FAFSA Issues Could Setback Students Receiving Awards and Colleges Processing Financial Aid

"A bumpy rollout of the new and simplified financial aid form means delays in when U.S. colleges and universities receive student’s FAFSA applications and could ultimately lead to students not receiving all their aid on time or long lines in the financial aid departments of colleges," Reckon reports.

..."This delay means colleges will have a shorter and more demanding timeline to asses and distribute financial aid awards, possibly causing them to change their acceptance deadlines.

'On the very day that schools were expecting FAFSA applicant information, they were instead notified by the U.S. Department of Education that they shouldn’t expect to receive that data until March, at the earliest,' Justin Draeger, the president of the National Association of Student Financial Aid Administrators, said in a statement Tuesday."

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Publication Date: 1/31/2024

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