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What's the Future of FAFSA and Financial Aid if the Department of Education Closes?

President Trump wants to shift federal student aid to the Small Business Administration, but experts say it's not that simple.
The article from CNET discusses the potential implications for the Free Application for Federal Student Aid (FAFSA) and financial aid if the U.S. Department of Education were to close. It outlines that while the Department of Education oversees federal student aid programs, its closure would not necessarily mean the end of financial aid. Instead, responsibilities could be shifted to other federal agencies or privatized. The article explains that FAFSA might still be managed by another entity, ensuring continuity in processing student aid applications. It also mentions that existing laws like the Higher Education Act would still mandate federal student aid, suggesting that even without the Department, mechanisms would likely be in place to continue funding education. However, there could be disruptions, changes in policy, or shifts in how aid is administered, potentially affecting students' ability to access and receive financial aid. The piece emphasizes the resilience of the financial aid system but acknowledges the uncertainty and potential for significant changes in its administration.

Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/loans/whats-the-future-of-fafsa-and-financial-aid-if-the-department-of-education-closes/ ]