February 25, 2021
Access to financial aid is critical for students who want to go to college. Fortunately, California offers one of the nation’s most generous financial aid programs, providing over $2 billion in state financial aid. The state also offers a pathway for undocumented students to receive aid through the California Dream Act Application.
Tyler Wu
Unfortunately, in 2018-19 approximately $550 million in federal and state aid for California’s students was left on the table due to unsubmitted financial aid applications. Last year, only 54% of California’s graduating senior class completed a financial aid application.
High schools that serve a majority of Black and Latinx students have even lower Free Application for Federal Student Aid (FAFSA) completion rates. Research shows that the students who are most likely to benefit from financial aid are the least likely to complete the forms on their own.
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With just a couple of weeks to go before the state filing deadline, far fewer California high school students have completed college financial aid applications than is typical.
Applications from students age 18 and under are down from previous years. As of Feb 15, only 314,855 students under age 18 completed an application. That’s 27,522 fewer than last year and 22,313 fewer than 2019.
Overall financial aid applications submitted by California’s college and high school students are up compared to previous years. As of Feb. 15, 1,122,548 students had completed an application, that’s 58,953 more than last year, according to data from the California Student Aid Commission, or CSAC. But that increase is driven by current college and graduate students.