When the Prior-Prior Year (PPY) FAFSA was announced, the White House also announced that the National Association of Student Financial Aid Administrators (NASFAA), Scholarship America and others had adopted the earlier timeline.
Good news! Right? This is great news for returning college students who could receive their financial aid packages earlier.
And now high school seniors and their parents will have more time deliberating financial aid offers from various colleges.
Not so fast.
Federal student aid deadlines may not have an impact on state student aid deadlines. At least not this year.
According to the National Association for College Admissions Counseling, colleges must also rely on money from state legislatures and private foundations before they determine tuition for the 2017 school year let alone how much financial aid to offer perhaps thousands of individuals who have applied to the schools.
And Carrie Warick, director of partnerships and policy at National College Access Network, wrote in a July 27 blog post that some colleges have moved their “priority aid” deadlines into November 2016. So instead of having more time to apply to colleges, some high school seniors will have less than 2 months to take their SATs, get letters of recommendation from teachers, write their essays, complete and submit their college applications.
Warick said that places a significant time crunch on high school seniors. She called on colleges to set priority aid deadlines no sooner than February 1, 2017.
Shelley Owens 16 years as a journalist, 10 years as a jobs and education columnist, one year as a curmudgeon trying to save prospective college students from overpaying for college. Now available for reading on all devices on Kobo: A Degree Fast! For pennies on the dollar 12 Secret Strategies to Help Your Child Get a Degree in Half the Time - at Half the Cost to You