In the 2013-2014 school year $2.9 billion in Federal Pell Grants went unclaimed. According to Nerdwallet, the #1 financial aid mistake made by students and their families is that they never bothered to complete the FAFSA form.
Here in Minnesota, 10,055 families missed out on Pell Grants that averaged $3,479.44 for a grand total of nearly $35 million in federal grant aid for college during the previous school year. Presumably those same families missed out on the Minnesota State Grant as well, forfeiting another $10 million or so (estimated).
Wisconsin, you were even worse. 13,332 students from the badger state left over $48 million on the table. That’s a lot of cheese.
To learn more about how these numbers were calculated and see how your state fared, visit this link.
The secret to financial aid success. Woody Allen once said, “80% of the secret to success is just showing up”. Apparently that applies to financial aid for college as well.
Unless you complete the Free Application for Federal Student Aid or FAFSA form your efforts to receive financial aid for college will not be successful. Show up and claim your share of the 2016-2017 financial aid pie by clicking here.