BREAKING...the Department of Edu-macation has all but said the new FAFSA (the federal financial aid application required by all colleges) will debut on December 31.
Here's a quick summary of how this affects you, if you're applying for aid for the 2024-2025 academic year.
- College financial aid spokespeople have pretty much confirmed that they won't even get to see the submitted data until the end of January, at the earliest. Behind the scenes, they are scrambling. They're already outmanned and untrained as it is. The new FAFSA will require more training, more technical, computery integration and other stuff I don't understand like mainframes, meta elements and parallel processing.
- That means you won't see a firm financial aid award until mid-February at the earliest. Repeat, at the EARLIEST. Don't panic if it takes longer.
- I'll bet dollars to donuts that many financial aid awards will be flat-out wrong, because glitches will invariably appear. Check your...