Free Application for Federal Student Aid completions were up 4.6% as of July 1 compared to last year—gains partly attributed to a rebound in FAFSA filings among low-income students and students of color.
The number of FAFSA filings for 2022-23 fell by nearly 9% compared to a year ago, even as the number of new filings increased.
Several states now require high school students to complete the Free Application for Federal Student Aid. Their FAFSA filings have increased—but so have concerns about sapping scarce resources from other college-access efforts.
The federal budget stalemate is creating uncertainty at a time when many colleges are preparing to issue financial aid award letters. A new report, meanwhile, drives home the implications when students don’t have a clear understanding of available aid.
The federal government should make better use of existing data and limit which students are asked to verify the accuracy of information submitted in their Free Application for Federal Student Aid, a new report recommends.
This month brought mixed FAFSA news, including a pronounced drop in completions among low-income students and students of color, and a temporary reprieve from verification.
A new analysis shows that students in majority-Black and Latinx neighborhoods are asked to verify the accuracy of information submitted in their Free Application for Federal Student Aid far more often than students in majority-white communities.