financial aid

Look closely.

Buried deep in President Obama's 2016 budget (Page 41) is a proposal to cut up to 30 questions from the Free Application for Federal Student Aid, or FAFSA.

The Obama administration has already done a lot to make the FAFSA easier — if not shorter. Online technology now allows students to skip questions that don't apply to them.

Driven by higher tuition fees and tighter state funds, America's public colleges now get more money from their students than from all state sources. That's according to a report by the Government Accountability Office, which says tuition revenue reached 25 percent of the colleges' total in 2012.

The numbers are stark, with the GAO saying that from fiscal years 2003-2012, "state funding decreased by 12 percent overall while median tuition rose 55 percent across all public colleges."

Woodmen of the World’s Angela Hatton brings news of a new non-profit, direct-giving website called “Red Basket – Tiny Deeds. Tremendous Good” that connects people in need of financial assistance with those willing to help. She speaks with Kate Lochte about this new initiative, why Woodmen of the World started the program and how one can participate. Click here for more about Red Basket.

Officials with the agency overseeing Kentucky’s college financial aid expect to figure out how many students will be receiving benefits in the next week. The state doles out nearly $100 million in financial aid annually, but that money is on a first come first served basis.

More than 80,000 students in Kentucky who are eligible for state financial aid will not receive it. Officials say that number has both positive and negative meanings.

Murray State to Review U.S. Education Secretary Recommendation

Jul 24, 2012

U.S. Education Secretary Arne Duncan is urging colleges and universities to adopt an easy-to-understand financial aid form to help students.