By Craig Erwin, Ph.D.
About one-third of college students ignore FAFSA (Free Application for Federal Student Aid) completely, failing to apply for financial aid benefits. That decision is incredibly costly because the average student loan debt is $37,172. In Arizona alone students lost $104,000,000 in 2021 by neglecting to apply for FAFSA aid. Completing the FAFSA form is well worth the time and inconvenience because students who apply for FAFSA funds receive an average of $9000 per year. $150 billion in FAFSA funds are provided to students each year. The average cost of college is $35,720 a year or $142,880 for four years. Is there any question that, for students, FAFSA is well worth the trouble? FAFSA!
#college#financialaid#loans#students
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