Congress made significant revisions in the methods used to evaluate families' income and college expenses to decide how much aid students should receive. Administrators say that needy students will receive less aid next year, although some students who do not need more aid will be eligible for it. (MLW)

This report outlines the progress and the plans of the Advisory Committee on Student Financial Assistance, a group created by the 1986 amendments to the Higher Education Act to strengthen the federal student aid programs to ensure equal opportunity through access to postsecondary education. The report begins with descriptions of the Title IV…