Going to college may become a lot easier in Tennessee after the U.S. Senate passed an amendment changing how people apply for federal aid.
“We cut out the requirement to give the federal government your tax information twice, that eliminates up to 22 questions,” said Republican Senator Lamar Alexander. “It makes it much easier for families to fill out the form and go to college.”
Alexander stated the current FAFSA forms discourages a lot of Tennesseans from taking advantage of the Tennessee Promise, a free two years of college.
In addition to changes to the FAFSA, the Fostering Undergraduate Talent by Unlocking Resources for Education Act, or FUTURE Act, will also dedicate an annual $225 million to Historically Black Colleges and Universities across the state of Tennessee.
“These resources make a huge difference,” said President of LeMoyne-Owen College Carol Johnson.
The bill would eliminate paperwork for the 7.7 million federal student loan borrowers currently on income-driven repayment plans and save an estimated $2.8 billion in cost savings over 10 years to simplify the FAFSA Application.
The $225 million for HBCUs would come from cost savings.
“To put more money into HBCUs would be good and will bring more people into the community,” said LeMoyne-Owen student Austin Simpson.
Johnson said if the amendment is enacted there would be a lot more in store for students at HBCUs.
“We are hoping that as it goes back to the house that it would pass very quickly, and we can move forward in our planning,” he said.
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