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This means that more than 5.2 million students will be eligible to receive the maximum grant.  ",[1020],{"type":129,"attrs":1021},{"color":12},{"type":764,"attrs":1023,"content":1024},{"level":766},[1025,1030],{"text":1026,"type":22,"marks":1027},"Who applies for FAFSA?",[1028],{"type":129,"attrs":1029},{"color":12},{"text":774,"type":22,"marks":1031},[1032],{"type":129,"attrs":1033},{"color":778},{"type":18,"content":1035},[1036],{"text":1037,"type":22,"marks":1038},"As you can see from the following statistics, the demographics of those who fill out a FAFSA are varied:  ",[1039],{"type":129,"attrs":1040},{"color":12},{"type":780,"content":1042},[1043,1066,1075,1084,1093],{"type":783,"content":1044},[1045],{"type":18,"content":1046},[1047,1052,1061],{"text":1048,"type":22,"marks":1049},"According to ",[1050],{"type":129,"attrs":1051},{"color":12},{"text":1053,"type":22,"marks":1054},"Sallie Mae",[1055,1058,1060],{"type":31,"attrs":1056},{"href":1057,"uuid":34,"anchor":34,"target":844,"linktype":36},"https://www.salliemae.com/content/dam/slm/writtencontent/Research/HowAmericaPaysforCollege2022.pdf",{"type":129,"attrs":1059},{"color":12},{"type":848},{"text":1062,"type":22,"marks":1063},", one of the largest private student loan lenders nationwide, 70% of families submitted FAFSA forms for 2021-22. ",[1064],{"type":129,"attrs":1065},{"color":12},{"type":783,"content":1067},[1068],{"type":18,"content":1069},[1070],{"text":1071,"type":22,"marks":1072},"Approximately 20% of families who received financial aid through FAFSA appealed for more aid. ",[1073],{"type":129,"attrs":1074},{"color":12},{"type":783,"content":1076},[1077],{"type":18,"content":1078},[1079],{"text":1080,"type":22,"marks":1081},"73% of the appeals for more aid were granted. ",[1082],{"type":129,"attrs":1083},{"color":12},{"type":783,"content":1085},[1086],{"type":18,"content":1087},[1088],{"text":1089,"type":22,"marks":1090},"25% of families incorrectly think that FAFSA aid is exclusively reserved for low-income students. ",[1091],{"type":129,"attrs":1092},{"color":12},{"type":783,"content":1094},[1095],{"type":18,"content":1096},[1097,1102,1111],{"text":1098,"type":22,"marks":1099},"47% of FAFSA applicants are ",[1100],{"type":129,"attrs":1101},{"color":12},{"text":1103,"type":22,"marks":1104},"first-generation college students",[1105,1108,1110],{"type":31,"attrs":1106},{"href":1107,"uuid":34,"anchor":34,"target":844,"linktype":36},"https://studentaid.gov/data-center/student/application-volume/fafsa-school-state",{"type":129,"attrs":1109},{"color":12},{"type":848},{"text":1112,"type":22,"marks":1113},", according to the US Department of Education. ",[1114],{"type":129,"attrs":1115},{"color":12},{"type":18,"content":1117},[1118],{"text":1119,"type":22,"marks":1120},"The FAFSA data below, drawn from the 2020-21 academic year, offers a clearer picture of applicant demographics:  ",[1121],{"type":129,"attrs":1122},{"color":12},{"type":780,"content":1124},[1125],{"type":783,"content":1126},[1127],{"type":18,"content":1128},[1129],{"text":1130,"type":22,"marks":1131},"63% of applicants are female students. 37% are male students. ",[1132],{"type":129,"attrs":1133},{"color":12},{"type":780,"content":1135},[1136,1145,1154,1163,1172],{"type":783,"content":1137},[1138],{"type":18,"content":1139},[1140],{"text":1141,"type":22,"marks":1142},"47% are first-generation college students. ",[1143],{"type":129,"attrs":1144},{"color":12},{"type":783,"content":1146},[1147],{"type":18,"content":1148},[1149],{"text":1150,"type":22,"marks":1151},"41% of applicants are aged 25 or older, and 11% are aged 18 or younger. ",[1152],{"type":129,"attrs":1153},{"color":12},{"type":783,"content":1155},[1156],{"type":18,"content":1157},[1158],{"text":1159,"type":22,"marks":1160},"13% of FAFSA applicants are pursuing a graduate or professional degree. ",[1161],{"type":129,"attrs":1162},{"color":12},{"type":783,"content":1164},[1165],{"type":18,"content":1166},[1167],{"text":1168,"type":22,"marks":1169},"24% of applicants have never attended college. ",[1170],{"type":129,"attrs":1171},{"color":12},{"type":783,"content":1173},[1174],{"type":18,"content":1175},[1176],{"text":1177,"type":22,"marks":1178},"52% of applicants are independent students. 48% are considered dependent students.  ",[1179],{"type":129,"attrs":1180},{"color":12},{"type":764,"attrs":1182,"content":1183},{"level":766},[1184,1189],{"text":1185,"type":22,"marks":1186},"What did the FAFSA update look like?",[1187],{"type":129,"attrs":1188},{"color":12},{"text":774,"type":22,"marks":1190},[1191],{"type":129,"attrs":1192},{"color":778},{"type":18,"content":1194},[1195],{"text":1196,"type":22,"marks":1197},"As mentioned above, FAFSA updates have been made several times since the free application for federal student aid was founded in 1992.  ",[1198],{"type":129,"attrs":1199},{"color":12},{"type":18,"content":1201},[1202],{"text":1203,"type":22,"marks":1204},"Here are a few important points about the update: ",[1205],{"type":129,"attrs":1206},{"color":12},{"type":780,"content":1208},[1209,1231],{"type":783,"content":1210},[1211],{"type":18,"content":1212},[1213,1218,1226],{"text":1214,"type":22,"marks":1215},"The FAFSA update allows students to skip up to 26 questions, with the potential to reduce the total further from 103 to 18, simplifying the process (",[1216],{"type":129,"attrs":1217},{"color":12},{"text":951,"type":22,"marks":1219},[1220,1223,1225],{"type":31,"attrs":1221},{"href":1222,"uuid":34,"anchor":34,"target":844,"linktype":36},"https://www.ed.gov/news/press-releases/us-department-education-releases-new-data-highlighting-how-simplified-streamlined-and-redesigned-better-fafsa%C2%AE-form-will-help-deliver-maximum-pell-grants-15-million-more-students#:~:text=In%20the%202024%E2%80%9325%20FAFSA,the%202023%E2%80%9324%20FAFSA%20form.",{"type":129,"attrs":1224},{"color":12},{"type":848},{"text":1227,"type":22,"marks":1228},"). ",[1229],{"type":129,"attrs":1230},{"color":12},{"type":783,"content":1232},[1233],{"type":18,"content":1234},[1235,1240,1249],{"text":1236,"type":22,"marks":1237},"The US Department of Education released a ",[1238],{"type":129,"attrs":1239},{"color":12},{"text":1241,"type":22,"marks":1242},"FAFSA prototype",[1243,1246,1248],{"type":31,"attrs":1244},{"href":1245,"uuid":34,"anchor":34,"target":844,"linktype":36},"https://financialaidtoolkit.ed.gov/tk/announcement-detail.jsp?id=fafsa-prototype",{"type":129,"attrs":1247},{"color":12},{"type":848},{"text":1250,"type":22,"marks":1251},", offering an advanced look at the user experience and featuring various scenarios applicants will encounter. ",[1252],{"type":129,"attrs":1253},{"color":12},{"type":18,"content":1255},[1256],{"text":1257,"type":22,"marks":1258},"The simplified FAFSA form is already making an impact by encouraging more students to apply for funding.  ",[1259],{"type":129,"attrs":1260},{"color":12},{"type":18,"content":1262},[1263,1268,1276],{"text":1264,"type":22,"marks":1265},"The table below uses statistics from the US Department of Education to show ",[1266],{"type":129,"attrs":1267},{"color":12},{"text":1269,"type":22,"marks":1270},"state-by-state increases",[1271,1273,1275],{"type":31,"attrs":1272},{"href":955,"uuid":34,"anchor":34,"target":844,"linktype":36},{"type":129,"attrs":1274},{"color":12},{"type":848},{"text":1277,"type":22,"marks":1278}," in the number of applications: ",[1279],{"type":129,"attrs":1280},{"color":12},"article-rich-text",{"_uid":1283,"caption":12,"content":1284,"component":1302,"paste_content":1303,"hide_heading_row":543,"first_col_to_headings":543},"d48c43d5-772d-4006-9e08-51a04bca9659",{"tbody":1285,"thead":1295,"fieldtype":1301},[1286],{"_uid":1287,"body":1288,"component":1294},"e8935fb0-9cb8-4402-9fba-84f7811ff74d",[1289,1292],{"_uid":1290,"value":12,"component":1291},"68414572-9830-45c7-94e9-ebbe9921301a","_table_col",{"_uid":1293,"value":12,"component":1291},"aa3ef528-78f7-40d2-8446-58dd23a6b2a7","_table_row",[1296,1299],{"_uid":1297,"value":12,"component":1298},"7b0a27e5-da37-4ebb-b636-49072f7f93e5","_table_head",{"_uid":1300,"value":12,"component":1298},"0251de4d-8982-488a-9812-b213b41ac6cd","table","article-table","State\tIncrease in Number of Pell Recipients\tIncrease in Number of Maximum Pell Recipients\nAlabama\t7,941\t22,498\nAlaska\t1,045\t2,103\nArizona\t29,678\t62,897\nArkansas\t4,140\t11,676\nCalifornia\t59,005\t177,362\nColorado\t14,128\t25,465\nConnecticut\t5,053\t14,951\nDelaware\t1,612\t3,725\nDistrict of Columbia\t2,468\t6,957\nFlorida\t44,810\t113,245\nGeorgia\t16,463\t49,223\nHawaii\t1,881\t3,691\nIdaho\t4,669\t9,159\nIllinois\t21,917\t52,902\nIndiana\t14,175\t30,249\nIowa\t6,603\t13,590\nKansas\t6,222\t14,018\nKentucky\t8,160\t18,400\nLouisiana\t6,770\t19,362\nMaine\t2,579\t5,092\nMaryland\t7,398\t20,310\nMassachusetts\t12,221\t25,441\nMichigan\t19,844\t38,031\nMinnesota\t12,853\t29,275\nMississippi\t4,625\t13,872\nMissouri\t10,919\t24,540\nMontana\t1,462\t3,497\nNebraska\t5,685\t10,172\nNevada\t5,227\t10,729\nNew Hampshire\t12,391\t24,089\nNew Jersey\t8,802\t30,453\nNew Mexico\t3,525\t7,370\nNew York\t23,313\t75,756\nNorth Carolina\t16,489\t45,852\nNorth Dakota\t1,649\t2,837\nOhio\t22,567\t45,927\nOklahoma\t7,550\t17,870\nOregon\t7,209\t15,001\nPennsylvania\t18,899\t41,774\nRhode Island\t2,859\t6,096\nSouth Carolina\t9,186\t19,378\nSouth Dakota\t2,007\t3,893\nTennessee\t14,470\t31,590\nTexas\t51,296\t132,667\nUtah\t20,131\t39,049\nVermont\t1,292\t2,295\nVirginia\t16,626\t37,916\nWashington\t14,797\t23,731\nWest Virginia\t4,960\t11,516\nWisconsin\t9,993\t20,663\nWyoming\t832\t2,117\nTotal\t610,000\t1,489,015",{"_uid":1305,"data":1306,"component":1281},"93565f87-54bd-472a-bd36-fdd35e7546f8",{"type":15,"content":1307},[1308,1320,1327,1334,1346],{"type":764,"attrs":1309,"content":1310},{"level":766},[1311,1316],{"text":1312,"type":22,"marks":1313},"Get expert financial advice",[1314],{"type":129,"attrs":1315},{"color":12},{"text":774,"type":22,"marks":1317},[1318],{"type":129,"attrs":1319},{"color":778},{"type":18,"content":1321},[1322],{"text":1323,"type":22,"marks":1324},"Since its inception, the free application for federal student aid has helped millions of Americans fulfill their dreams of studying further after graduating from high school.  ",[1325],{"type":129,"attrs":1326},{"color":12},{"type":18,"content":1328},[1329],{"text":1330,"type":22,"marks":1331},"Thanks to recent FAFSA updates, the process of applying for aid is simpler and more streamlined, making it easier for those who need assistance to apply. That said, filling out a FAFSA form is no guarantee that you will receive aid.  ",[1332],{"type":129,"attrs":1333},{"color":12},{"type":18,"content":1335},[1336,1342],{"text":1337,"type":22,"marks":1338},"Unbiased matches you with a financial advisor for expert advice on achieving goals such as saving for further studies. With expert guidance, planning for the future becomes easier. ",[1339,1340],{"type":38},{"type":129,"attrs":1341},{"color":12},{"text":774,"type":22,"marks":1343},[1344],{"type":129,"attrs":1345},{"color":12},{"type":18,"content":1347},[1348,1358,1364],{"text":1349,"type":22,"marks":1350},"Find a financial advisor now",[1351,1354,1355,1357],{"type":31,"attrs":1352},{"href":1353,"uuid":34,"anchor":34,"target":844,"linktype":36},"https://v2.unbiased.com/inquiry/financial-advisor/advice-areas/?_gl=1%2a177ev69%2a_ga%2aMjEwOTg3MTczOC4xNjk3NDQ0NjE5%2a_ga_2L93GWDPD4%2aMTcwNjI3MzQ3NC41MC4xLjE3MDYyNzM5MjQuNTYuMC4w",{"type":38},{"type":129,"attrs":1356},{"color":12},{"type":848},{"text":1359,"type":22,"marks":1360},". ",[1361,1362],{"type":38},{"type":129,"attrs":1363},{"color":12},{"text":774,"type":22,"marks":1365},[1366],{"type":129,"attrs":1367},{"color":12},[1369],{"_uid":1370,"image":1371,"title":1376,"subtitle":12,"component":1397,"breadcrumbs":558},"7258534c-6542-4ae2-bfde-cd263bf80204",{"id":1372,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":1373,"copyright":12,"fieldtype":1374,"meta_data":1375,"is_private":543,"is_external_url":543},14400326,"https://a.storyblok.com/f/185166/5376x3584/6b895fd3a3/fafsa-statistics.webp","asset",{},{"type":15,"content":1377},[1378],{"type":18,"content":1379},[1380,1388,1393],{"text":1381,"type":22,"marks":1382},"FAFSA statistics:",[1383,1386],{"type":25,"attrs":1384},{"class":1385},"primary-gradient",{"type":129,"attrs":1387},{"color":12},{"text":1389,"type":22,"marks":1390}," what do you need to know about free application for federal student aid?",[1391],{"type":129,"attrs":1392},{"color":12},{"text":774,"type":22,"marks":1394},[1395],{"type":129,"attrs":1396},{"color":131},"app-hero",{"name":1399,"created_at":1400,"published_at":1401,"updated_at":1402,"id":1403,"uuid":1404,"content":1405,"slug":1414,"full_slug":1415,"sort_by_date":34,"position":1416,"tag_list":1417,"is_startpage":543,"parent_id":1418,"meta_data":34,"group_id":1419,"first_published_at":1420,"release_id":34,"lang":730,"path":34,"alternates":1421,"default_full_slug":34,"translated_slugs":34,"_stopResolving":558},"Unbiased team","2024-01-18T11:49:29.332Z","2024-01-24T16:17:31.264Z","2024-01-24T16:17:31.285Z",429182198,"a38620a4-ad81-47d5-b2fe-9fe933abd010",{"job":1406,"_uid":1407,"name":1399,"image":1408,"component":1412,"description":1413},"Writers","a6e3129c-eeee-4438-8204-797883981521",{"id":1409,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":1410,"copyright":12,"fieldtype":1374,"meta_data":1411,"is_private":12,"is_external_url":543},13850198,"https://a.storyblok.com/f/185166/400x400/232c6cb764/unbiased-team.jpg",{},"article-author","Our team of writers, who have decades of experience writing about personal finance, including investing and retirement, are here to help you find out what you must know about life’s biggest financial decisions.","unbiased-team","authors/unbiased-team",-10,[],224651374,"170282a1-0fe6-4cf3-ab19-04639ed3474c","2023-04-03T07:50:42.397Z",[],[1423],{"_uid":1424,"body":1425,"title":1438,"component":1439},"628318e0-01e9-4c44-8673-bc4675b4f2b9",[1426,1430,1434],{"_uid":1427,"href":1428,"text":1429,"component":542,"openInNewWindow":558},"e5fa1cce-7d4c-433e-9114-5183e2c254ab","https://www.unbiased.com/discover/banking/fafsa","What is FAFSA",{"_uid":1431,"href":1432,"text":1433,"component":542,"openInNewWindow":558},"76c648ce-ceb9-44dc-9b5e-c6676fb7593f","https://www.unbiased.com/discover/banking/student-loan-repayments","Student loan repayments",{"_uid":1435,"href":1436,"text":1437,"component":542,"openInNewWindow":558},"472e5f28-4605-4b7d-9f8b-13048bef3073","https://www.unbiased.com/discover/banking/pay-off-student-loan-early","Pay off student loan early ","Related articles","app-links-list",{"_uid":1441,"title":1442,"plugin":1443,"og_image":12,"og_title":12,"description":1444,"twitter_image":12,"twitter_title":12,"og_description":12,"twitter_description":12},"7cf1230b-da96-4dd9-bae7-e7aeefef4d56","FAFSA Statistics | Unbiased ","seo_metatags","Discover important statistics relating to FAFSA and ensure you understand your options when paying for your child’s college education. ","app-article",[],[],"We unpack what you need to know about free application for federal student aid and explore a few important FAFSA statistics. ",[],"fafsa-statistics","discover/banking/fafsa-statistics",-3470,[],365515562,"06a51a8b-4c44-4afb-ba00-234fde7086ee","2024-02-29T11:14:04.086Z",[],{"left":727,"top":727,"width":1459,"height":1459,"rotate":727,"vFlip":543,"hFlip":543,"body":1460},24,"\u003Cpath fill=\"currentColor\" d=\"M3.71 16.29a1 1 0 0 0-.33-.21a1 1 0 0 0-.76 0a1 1 0 0 0-.33.21a1 1 0 0 0-.21.33a1 1 0 0 0 .21 1.09a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1 1 0 0 0 .21-1.09a1 1 0 0 0-.21-.33M7 8h14a1 1 0 0 0 0-2H7a1 1 0 0 0 0 2m-3.29 3.29a1 1 0 0 0-1.09-.21a1.2 1.2 0 0 0-.33.21a1 1 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1 1 0 0 0-.21-.33M21 11H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2M3.71 6.29a1 1 0 0 0-.33-.21a1 1 0 0 0-1.09.21a1.2 1.2 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a1 1 0 0 0 1.09-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1.2 1.2 0 0 0-.21-.33M21 16H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2\"/>",[1462,1465,1466],{"title":1463,"exact":558,"href":1464},"Home","https://www.unbiased.com",{"title":381,"exact":558,"to":394,"disabled":543},{"title":750,"exact":558,"to":1467,"disabled":558},"/discover/banking/fafsa-statistics",{"left":727,"top":727,"width":733,"height":733,"rotate":727,"vFlip":543,"hFlip":543,"body":1469},"\u003Cpath fill=\"currentColor\" d=\"m181.66 133.66l-80 80a8 8 0 0 1-11.32-11.32L164.69 128L90.34 53.66a8 8 0 0 1 11.32-11.32l80 80a8 8 0 0 1 0 11.32\"/>",1777885830054]