'It really is unfair': Change to student aid formula would hit Iowa farm families
A change in the federal student aid formula could mean lower levels of financial aid for children whose parents run family farms or small businesses. Currently, a family with an adjusted gross income of $60,000 and a farm worth $1 million would be expected to contribute $7,626 annually for college. Under the new formula, that same family would be expected to contribute $41,056.
Winneshiek County United States Iowa State University Iowa Central Community College University Of Iowa Chuck Grassley
Source: thegazette.com