The FAFSA crisis: Will delayed completions result in enrollment declines?
In December 2020, Congress passed the Free Application for Federal Student Aid Simplification Act, known as FAFSA, to streamline the process of applying for federal student aid. However, a series of delays, technical challenges, and processing errors have led to a sharp decline in FAFSA completions among high school seniors, both nationally and in Virginia.
The FAFSA form is crucial for students to receive federal financial aid for college, including Pell Grants, work-study programs, and low-interest student loans. The delays in FAFSA availability this year have caused issues for students, as many schools have extended their deposit deadlines due to lagging FAFSA submissions.
The decline in FAFSA completions is a concerning trend, as it is a predictor of overall college enrollment. As of May 17, national FAFSA completions for this year’s high school seniors were down 15.5%, with Virginia experiencing a 13.3% decline. Southwest and Southside Virginia are seeing even larger declines, with completions down 16.3%.
The impact of these delays and declines in FAFSA completions could lead to an enrollment crisis this fall. With fewer students completing the FAFSA and making college deposits, schools are uncertain about their incoming class sizes. It is crucial for high school seniors to complete the FAFSA form and for school administrators to advocate for college attendance.
While there is still time for students to fill out the FAFSA, the clock is ticking. Community colleges and some four-year institutions may be willing to work with students on extended deadlines. The hope is not lost, but action is needed to ensure that students have access to the financial aid they need for college.