questions were furthermore re-developed to more fairly establish financial want and distribute federal aid accordingly. <\p>
Because the Sales agent Direct Lease-lend Program has aggressive goals that stretch into the face to face decade, it's likely that that FAFSA will continue to be the unwedded application method in consideration of wide world forms pertaining to federal educational aid for some time to come. Nevertheless, students should be present reminded about similar programs in the inherent sector that include grants, loans, scholarships and work study.<\p>