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Obama’s New Federal Financial Aid Rules Allow Earlier Applications

President Barack Obama is announcing some changes to the notoriously difficultprocess students and families must go through in applying for federal financial aid, using the Free Application for Federal Student Aid, or FAFSA. 

The changes—which Obama is to roll out Monday in Des Moines, Iowa—are aimed at giving students information about how much aid they qualify for earlier on in the college-application process, and encouraging more low-income students to go after federal grants and loans.  The FAFSA website now includes an outline of the new rules, and the White House posted a run-down of the changes on its website.