The number of high school seniors who completed the Free Application for Federal Student Aid stalled this June, spawning fears of enrollment declines this fall,
According to the latest analysis from the National College Attainment Network, as of June 28th some 46% of the high school class of 2024 had submitted the new FAFSA form, which is drop from 53.2% at the same time in 2023. That is a decrease of about 250,000 applicants.
As a result, the U.S. Department of Education (USDE) announced a handful of FAFSA support strategies for increasing completion rates. In fact, one $50 million investment has funded over 65 groups to encourage form completion by, among other things, allowing them to hire more advisers and coaches, as well as offering extended hours throughout the summer.
In addition, on July 10, 2024 the U.S. House education committee advanced a bill that would require the USDE to release the FAFSA by Oct. 1 each year. At present, the USDE is legally required to release the FAFSA by Jan. 1 each year. However, it typically makes the form public on Oct. 1.
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