Why College Applicants Will Have to Wait Months Longer to Find Out How Much Financial Aid They're Getting This Year

"The sole application for receiving college financial aid has had a rocky rollout this year — and it means reward letters will be delayed by months," Business Insider reports.

..."The delay has sparked concern among higher education advocates who say it'll leave insufficient time for families to make major financial choices.

'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, president of the National Association of Student Financial Aid Administrators, said in a statement.

'These continued delays, communicated at the last minute, threaten to harm the very students and families that federal student aid is intended to help,' Draeger said.

Nine higher education groups also called for colleges to extend the financial aid deadline beyond May 1 to accommodate for the delays, saying in a joint statement that 'we all want students and families to have the time they need to consider their financial options before making enrollment decisions.'"

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: 2/1/2024

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