FAFSA 'Crisis' Continues With Delayed Financial Aid Letters, Fewer Students Applying

parents and son

April 11, 2024 – In a MONEY article about the continued glitches, delays and communications failures that continue to plague the college financial aid process this year, senior director college finance at Bright Horizons College Coach her expertise on the topic. 

The problem is students may have acceptances from colleges that have different deadlines, says Shannon Vasconcelos, a college finance counselor with Bright Horizons. That complicates things for families who are weighing whether to put down a deposit at a school that has kept its May 1 deadline when they're still waiting to hear about financial aid from other colleges.

It's bad enough that students still haven't gotten solid answers about financial aid, she says. But now that they have to navigate inconsistent deposit deadlines, "it's just adding this new stress and pressure on families."

Read the full article here