7/31/2016 0 Comments
Education Week contributor Catherine Gewertz wrote that college financial aid officers who said they could not foresee being able to offer financial aid packages to individual students any earlier than normal.
Having read Gewertz’ article, college acceptance letters already present a time crunch for seniors. Colleges are sending out acceptance letters in April and expecting an answer by May 1.
Gewertz seems unconcerned about the effects of the early FAFSA, at least for this year.
She points out, however that the situation could change as financial aid software advances and college financial aid offices and legislators get used to the earlier deadlines. In that case, schools could begin moving up that all-important priority aid deadline.
The priority aid deadline is the last date all available financial aid can be tapped by qualified college applicants.
And that will hurt low-income students, according to Samantha Veeder, the director of financial aid at the University of Rochester.
Veeder said in the article that low-income students don’t realize that financial aid is awarded on a first-come, first-served basis.
While lower-income students who need more aid are still trying to determine where and how to apply for college, students with more counseling options have already drained financial aid packages.
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