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Advisory Committee on Student Financial Assistance

By Cotton, Clare M.

Excerpt
Excerpt: Dear Chairman Gregg; The Advisory Committee on Student Financial Assistance (Advisory Committee) is pleased to submit its interim legislative recommendations for the Special Study of Simplification of Need Analysis and Application for Title IV Aid (Simplification Study). Created by the 1986 amendments to the Higher Education Act (HEA), the Advisory Committee is an independent source of advice and counsel to Congress and the Secretary of Education on student financial aid policy. The Advisory Committee?s most important legislative charge is to make recommendations that maintain and enhance access and persistence for low- and moderate-income students in postsecondary education. In the FY2004 Consolidated Appropriations Act, signed into law on January 23, 2004, Congress charged the Advisory Committee to conduct the Simplification Study in order to identify ways to streamline the financial aid system to make it easier, more responsive, and fairer for students and families. Congress also called for us to examine ways to reduce significantly the student work penalty in the current calculation of the Expected Family Contribution (EFC) and to eliminate the unfairness resulting from the manner in which the current allowance for state and local taxes is updated. In carrying out the study, Congress directed us to focus on the needs of low- and moderate-income students and to identify and assess any potential adverse effects of proposed changes on program costs, integrity, delivery, or distribution of awards. In authorizing the Simplification

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Book Id: WPLBN0000712877
Format Type: PDF eBook
File Size: 60.28 KB.
Reproduction Date: 2003
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Title: Advisory Committee on Student Financial Assistance  
Author: Cotton, Clare M.
Volume:
Language: English
Subject: Government publications, Department of Education pub, Education.
Collection: Educational Resource Collection
Subcollection:
Historic
Publication Date:
Publisher: U.S. Department of Education

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