- A new survey by Sallie found that 38 percent of students have considered skipping college because of a complex, confusing financial aid application process.
- Nearly one in four families paying for college later realized they qualified for aid they failed to apply for, with a third losing out on at least $10,000.
- Despite recent legislative efforts to simplify the FAFSA, confusion remains widespread due to additional state, school, and national scholarship forms.
- Over 42 million Americans currently hold $1.65 trillion in student loan debt, which many borrowers say prevents them from purchasing homes or starting businesses.
- The Trump administration introduced loan caps under the One Big Beautiful Bill Act, limiting graduate students pursuing professional degrees to $50,000 annually in federal loans.
IN FULL
US financial aid is so confusing that applicants consider skipping college
