FAFSA Delays Will Push Back College Financial Aid Timeline by Months

"Students applying to college this year will have to wait longer to get financial aid offers, after continued delays mar the rollout of the new Free Application for Federal Student Aid (FAFSA)," Money reports.

..."The 'in batches' wording particularly stood out to Allie Arcese, spokesperson for the nonprofit National Association of Financial Aid Administrators, meaning the exact timeline colleges will receive all the information they need to send out financial aid offers remains murky.

Even after colleges receive what they need from the department, Arcese says it takes several additional weeks for them to send out financial aid offers, which also factor in grants and scholarships from the school and the state.

'Pushing back the delivery of this information into March means students will have to wait even longer for their aid offers,' Arcese says. 'Possibly into April.'"

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Publication Date: 1/30/2024

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