Problems with the new FAFSA have resulted in fewer students applying for college financial aid, which could impact enrollment decisions for the fall.
Problems with the new Free Application for Federal Student Aid have resulted in fewer students applying for college financial aid.
At the current rate, the number of FAFSAs submitted by the end of August will be about 2.6 million fewer than the same time last year, a decrease of 18%, according to higher education expert Mark Kantrowitz.Still, it's too soon to say whether those remaining students will ultimately apply for aid and how that could impact their decisions about college in the fall, according to Sandy Baum, senior fellow at Urban Institute's Center on Education Data and Policy.
"So many of our students are more likely to attend an institution that is close by," he said. "For many of our students it's less about comparing offers and more about, 'Can I go at all?'"As of April 5, only 28% of the high school class of 2024 has completed the FAFSA, according to the National College Attainment Network, a 38% decline compared with a year ago.
However, given the slower pace of FAFSA applications being submitted, "the number of Pell Grant recipients will be about the same as last year, despite the new Pell Grant formula making it easier for students to qualify," Kantrowitz said.Submitting a FAFSA is one of the best predictors of whether a high school senior will go to college, the National College Attainment Network found. Seniors who complete the FAFSA arefor financial aid and didn't even bother to apply.
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