Students and parents are frustrated by delays in hearing about federal financial aid for college
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.
Schools won't get the information they need to award financial aid until next month, forcing them to adapt. Some have moved away from the popular May 1 deadline for students to accept their offers of admission.
Just this past week, Virginia Tech, for example, said it had
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