"In a typical year, the start of May would mark the end of the college application process, with most incoming freshmen knowing where they were going in the fall," Money reports.

..."Many colleges still working to calculate financial aid offers have told admitted students to be on the lookout for award packages anywhere from now to mid-May.

As of last week, 44% of colleges said they had not started preparing financial aid letters, according to a survey from the National Association of Student Financial Aid Administrators. Ten percent of colleges said they expected to send letters to families by the end of April, while 46% reported they'd already sent out letters."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 5/1/2024