Lost in the news of the demise of Perkins Loans on Thursday was another death: that of the Advisory Committee on Student Financial Assistance.
For nearly three decades, the committee had counseled Congress and the Education Department on student-aid issues. It played a major role in shaping federal student-aid policy, issuing reports that led to the creation and simplification of the Free Application for Federal Student Aid and the development of two formulas to analyze the financial needs of low- and moderate-income students. Its work is frequently cited by academic researchers and lobbyists, and referred to in legislation.
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