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Americans Are Picking Colleges Not Knowing If They Can Afford It
Delays stemming from a revamp of the federal financial aid application mean many students are making their higher education decisions without key information about the price.
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After one of the most chaotic application seasons ever, millions of students and their families are now picking colleges without knowing how much it will actually cost.
In a normal year, universities send out financial aid offers shortly after acceptance letters are released. But after several delays associated with the revamp of the Free Application for Federal Student Aid, or FAFSA, millions of families are preparing to make a financial commitment without key information at a time when the cost of college has never been higher.