The Booty Report

News and Updates for Swashbucklers Everywhere

Arrr, Biden's booty be causin' a ruckus for landlubbers and scallywags alike! Aye, 'tis a true mess!

2024-02-23

Arrr mateys, seventeen million scallywags be cursin' Biden's treasure aid debacle! The FAFSA website be slower than a parrot on a peg leg, leavin' poor souls stranded on the shores of debt. May the winds of fortune turn in our favor soon!

Arr matey, spring be a time o' great anticipation fer high school seniors — from receivin' acceptance letters to announcin' their college decisions. But fer the more than 17 million scallywags who rely on the Free Application for Federal Student Aid (FAFSA), their aspirations have been met with uncertainty. The Department of Education’s launch o' the new FAFSA has put students and their families in limbo. With a delayed release date, software issues, and a financial blunder, the department announced it wouldn’t process completed FAFSA applications and send them to schools until mid-March. High school seniors may have to wait anywhere from April to June to receive financial aid packages.Without a precise financial aid offer, it’s difficult for students to make their final decision about their college o' choice by May 1. This particularly impacts lower-income and first-generation students. FAFSA information enables higher education institutions to compile accurate student financial aid packages. As a college president navigatin' through this issue, I understand the anxiety many students and their families be experiencin'.As colleges and students be awaitin' the FAFSA information, preparations fer the 2024-25 academic year be in jeopardy. Institutions have pushed back commitment deadlines to give students more time. Encourage your student to reach out to their desired colleges to find out if there be a grace period before makin' a deposit. The cost to enroll be a decidin' factor fer students, and financial aid packages be essential to lighten the financial burden.While waitin' fer the FAFSA, students can use tools like a Net Price Calculator to estimate potential aid. Schools also provide scholarships and grants, and students can seek additional financial resources outside the institution. Encourage your student to research available scholarships and grants online and fill out necessary forms, like the College Board’s CSS Profile if required.Return on investment be crucial in decidin' what college to attend. Consider factors beyond finances, such as quality of education and university culture. Colleges understand the challenges students be facin' and are ready to assist in navigatin' the uncertainty. Remind your student to stay updated on communications from their college and seek information and support as needed.

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