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🗓️ 4 December 2023
⏱️ 7 minutes
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0:00.0 | Here's your money briefing from Monday, December 4th. I'm J. R. Whelan for the Wall Street Journal. |
0:10.0 | For many college students and their families, financial aid can be the key to a higher education. |
0:15.0 | But this year they'll face a new set of challenges, a revamped application form, |
0:20.0 | and a new timeline for learning how much aid they've received. |
0:23.7 | Families may not find out about their awards until March or later, |
0:28.0 | because most schools aren't going to get this information until later in January, and then they have to run it through their own systems. |
0:35.0 | Our personal finance reporter, O'ian Eddodoyan will help us navigate the new financial aid application |
0:40.0 | process after the break. Hi, I'm Andy Surr where Barron's Editor at Large. |
0:56.0 | On my new podcast at Barron's, I'm bringing you inside the C suite for insights from today's top leaders in business, technology, finance, entertainment, |
1:05.6 | and economics. |
1:07.2 | Our guests will offer their unique insight into their companies and industries and the challenges |
1:12.2 | and experience that made them the leaders |
1:14.7 | they are today. |
1:16.5 | Listen to new episodes of AtBarrans every Thursday. |
1:19.7 | Subscribe wherever you listen to podcasts. Families will be able to apply for college financial aid starting on December 31st when the free application for federal |
1:34.7 | student aid or FAFSA becomes available. Wall Street Journal Personal |
1:38.8 | Finance reporter Oian Addadoyan joins me. So Olean we're hearing that this year's FAFSA will be |
1:43.7 | simplified. What will be simpler? The Education Department has trimmed down this |
1:48.0 | form by more than 50%. So where it used to be a hundred questions it's now gone down to about 36 or even |
1:56.2 | less for some families. Oh that could be a time saver for sure they've also |
1:59.8 | made it a lot easier to connect your IRS tax forms to the application. That way |
2:06.4 | that information from the IRS could fill in a lot of those blanks. |
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