According to National College Attainment Network (NCAN), 2024-25 FAFSA completion rates for HS seniors are down 40% compared to this time last year in 2023. The U.S. Dept. of Education, Federal Student Aid an Office of the U.S. Department of Education, Congress and The White House need to take a more aggressive action to address this FAFSA completion crisis, which will have knock-on effects on postsecondary enrollment, retention, and higher ed institution revenues. Since the 2020 pandemic and our economic recession, millions of students have decided to forgo higher education or were forced to stop-out due to financial concerns. This enrollment crisis impacts all Americans as we are losing a generation of brilliant minds who could have become our next doctors, engineers, nurses, teachers, accountants, pilots, civic leaders, lawyers, entrepreneurs, tech innovation leaders and much more.
Equitable access to higher education should never be a partisan issue. A nation that does not prioritize the education of its citizens is morally bankrupt. Every legislator and government official bears responsibility for failing the American people, especially our youth and young adults, in accessing critical funding for the pursuit of higher education.
May I propose a better solution to increase FAFSA submission rates? Publicly apologize to the American people on national TV and gift $5k to every student who enrolls/matriculates for Fall 2024. Disburse the funds as direct payments to students like HEERF was administered, after each college's add/drop deadline. Watch the FAFSA completion rates jump up drastically when you pair an apology with financial restitution.
How about an even more audacious proposal? Take the steps named above AND replace all Federal Direct Loans (except Parent PLUS) for 2024-25 with a one-time grant of the same value for every student. It's unconscionable to have students take loans this year when our government failed to do its job.
#FAFSA #FAFSAFastBreak #CollegeAdmissions #FinancialAid #HigherEducation
To kick off our FAFSA® Week of Action (April 15-19), ED is announcing the #FAFSAFastBreak campaign, a national effort to drive FAFSA® form submissions among high school seniors & returning college students.
Learn about the important role you can play: https://lnkd.in/ena3c5_s
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