NASFAA Mention: What to Expect When Paying for College in 2021

"Families in the challenging position of having college-age children during the coronavirus pandemic aren't just facing the prospect of continued virtual courses in the new year. Prospective and current students are also making what's often one of the largest financial investments of their lives at a time of high national unemployment and individual financial hardship," according to U.S. News & World Report. 

..."Colleges are struggling with their own budgetary issues after an unpredictable year in which the pandemic sent campuses into chaos in March 2020. While the same federal financial aid options still exist, the availability of institutional aid for students will vary across colleges.

'I know schools are trying hard to prioritize aid for students during this hard time,' says Megan Coval, vice president of policy and federal relations at the National Association of Student Financial Aid Administrators. 'That coupled with the fact that there are more stimulus dollars coming down the pike is a positive sign for students.'

..."As many students struggle to afford college this year, Coval says this spending and relief package will have positive effects for them both in the short and long term.

'There are a lot of folks who were just teetering on the edge of being able to financially swing postsecondary education, and then (2020) dealt a blow that put them behind – and it's those people we are really worried about. I hope as a country we can come together, and I think we have with this stimulus package, to bolster and strengthen higher education during this time.'"

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: 1/11/2021

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