Published Mar 31, 2009
The Free Application for Federal Student Aid needs to be updated because it is no longer an effective way to assess financial need and distribute monetary aid, the university's chief financial aid officer said.
Michael Scott, director of financial aid, said the FAFSA does provide good information to universities about identifying needy families, but it does not accurately predict how much a family can realistically contribute toward tuition.
"What it's doing is not necessarily assessing financial need, but the FAFSA is assessing ability to pay," Scott said.