Higher-education experts say the Obama administration has proposed the broadest overhaul of federal college aid programs in decades. But for all the focus on the size of the budget, it has been hard to tell just what this means for students and their families. A detail article by The New York Times:
http://www.nytimes.com/2009/03/11/your-money/student-loans/loanprimer.html
Between the recession and the rising cost of college, more families than ever are filing the FAFSA (Free Application for Federal Student Aid) this year, their first step toward Pell grants, Stafford loans, Perkins loans, work-study programs and much state aid. As of Feb. 15, the Department of Education had already received 2,213,408 forms, 20 [...]
Your late start means you’ve missed most of the best opportunities to grow the money you have for college savings plan. With only few years until your child starts college, you’ll need to refine the college selection process, accumulate enough of a down payment for the early college bills, and establish a college savings plan [...]
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