02.08.08 | FAFSA and the IRS in HEA Reauthorization
One of the provisions in the Higher Education Act Reauthorization (HR 4137) currently moving through Congress would allow students, parents, and families to authorize the IRS to pre-populate the FAFSA with information from the federal tax return.
This provision would be a huge advantage to families in terms of saving time on FAFSA preparation. By porting over the data, it will also ensure greater accuracy. Let’s hope the provision remains a part of the legislation and becomes law!
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There are a lot of new costs in that legislation so its good to hear that there’s at least that consideration to saving some costs in the form of time. From having looked through the bill, I think it contains a lot of popular programs and improvements, but the cost factor could end up being a big problem.
It almost seems like the IRS / FAFSA data co-ordination is an administrative and technical issue and they could just set up the networks to communicate w/o waiting for this huge, slow bill to get through Congress.
March 3rd, 2008 | #