The House on Wednesday approved far-reaching changes in student aid programs, voting to slash $19 billion in federal subsidies to student lenders over five years, while increasing grants for needy students and halving interest rates on federally backed loans with the savings.
The bill passed 273-149, in a sometimes-raucous debate, with 47 Republicans joining Democrats, who [...]

Students who will be attending college in 2007-08 should start filling out the federal government’s financial aid form — even if they filled it out last year and were denied assistance.
Congress made several changes in the federal financial aid formula that could make some families eligible for more, especially those who own a small business [...]

College financial aid packages can include a combination of low-interest loans, federal work study and grants or scholarships that need not be repaid. The more desirable your child is to the college, the larger percentage of grants and scholarships he or she will receive.
So how do you position yourself to score the most aid dollars [...]