Students and parents are frustrated by delays in hearing about federal financial aid for college
ABC News
For many students, the excitement of being accepted into their first-choice college is being tempered this year by a troublesome uncertainty over whether they’ll get the financial aid they need to attend
NEW YORK -- For many students, the excitement of being accepted into their first-choice college is being tempered this year by a troublesome uncertainty over whether they’ll get the financial aid they need to attend.
The financial aid decisions that usually go out with acceptance letters are being delayed because of a later-than-expected rollout of a revised Free Application for Federal Student Aid, the form commonly known as FAFSA that schools use to compute financial aid.
The result: Students and their parents are putting off their college decisions.
“We are not going to make a decision without knowing what we’re committing to financially; it would be irresponsible to do that,” said Jenny Nicholas of Keene, New Hampshire. She wants to make sure that her son, a high school senior, goes to a college that is most affordable for their family.
The Education Department said the form would be easier for parents to fill out and used a new formula to compute eligibility for aid that took inflation into account. But it wasn't ready in October, when the forms for the coming school year are usually released. During a soft launch in December, it was difficult for many people to access the form. And the initial release didn't include the updated inflation tool.
