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The FAFSA update is slated to add an additional $1.8 billion in need-based student aid, but colleges and universities won’t receive the new information until March, according to the DOE.
The federal agency mounted a public awareness campaign this week to encourage more high school seniors and active students to submit their FAFSA forms. Show comments Advertisement
In a news release, the U.S. Department of Education announced on Aug. 7 it would start testing the system in October with a limited number of students, colleges, and universities.
The school, which enrolled over 32,000 students last fall, is hoping to distribute aid offers by the first week of May — months behind its typical time frame of January to March.
Some students may be unable to receive their financial aid money in time to pay their bills, with classes only a few weeks away, after the Education Department announced Tuesday that colleges will ...
The Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)
The Department of Education opened its latest version of the Free Application For Student Aid — better known as the FAFSA — to the public last week, slightly ahead of its original Dec. 1 deadline.
The problem emerged after a congressional mandate in 2020 to simplify the FAFSA form. The department estimates that with the new fix, students will have access to an additional $1.8 billion in ...