Federal Student Aid Need Analysis System: Background, Description, and Legislative Action (CRS Report for Congress)
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| Release Date |
Revised Jan. 31, 2008 |
| Report Number |
RL33266 |
| Report Type |
Report |
| Authors |
Charmaine Mercer, Domestic Social Policy Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
A federal need analysis system underlies the annual allocation of billions
of dollars (more than $73 billion in FY2005) in student financial aid supported by
Title IV of the Higher Education Act (HEA) (P.L. 89-329, as amended). The system
has regularly been characterized by many as too complex, creating a barrier for
students seeking financial assistance, especially low-income students. This report provides an overview of the federal need analysis system, including a discussion of recent legislative changes and proposals.
