The Biden administration plans to forgive student debt for some borrowers, while new college students may have to borrow more than $37,000 on average. The FAFSA, which grants access to federal aid, is facing issues, leaving families concerned about paying college expenses. As the cost of college continues to rise, students rely heavily on loans and financial aid, and scholarships remain underutilized.
The new FAFSA is causing problems, resulting in a significant decline in college financial aid applications. As a result, 2.6 million fewer FAFSAs have been submitted this year, causing delays and preventing many students from applying for aid. This situation has led to concerns about reduced college enrollment and the availability of grants for students.
The US Department of Education is facing criticism over ongoing issues with the Free Application for Federal Student Aid (FAFSA). Former student loan official Wayne Johnson has accused the department of "malicious negligence" for technical problems preventing students from accessing and completing forms. This has delayed award letters, leaving applicants in limbo and potentially reducing college enrollment as happened during the COVID-19 pandemic. Republican lawmakers and financial aid administrators are also expressing concerns, highlighting a need for quick resolutions.
