College Loan Applications To Get A Lot Simpler

Courtesy Donklephant  Tue, 06/23/2009 - 11:22pm

First, the numbers…

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Last year, after the recession had begun, the number of applications rose by 12 percent to more than 16 million, according to the Education Department.

Detailed estimates are not yet available for last year, but of all full-time college undergraduates in 2007, 58 percent applied for aid, and 47 percent received it.

Still, many who are eligible do not apply. The American Council on Education, in a 2004 report, estimated...


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