Recent data shows that Colorado students missed out on around $50 million in federal financial aid specifically during the 2015-16 school year. The reason for this? Data indicates that 52 percent of high school graduates didn’t complete the federal application forms.
Colorado Students Missed $50M In Federal Financial Aid
The Reason? Incomplete Paperwork
DENVER (AP) — Colorado data indicates that students missed out on nearly $50 million in federal financial aid during the 2015-16 school year because they didn't complete all forms.
The Denver Post reports the Free Application for Federal Student Aid opened this week for the 2019-20 school year. It typically awards money based on a first-come, first-served basis.
According to data collected by the state Department of Higher Education, 52 percent of high school graduates in the state didn't complete the federal application during the 2015-16 school year.
According to the state figures, more than 40 percent of the nearly 33,000 students would have been eligible for federal aid for their university educations. The average Pell Grant awarded in the state during the same time was about $3,400.
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Information from: The Denver Post, http://www.denverpost.com
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