NASFAA Mention: Fewer Students Apply for College Financial Aid, a Sign Coronavirus May Disrupt Enrollment

"College administrators expect more students to need financial aid for the coming school year—but fewer are applying for it," The Wall Street Journal reports.

"Applications for federal aid from high-school seniors dropped below year-ago levels in mid-March, as the coronavirus pandemic hit and many schools across the U.S. switched to remote learning. Since then, they have continued to slide, according to an analysis of federal data from the nonprofit National College Attainment Network. By April 24, they were tracking 2.8% behind last year, with 55,582 fewer high-school seniors submitting applications."

..."Until they know who will actually attend and how many students can pay full tuition, it is hard for many schools to calculate how much aid they can offer, said Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators. Those calculations are particularly in flux this year. At the same time, families don’t want to commit unless they know what their new aid packages will include."

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: 5/13/2020

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