Gates Foundation seeks to ease federal financial aid process

AP News
Posted: Jul 08, 2015 3:29 PM

SEATTLE (AP) — The Bill & Melinda Gates Foundation says simplifying the form college students fill out to qualify for financial aid could open a lot of doors, especially for low-income students.

The Seattle-based foundation says its research has found another 2 million young people could get the financial aid they need to go to college if the federal government made it easier to fill out the form known as the Free Application for Federal Student Aid or FAFSA.

Every student must complete the FAFSA in order to qualify for a federal grant, subsidized student loan or nearly any other form of college financial aid.

But the Gates Foundation says the complexity of the form prevents millions from completing the process. It proposes eliminating more complex questions, and two other changes.