Top News

What to do if your financial aid award letter is late amid FAFSA delays

Here's the best way to pay for college

What the FAFSA delays mean to you

In ordinary years, financial aid award letters are sent around the same time as admission letters so students have a several weeks to compare offers ahead of ahead of National College Decision Day on May 1, which is the deadline many schools set for admitted students to decide on a college.

For most students and their families, which college they will choose hinges on the amount of financial aid offered and the breakdown between grants, scholarships, work-study opportunities and student loans.

This year, schools are now waiting on that FAFSA information to begin building financial aid packages and to give students and families enough time to weigh their options.

It is a real mess.

Mark Kantrowitz

higher education expert

“It is a real mess,” said higher education expert Mark Kantrowitz. “The delay in sending FAFSA data to colleges will cause college financial aid offers to be delayed until at least April, maybe even May.”

Some colleges have already emailed applicants to reassure them that every admitted student will still receive their financial aid package on time — even if that means sending out award letters before the college receives any FAFSA information.

“Making an offer of admission without offering a full financial aid offer really isn’t useful for most families,” said Adam Miller, vice president for admission and financial aid at Whitman College in Walla Walla, Washington.

To do this, Whitman and other colleges would need to leverage the information families provided in their completed CSS Profile. Currently, about 400 schools use the CSS profile in addition to the FAFSA to award nonfederal institutional aid. 

While FAFSA information will ultimately determine whether a student’s financial aid offer includes federal or state grants as opposed to scholarships, Miller said the expected out-of-pocket contribution for families will not be changed. 

“We feel really confident in our financial aid offers, and we’re fortunate to be in a position to stand by those offers regardless of what federal or state funding may come through once we have the FAFSA.”

What students and families can do now

For now, families should continue to complete their 2024–25 FAFSA forms, advised Rick Castellano, a spokesperson for Sallie Mae. And, in the meantime, tap alternative sources for merit-based aid, he added.

Check with the college, or ask your high school counselor about opportunities. You can also search websites such as and the College Board.

“The frustration is totally understandable and, frankly, justified,” Castellano said, “but the last thing you want to do is bypass college altogether.”

What delays mean for College Decision Day

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button