Yet fewer families have applied for financial aid.
Only a few more weeks remain until the June 30 deadline for submitting the Free Application for Federal Student Aid for the upcoming fall semester.to all federal money, including loans, work-study and grants, which are the most desirable kind of assistance. With just about a month to go, the number of applications is down 2.8% from last year, with roughly 55,000 fewer high school seniors applying, according to the National College Attainment Network.
In ordinary years, high school graduates miss out on billions in federal grants because they don't fill out the FAFSA. Many families mistakenly assume theyMeanwhile, college costs are skyrocketing. Tuition and fees plus room and board for a four-year private college averagedThis spring, families will undoubtedly need those scholarships and grants more than ever.
For families who have already filed the FAFSA but have since experienced a financial shock, it is also possible to amend their FAFSA form or ask the college financial aid office for more aid, according to Boucher.
' college bound students will save themselves billions from creating bad debt'
Kids are skipping on college, at least for now.
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