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(Dialy Signal) – Millions of students each year rely on student loans and grants to afford the rising cost of college. This year, that’s about 17 million Americans.
They fill out the Federal Application for Federal Student Aid, known as the FAFSA. But this year, the U.S. Department of Education is very far behind in processing the forms, and it has committed many major errors.
As a result, most colleges have no idea how much financial aid their students and applicants will get. The students don’t know either.
It’s a six-alarm fire. It’s an EF-5 tornado. It’s a 9.5 earthquake. It’s the Kraken.
That’s no exaggeration. FAFSA forms from high school seniors are down about 27%, or about half a million students. It’s unclear whether those students will keep trying or will give up on college.
Some colleges might go under because of the drop in enrollment, with colleges losing not only tuition, but also income from room and board.
Meanwhile, only 7 million FAFSA forms have been transmitted to colleges, but 15% to 30% of them have errors, depending on which recent report one reads.
Observers who have a low opinion of government competence and capacities need to look even lower.
The litany of errors and the timeline of sheer incompetence provided in…
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