College financial aid is so confusing nearly 4 in 10 students considered giving up

Jump to contentAllNewsSportCultureLifestyleNearly one in four families paying for college later realized they qualified for aid they failed to apply for, with a third losing out on at least $10,000 (methaphum - stock.adobe.com)A new survey by Sallie found that 38 percent of students have considered skipping college because of a complex, confusing financial aid application process. Nearly one in four families paying for college later realized they qualified for aid they failed to apply for, with a third losing out on at least $10,000. Despite recent legislative efforts to simplify the FAFSA, confusion remains widespread due to additional state, school, and national scholarship forms. Over 42 million Americans currently hold $1.65 trillion in student loan debt, which many borrowers say prevents them from purchasing homes or starting businesses. The Trump administration introduced loan caps under the One Big Beautiful Bill Act, limiting graduate students pursuing professional degrees to $50,000 annually in federal loans. In fullUS financial aid is so confusing that applicants consider skipping collegeMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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