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Left on the Table: The Saga of Unclaimed Pell…

Mar 09, 2023

Consider the tried-and-true axiom for the lottery: “You need to be in it to win it”. Well, when it comes to applying for federal financial aid, nearly two million high school students annually are deciding not to play the game whatsoever, a decision that is costing almost half of them the chance for some much-needed assistance in the form of free money. What’s behind what would appear to be an otherwise easy decision, and what can be done to connect more of these students with available Pell Grant funds?





College admissions decisions are arriving – a joyous time for students relishing their success. A disappointing moment when dream schools say no. No matter which, these emotions will soon be overrun by the reality of making a school choice. And then figuring out how to pay the coming college bill. Lurking under it all: how much student loan debt will be required to get to graduation?



This article will:

  • Tell you why filing the Free Application for Federal Student Aid (“FAFSA®”) is important no matter what your family income may be,
  • Discuss the Academic Year 2022-2023 FAFSA® form, and
  • Outline the likely changes to the FAFSA® form to be used in 2024-25

If you want to skip right to the finish line to get an estimate of the amount of financial aid you might eligible to receive, use this free Financial Aid Estimator.