~Only about 24% of high school seniors in Florida have completed the Free Application for Federal Student Aid~
Tampa, FL- This week, the U.S. Department of Education is unveiling a new tool to help high schools better track how many students are completing federal financial aid forms.
The FAFSA Completion Tool website allows you to track how many students in each high school across the country are submitting and completing the Free Application for Federal Student Aid (FAFSA). Previously, high schools estimated their FAFSA completion rate using self-reported surveys, which are often unreliable.
With college costs rising, financial aid is a key factor for many people deciding whether to attend and complete college. By filling out a FAFSA, a student can find out if he or she is eligible for financial aid such as Pell Grants, federal student loans and work study opportunities. Research shows a strong correlation between FAFSA completion and college enrollment. “In order to improve college enrollment, retention and graduation rates, there’s an obvious need to boost the less than 24 percent FAFSA completion rate in Florida,” said Colón.
The new FAFSA Completion Tool will be updated every two weeks.