Families May Have to Make College Decisions Before Knowing Full Cost

"Applying for college financial aid will be more confusing this year for many parents and students, who will also have to fill out the forms on a much tighter deadline," The Wall Street Journal reports.

..."Students and families will gain access to the Fafsa on Dec. 31, but many colleges won’t receive that data until later in January, said Dana Kelly, a vice president at the National Association of Student Financial Aid Administrators, or Nasfaa. Colleges will then have to process that information through their systems, which might push the delivery of financial-aid awards to March or later.

'It’s just going to be dependent on what the school’s process is and how comfortable they are with their systems,' Kelly said."

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: 12/1/2023

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