"Students are now able to fill out the Free Application for Federal Student Aid (FAFSA), which allows millions of college students to apply for $120 billion worth of federal college aid," according to CNBC.
"Federal aid is essential for millions of Americans who struggle to finance a college degree. Roughly 70 percent of grads leave college with student debt, and over 44 million Americans hold a total of more than $1.4 trillion in student loan debt.
Every year, FAFSA provides federal grants, loans and work-study funds to more than 13 million college students, making it the largest provider of student financial aid in the country.
'The biggest mistake that people make is not filling out the FAFSA or filling it out late,' Karen McCarthy, director of policy analysis for the National Association of Student Financial Aid Administrators tells CNBC."
NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 10/4/2017