Distance learning, while not necessarily new to higher education, has become more of an expectation for college students during the pandemic. The world around us continues to change, demanding us to innovate and adapt. I’m heartened to see so many embrace these changes, including today’s college students.
Yes, many colleges and universities have reversed course or changed plans for on-campus instruction. Students and families, however, are determined to continue their education because the value of higher education is as strong as ever. According to a by The New York Federal Reserve, updated unemployment figures show the rate for college graduates is a fraction of that of the general population.
That said, families are concerned, and rightly so, about the affordability of college due to the pandemic. While more families were able to rely on their income and savings to last year, given the dramatic shifts in the economy, families may need to turn to other resources for college this year. That brings us to the Free Application for Federal Student Aid . Available October 1, the FAFSA is the gateway to more than $150 billion in grants, college scholarships, and federal financial aid. Unfortunately, a majority of college-going families wait until January or later to file – potentially missing out on thousands of dollars in first-come, first-served aid – and nearly a third skipped the FAFSA altogether.
It is on all of us to raise awareness about the importance of completing the FAFSA because no student or family should pay more for their education than necessary. At Sallie Mae, we are developing resources to assist students and families, particularly those who otherwise would not be able to afford higher education. In fact, we’re working with Embark to provide a free tool that reduces the average time it takes to complete the FAFSA.
Source: Education Headlines (educationheadlines.net)
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