"With college more expensive than ever and a new financial aid application that’s been problematic from the start, families are, understandably, having a hard time figuring out how to pay the tab," CNBC reports. 

..."As of the last tally, 10.8 million FAFSA forms have been submitted — a significant decline from the approximately 17 million students who use the FAFSA in ordinary years.

And nearly half of families who filed the new FAFSA for the upcoming academic year said they experienced delays in receiving a financial aid offer from their school, according to Sallie Mae.

'The Department’s poor planning has led to a stunning failure: Some college students might not have financial aid dollars in their hands in time to start classes in the next few weeks,' said Beth Maglione, interim president and CEO of the National Association of Student Financial Aid Administrators."

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: 8/7/2024