（8）ZT

This set schools free to undercut one another on price in order to get their preferred students. It also gave the schools a further incentive to push for early decision, when students don’t have the ability to compare offers.

For almost anyone seeking financial aid, from the most sought-after first round pick to the kid who just slid under the wire, the first step remained the same: They had to fill out the Free Application for Federal Student Aid form, or FAFSA.

As anyone knows who’s been through it — or looked into the glassy eyes of someone else who has — applying for financial aid can be torture at the best of times. This year was the worst of times, because FAFSA was broken. The form, used by the government to determine who qualifies for federal grants or student loans, and by many colleges to determine their in-house financial aid, had gotten a much-needed overhaul. But the new version didn’t work, causing endless frustration for many families, and convincing many others not even to bother. At mid-April, finished FAFSA applications were down 29 percent compared to last year.

“The FAFSA catastrophe is bigger than people realize,” says Casey Sacks, a former U.S. Department of Education official, now President of BridgeValley Community and Technical College in West Virginia, where 70 percent of students receive federal funds.

Abigail Garcia, Rania’s classmate and the 2024 valedictorian of their school, applied to in-state public colleges as well as Ivies. She couldn’t complete the FAFSA, however, because it rejected her parents’ information, the most common glitch. She has financial aid offers from elite schools, all of which use a private alternative to the government form, but she can’t weigh them against the public institutions, because they are so severely delayed.

 

 

For most students, 2024’s FAFSA crisis looks set to take the uncertainty that began last fall and drag it into the summer or beyond. “That’s going to reduce the work force in two to four years.” Ms. Sacks says. “FAFSA completions are a pretty good leading indicator of how many people will be able to start doing the kinds of jobs that are in highest demand — registered nurses, manufacturing engineers, those kinds of jobs.”

As the FAFSA problem rolls on, it could be that for the system as a whole, the worst is still to come.

 

Image