Report: Class of 2022 left $3.6B in free college aid by skipping the FAFSA

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Report: Class of 2022 left $3.6B in free college aid by skipping the FAFSA
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Among the class of 2022, 44% of high school graduates skipped the FAFSA — and eligible students left behind $3.58 billion worth of Pell Grant money.

The findings underline the work still to be done to encourage demand for higher education, says Bill DeBaun, NCAN’s senior director of data and strategic initiatives.

College freshman enrollment is improving steadily, though it remains below 2019 levels. In the fall of 2022, freshman enrollment was up 4.3% from the fall of 2021, an increase of almost 100,000 students, according to recent data from the National Student Clearinghouse Research Center. Alaska, Utah and Oklahoma demonstrated the highest 2022 noncompletion rates, at 65%, 62% and 57%, respectively. On the other hand, Washington, D.C. , Tennessee and Louisiana had the lowest noncompletion rates.

The 2022-2023 application will remain open until June 30, 2023. And students enrolled in college can still receive federal aid for the entire current academic year, including Pell Grants and direct loans, says Jill Desjean, a senior policy analyst at the National Association of Student Financial Aid Administrators.

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