ReportWire

Tag: fafsa

  • Several Colorado universities push back commitment deadlines due to financial aid complications

    Several Colorado universities push back commitment deadlines due to financial aid complications

    DENVER — The Denver Scholarship Foundation says several Colorado universities are pushing back their enrollment deadlines due to problems with federal financial aid assistance.

    In February, the U.S. Department of Education said universities wouldn’t receive student financial aid information until mid-March or April due to a calculation error. The department said that fixing the mistake would free up an additional $1.8 billion in student aid, but many universities now have a backlog of financial aid offers.

    Denver7 previously spoke to Kimberly Salazar, a North High School senior who was struggling to complete her FAFSA form. Salazar is now in the final step of the application process, but she had to ask Regis University to extend her deadline until the application is fully approved, a request they granted.

    “Every single day, I’m checking the account,” said Salazar. “Regis is helping me out as much as they can, because they realized my situation.”

    Although Salazar is receiving help, many students are still in limbo.

    DSF data shows that 21% fewer Colorado students have submitted their financial aid forms this year compared to 2023, because of the financial aid struggles. DSF Director of Scholarships Natasha Garfield fears the ongoing delays from the revamped FAFSA will dissuade students from attending college.

    “Our biggest concern all along is that not only are they not going to have their financial aid packages in place to make a decision about where they want to go, but that they would feel the process is too complicated and that college is not for them,” said Garfield.

    Several Colorado universities push back commitment deadlines due to financial aid complications

    The rollout of the new FAFSA form saw a series of glitches, errors and delays. Garfield said that the state recently made several updates, which shortened the process and made it easier to complete applications. However, DSF worries that the recent problems could have a trickle-down effect in upcoming years.

    “It’s so complicated this year, that it can really impact how students do in completing all of the other steps to enroll in college,” said Garfield.

    The Colorado Department of Education has held a series of town halls across the state to provide more information to students. Additionally, Garfield said it’s still not too late to apply for FAFSA and that universities are helping students make up for the lost time.


    The Follow Up

    What do you want Denver7 to follow up on? Is there a story, topic or issue you want us to revisit? Let us know with the contact form below.

    Sam Peña

    Source link

  • OPINION: With financial aid processes more broken than ever, here’s what families can do – The Hechinger Report

    OPINION: With financial aid processes more broken than ever, here’s what families can do – The Hechinger Report

    The federal government’s financial aid application, known as the FAFSA, has been plagued with problems since its new version launched December 30, three months late. This is a major problem for the more than 70 percent of undergraduates who rely on some type of financial aid to pay for their education, because they’ll have less time than ever to make a decision about one of the biggest expenses of their lives.

    What can parents do? The best first step is one that’s often the hardest for parents: Start a conversation about what you can afford. Research has shown that middle-class families rarely discuss the trade-offs and uncertainties related to paying for college, even though an honest conversation may prevent future financial headaches and relational heartache. The biggest reason? Parents may not want to burden their children with financial worries.

    As a researcher at uAspire, a nonprofit that tries to help students learn about and access financial aid, I find that concerning. But I know how hard these discussions can be.

    My own family didn’t talk about how we’d pay for college more than 25 years ago. I remember when the promissory notes arrived at my house, on green postcards, written in a tiny font size. I didn’t ask a single person what they meant, and no one in my family explained them to me — I just signed and mailed them back. Loans appeared to offer a bridge from my high school reality to an independent, adult life far from home. What I didn’t realize is how many of my future choices would be limited for the next 21 years, until those loans were finally paid off. Making room in my postcollege budget for loan payments affected where I could afford to live, how many hours I had to work, how often I could eat out, whether I could afford to travel to a friend’s wedding and whether I could donate to charities, among other choices.

    Related: ‘Simpler’ FAFSA complicates college plans for students, families

    Of course, the amount of financial damage I could do to myself back then was more limited than it would be now. Tuition charges alone have more than tripled at my alma mater, Northwestern University, since I was a student, rising from less than $20,000 a year in 1998 to nearly $65,000 this past fall.

    FAFSA Fiasco

    This op-ed is part of a package of opinion pieces The Hechinger Report is running that focus on solutions to the new FAFSA’s troubled rollout.

    To muster the bravery for a financial talk, it may help parents to know that this process is complicated for every family. The FAFSA — the first step in a lengthy process to unlock grants, loans, work-study and other forms of financial aid — has been imperfect since its inception in 1992. This new version promises to be simpler and award Pell Grants to over 600,000 more students from low-income families — major policy wins. Yet families largely have not found FAFSA to be simpler. It’s improving, but the growing pains are being felt by students and parents everywhere.

    That’s why it is so imperative for families to talk now, while there is still time to listen, share and make a plan, before placing a deposit somewhere.

    Once you do start talking, the conversation with your child should cover a few things: What can our family afford to pay up front to start college? What sources — savings, or a part-time job, for example — can your child rely on for day-to-day expenses during college? And what can they comfortably pay back later based on their expected employment earnings?

    Related: OPINION: I’m a college access professional. I had no idea filling out the new FAFSA would be so tough

    There are other things you can do, too. First, complete the FAFSA as soon as possible. Second, review the financial aid offers once they arrive — even though they will likely arrive later than usual this year — and make sure you understand the different types of aid being offered.

    My organization offers a free tool — a college cost calculator — to compare notoriously confusing aid offers. Since fewer than half of the students who begin a bachelor’s degree will graduate within four years, choose an institution with the most sustainable financing plan, one you could manage for up to six years. Browse government websites like Federal Student Aid and the Consumer Financial Protection Bureau, or industry sites like NerdWallet, to learn about the pros and cons of different types of education loans before accepting any. The Institute of Student Loan Advisors can offer advice if you have questions about loan repayment, including forgiveness and consolidation. Appeal your aid offer if your financial situation has changed dramatically since what was captured by your 2022 tax return; resources on the SwiftStudent website can help you get started.

    Of course, these are all individual actions to mitigate the effects of our broken system. Until there’s true change in how we pay for college, students and their families must be vigilant and proactive — starting now.

    Jonathan Lewis is the senior director of research at uAspire, a nonprofit group that works to ensure students have the necessary financial information and resources to complete college.

    This story about parents and FAFSA was produced by The Hechinger Report, a nonprofit, independent news organization focused on inequality and innovation in education. Sign up for Hechinger’s newsletter.

    The Hechinger Report provides in-depth, fact-based, unbiased reporting on education that is free to all readers. But that doesn’t mean it’s free to produce. Our work keeps educators and the public informed about pressing issues at schools and on campuses throughout the country. We tell the whole story, even when the details are inconvenient. Help us keep doing that.

    Join us today.

    Jonathan Lewis

    Source link

  • OPINION: School counselors can’t undo the FAFSA mess on their own. We need a national movement right now – The Hechinger Report

    OPINION: School counselors can’t undo the FAFSA mess on their own. We need a national movement right now – The Hechinger Report

    As of today, we are over 30 percent behind last year in FAFSA filings. If we do not mobilize as a college access community, we are at risk of losing thousands of students from the pipeline to higher education.

    The culprit? The difficult revised FAFSA process. Many public school counselors have told me that their students are frustrated and waiting until next year to apply.

    News coverage of the disastrous new FAFSA rollout and the Education Department’s unprecedented delays in sending FAFSA data to institutions has detailed everything that went wrong. What hasn’t been covered is the potential impact this could have on the nation, what we can do to mitigate some of the unintended consequences or what we all must do right now to help.

    There is no time to waste. We need a national movement to get students in the pipeline to higher education. Every single person reading this article should share this link that details state-by-state workshops, events and tools to help students complete their FAFSA.

    Share this resource with places of worship and local community centers, at school board meetings and beyond. If you engage with a high school senior on the bus, on the metro or elsewhere in your local community, ask them, “Have you filled out your FAFSA yet?”

    Related: COLUMN: The FAFSA fiasco could roll back years of progress. It must be fixed immediately

    We know students who complete the FAFSA are more likely to continue their education. We need them to complete their FAFSA and matriculate now, before they’re out of reach.

    During the height of COVID, we lost over a million students from the pipeline to higher education. This is on top of our already declining high school-age population. Losing more students will mean we’ll have a significant shortfall in the number of young adults with degrees.

    This has serious implications for the future workforce, economic mobility for individuals, economic stability for communities and America’s ability to compete on a global stage.

    This also has serious implications for institutions of higher education. Many colleges depend on the revenue students bring with them. When the college enrollment population declines, college revenues decline.

    FAFSA Fiasco

    This op-ed is part of a package of opinion pieces The Hechinger Report is running that focus on solutions to the new FAFSA’s troubled rollout.

    A small, rural college president told me recently that the FAFSA debacle has the potential to put their school out of business. If the school loses even just a few students, they won’t make payroll.

    We simply can’t afford to lose more students. School counselors can’t do this work alone. We need your help.

    We need a coalition of FAFSA champions committed to helping us close the gap in application filings. Better yet, if you are a college access professional, host your own FAFSA workshop and invite students and families from your local community.

    And we need to move quickly. The new FAFSA process is creating delays in financial aid offers even for students who have already completed the form, and most schools’ decision deadlines are looming. Many colleges, however, want to help relieve the anxiety students and families are feeling and are willing to extend deadlines. Our National Association for College Admission Counseling (NACAC) directory lists institutions that have moved their enrollment decision deadlines.

    Students need as much support and flexibility as possible right now, and shifted deadlines give them some breathing room to weigh their options — this is the largest financial decision of their young lives. While we have several hundred schools on our list, students and families need more schools to extend their deadlines.

    Giving students the time and space to make the best decision for themselves is not only the right move ethically, but also a consumer protection issue.

    We wouldn’t commit to buying a home without knowing the full price, so we shouldn’t require or expect students to commit to a college without knowing what they will have to pay.

    I also know that our school counseling and advising community has been significantly impacted by the FAFSA rollout. Our counselors are exhausted, confused and frustrated.

    They feel powerless and want to do everything they can to help their students. Many of them realize that they are going to have to work through the summer to help their students complete the process, but due to the politics of contract negotiations, many of them won’t be able to work into the summer to support their students.

    I recently sent a letter to the Secretary of Education calling on him to remind federal grantees of allowable uses of federal funds that support college-going. Our school counselors and advisers cannot be expected to work for free, and we need them now more than ever.

    Let’s shine a light on this issue by sharing our support for school counselor contract extensions with our school principals, superintendents, district leaders and boards.

    Without the expertise of our counseling community, students could make bad decisions.

    Related: OPINION: I’m a college access professional. I had no idea filling out the new FAFSA would be so tough

    Finally, extending grace to each other is one of the most important actions we can take.

    I have found that in crisis, our college access community tends to turn on each other. The anger is understandable, but we need to channel that energy toward creative, action-oriented solutions.

    If we don’t work together, our students lose. Let’s give grace to colleges whose financial aid awards are late this year, to counselors who may make mistakes as they navigate an unprecedented process and to students who may be delayed in getting their information where it needs to go.

    The future of our nation is at risk, so let’s work collaboratively with strategy, intention and grace as we steer our young people toward their best future.

    Angel B. Pérez is the CEO of the National Association for College Admission Counseling and represents over 27,000 admission and counseling professionals worldwide committed to postsecondary access and success.

    This story about the new FAFSA process was produced by The Hechinger Report, a nonprofit, independent news organization focused on inequality and innovation in education. Sign up for Hechinger’s newsletter.

    The Hechinger Report provides in-depth, fact-based, unbiased reporting on education that is free to all readers. But that doesn’t mean it’s free to produce. Our work keeps educators and the public informed about pressing issues at schools and on campuses throughout the country. We tell the whole story, even when the details are inconvenient. Help us keep doing that.

    Join us today.

    Angel B. Pérez

    Source link

  • Temple to cover tuition for more Philadelphia students

    Temple to cover tuition for more Philadelphia students


    Temple University will offer full rides to more Philadelphia students through a new financial aid program that takes effect in the coming fall semester.

    Under the terms of Temple Promise, the university will cover in-state tuition and other eligible fees for qualifying, first-time undergraduates from Philadelphia County. The students must be enrolled full-time and have a total adjusted family income of $65,000 or less.


    LATEST: Without clearly notifying the public, Penn Museum buries remains of 19 Black Philadelphians held in its collection


    The financial aid program only applies to students attending the college’s main campus in North Philly or the campus in Ambler.

    “The Temple Promise program ensures that talented students who have earned admission to Temple have every opportunity to pursue the excellent education that Temple provides, regardless of financial means,” Gregory Mandel, provost of Temple, said in a statement. “By easing the financial burden many admitted students face, the program enables ambitious, engaged students to join our academic community and sets them up for success in and out of the classroom.”

    Temple Promise is a last-dollar financial award designed to cover the remaining balance of tuition after other scholarships and grants are applied. To be considered, applicants must file the Free Application for Federal Student Aid by April 1.

    University officials said the program aligns with the educational agendas set forth by Gov. Josh Shapiro and Mayor Cherelle Parker, who have both called for greater access and opportunity for low-income families.

    Last summer, Temple approved a 4.2% increase in base tuition for in-state students, bringing the fees up to $8,988 per semester. Out-of-state students saw a slightly larger tuition bump of 4.4%; they now pay $16,188 per semester.


    Follow Kristin & PhillyVoice on Twitter: @kristin_hunt
    | @thePhillyVoice
    Like us on Facebook: PhillyVoice
    Have a news tip? Let us know.





    Kristin Hunt

    Source link