Financial aid rules influence household portfolio decisions

The U.S. House of Representatives recently passed the Student Aid Financial Responsibility Act to address problems with the current financial aid system. The act calls for several changes to simplify the Federal Application for Student Financial Aid- FAFSA. In a new study, a University of Missouri researcher found flaws in the FAFSA's method for assessing net worth that can create inequalities in the distribution of financial aid.

Read the whole article on Physorg

More from Physorg