College Financial Aid: A Crucial but Complicated Process
As the academic year approaches, the U.S. Department of Education is preparing for the rollout of the new Free Application for Federal Student Aid (FAFSA). The 2025-26 FAFSA has been available to limited groups of students in beta tests since October 1 and is expected to become available to all students and contributors on or before December 1.
A Simplified Form, But Still Many Unresolved Issues
The new FAFSA form is designed to be simpler and more user-friendly, but higher education expert Mark Kantrowitz notes that there are still many unresolved problems. As of October 29, the government’s FAFSA Issues page lists 22 unresolved issues, down from 25 a few weeks ago.
Financial Aid: A Crucial Component of College Affordability
For many students, financial aid is crucial in covering the cost of college. With tuition and fees plus room and board averaging $58,600 at four-year private colleges and $24,920 at four-year, in-state public colleges, financial aid can make all the difference.
The FAFSA: A Gateway to Federal Aid
The FAFSA serves as the gateway to all federal aid money, including federal student loans, work-study, and grants. Submitting a FAFSA is also one of the best predictors of whether a high school senior will go on to college.
Declines in First-Year Student Enrollment
Issues with the new FAFSA form have contributed to a decline in first-year student enrollment. According to an analysis of early data by the National Student Clearinghouse Research Center, the number of new first-year college students sank 5% this fall compared with last year.
A Condensed Time Frame: A Challenge for Students
Even if the Education Department meets its deadlines, students are still working within a condensed time frame compared to the typical October FAFSA rollout. This may put students at a disadvantage, particularly those who are dependent on financial aid.
A Stressful Process for Families and Students
For families and students dependent on financial aid, the FAFSA process can be stressful and overwhelming. With a shorter time line and unresolved issues, it’s essential for students to stay informed and seek help when needed.
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