Free Application for Federal Student Aid (FAFSA) completion has decreased by 4% during the past year. The pandemic has likely contributed to this decrease since students have had limited social support from peers and school staff to help them navigate the complex financial aid process. The drop in completions was especially pronounced in high-poverty schools which completed 27% less applications than other schools. FAFSA completion increases postsecondary enrollment from 55% to 90% and increases postsecondary persistence by 4% per $1000 in financial aid. Low-income students are disproportionately missing out on these benefits (Learn4Life).
Takeaway: Building capacity and opportunities for postsecondary enrollment and financial aid support should be prioritized in economically disadvantaged schools.