June 24, 2009

Finally – a simpler FAFSA

Posted in FAFSA, Legislation Affecting Students, Saving for College, Student Loan News, The Financial Aid Process tagged , , , at 6:17 AM by Joe From Boston


Education Secretary Arne Duncan is expected to unveil a new, simpler FAFSA form at today’s daily White House press briefing.  This is great news for frustrated parents and students everywhere.

We don’t have too many details yet beyond the following:

  • Online form will shrink from 30 screens to 10
  • Obscure questions that target a tiny fraction of students have been dropped, such as the question about “special combat pay”
  • Questions re-phrased to sound less encyclopedic.  CNN cites the following example:
    “At any time… did your high school or school district homeless liaison determine that you were an unaccompanied youth who was homeless?” will now be, “Are you homeless?”

Click here to read CNN’s article.  I’ll update as more news arrives.

June 8, 2009

Why go to college? Less Unemployment!

Posted in Misc at 2:10 PM by Joe From Boston


I hear a lot of horror stories from people who can’t pay back their loans, but for most people college is a really good investment.  Lest you still not be sure, take a look at ehse figures from the Wall Street Journal:

“The unemployment rate for workers over 25 years old who haven’t gone beyond high school rose to 10% in May, nearly doubling from 5.2% a year earlier, the government said Friday. Among workers who haven’t completed high school, the unemployment rate rose to 15.5%, compared with 8.4% last year.

By contrast, the jobless rate among those with four-year college degrees was 4.8%, up considerably from 2.3% a year ago, but well below the rate for people with less education.”