07/10/2014 10:42 am ET Updated Jul 10, 2014

Why We Should Cut The Federal Financial Aid Form From 130 Questions To 2

Last month, Senators Lamar Alexander (R-TN) and Michael Bennet (D-CO) announced a draft bill to simplify the process for students seeking federal financial aid.

Their Financial Aid Simplification and Transparency (FAST) Act would most notably kill the 130-question, 10-page Free Application for Federal Student Aid (FAFSA), which determines how much federal aid families will pocket.

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