"Starting college always comes with new challenges, but this year, students are up against a unique set of hurdles. From fully remote classes to strict social distancing rules to reduce the chances of a COVID-19 outbreak on campus, this fall semester will be anything but ordinary. And for many students, one of the biggest difficulties this year will be figuring out how to foot their college bills," Money reports. 

"Several recent surveys have highlighted families’ financial concerns. In one, six out of 10 families reported a negative impact on their household budget as a result of the pandemic, with the number of families whose kids will need to use student loans as a way to pay college increasing from 42% in January to 53% in June."

...."Jill Desjean, a policy analyst at the National Association of Student Financial Aid Administrators (NASFAA), says that if you change your mind, you can always contact your school’s financial aid office to revisit your application and accept your federal loans, as long as you are still enrolled for the academic year that the loans were pre-approved for."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 8/25/2020