Some colleges were accused of violating the federal law that bars institutions from requiring student-aid forms other than the Free Application for Federal Student Aid, according to an investigation by Congressional Democrats.
111 institutions were identified that appeared to be establishing additional requirements for students to complete costly additional forms, such as College Board's CSIC/Financial Aid Profile. Of the 111 colleges identified, 58 of them explicitly stated that applicants must submit the Profile form to secure any financial aid. The other schools directed applicants to submit both the FAFSA and the Profile to obtain aid, though they did not specify what each form was used to assess.
While more than 200 institutions use the Profile to evaluate students' eligibility for institutional aid, they also asked for more detailed and complicated financial questions than does the FAFSA and students had to pay a fee to submit it. President of the National Association of Student Financial Aid Administrators, said he doubted the colleges were withholding federal aid from students who had failed to complete the Profile, but he acknowledged that some of their websites could be clearer. He also mentioned that if there was a practice where schools would not award federal aid, then the schools should be held accountable. More likely it would need to be more clear on the consumer-information piece.
For more guidance and information about the FAFSA, tuition cost, or financial aid process, contact Lee Academia financial consultants can help. Contact us now.
111 institutions were identified that appeared to be establishing additional requirements for students to complete costly additional forms, such as College Board's CSIC/Financial Aid Profile. Of the 111 colleges identified, 58 of them explicitly stated that applicants must submit the Profile form to secure any financial aid. The other schools directed applicants to submit both the FAFSA and the Profile to obtain aid, though they did not specify what each form was used to assess.
While more than 200 institutions use the Profile to evaluate students' eligibility for institutional aid, they also asked for more detailed and complicated financial questions than does the FAFSA and students had to pay a fee to submit it. President of the National Association of Student Financial Aid Administrators, said he doubted the colleges were withholding federal aid from students who had failed to complete the Profile, but he acknowledged that some of their websites could be clearer. He also mentioned that if there was a practice where schools would not award federal aid, then the schools should be held accountable. More likely it would need to be more clear on the consumer-information piece.
For more guidance and information about the FAFSA, tuition cost, or financial aid process, contact Lee Academia financial consultants can help. Contact us now.
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