"After one of the most chaotic application seasons ever, millions of students and their families are now picking colleges without knowing how much it will actually cost," Bloomberg reports.

..."Earlier this week, the Department of Education said it had processed nearly all of the roughly 6.6 million FAFSA forms it had received this year. In a typical year, schools would have started receiving the forms in October, said Karen McCarthy, a vice president at the National Association of Student Financial Aid Administrators. She said the concern now is that schools have much less time to evaluate FAFSA forms, and that students will have aid offers from some colleges but not others when decision deadlines arrive.

'We want students to be able to make a fully informed decision,' said McCarthy. 'We fear that ultimately it will disproportionately impact middle- to low-income students who need that information to make a decision. Those students in particular are really in limbo.'"

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: 4/4/2024