Latest in Finance and Education
Schools are Extending Decision Day Due to FAFSA Delays
Most acceptance letters have been sent and now it’s time for students to decide where to go. Decision Day has traditionally been May 1st of each year. It marks the deadline that students have to commit to their schools and communicate their intention to enroll for the following fall semester. The May 1st date has normally given students several weeks, if not months, to review financial aid packages from schools they’d been accepted to.
This year that day is coming faster than ever due to FAFSA Delays related to the update of the application, where it was completely overhauled at the end of last year, only being released via a soft launch just a few days before New Years. The late start and some additional fine tuning since it’s release has delayed the delivery of financial aid information to schools, which in turn is causing financial aid packages to go out much later than usual, likely the middle to end of March or possibly even later.
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