The government revised FAFSA forms to make them less cumbersome. But the rollout of this new form at the start of 2024 was less than ideal.
There have been a lot of mishaps happening in the student loan arena, so we called up CBS Business Analyst Jill Schlesinger to help clarify how families can navigate the complicated system. The federal government just revised the Free Application for Federal Student Aid — or FAFSA — forms to make them less cumbersome.
This opens up the opportunity for a larger conversation, according to Schlesinger, that should start freshman year of high school but may still be valid at any point: Is your degree worth the loan? So, I think people need to have very frank conversations. This has to be a conversation where we are talking to one another about what this family as a total family can afford? What will that do to whoever is paying these loans back? How will we balance the need for us to plan for our retirement and send you to college, all these things are really important,” she continued.
You can hear the entire conversation with CBS Business Analyst Jill Schlesinger on the April 19 Seattle’s Morning News podcast, where Colleen O’Brien and Travis Mayfield ask her about President Joe Biden’s continued efforts to eliminate or reduce student loan debt.
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