{"id":9032,"date":"2024-05-06T15:00:20","date_gmt":"2024-05-06T19:00:20","guid":{"rendered":"https:\/\/scholarshipowl.com\/blog\/?p=9032"},"modified":"2024-05-06T15:00:20","modified_gmt":"2024-05-06T19:00:20","slug":"gen-z-students-disappointed-with-financial-aid-offers-arising-from-the-new-fafsa","status":"publish","type":"post","link":"https:\/\/scholarshipowl.com\/blog\/gen-z-research\/gen-z-students-disappointed-with-financial-aid-offers-arising-from-the-new-fafsa\/","title":{"rendered":"Gen Z Students Disappointed with Financial Aid Offers Arising from the New FAFSA"},"content":{"rendered":"
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In April 2024, ScholarshipOwl<\/a> conducted a survey to help us develop a better understanding of the true impact of the troubled rollout of the new Free Application for Federal Student Aid (FAFSA)<\/a> on Gen Z students. We began studying this topic earlier this year, and presented our results in April 2024<\/a>. Our April survey delved further into the topic, focusing on whether or not students had begun receiving their financial aid offers. In more recent years, students have typically received their financial aid offers by the end of March, with many offers arriving prior to March. But as expected, the rollout of the new FAFSA has unfortunately resulted in significant delays, with less than half of our respondents (44%) receiving even one financial aid offer as of the date they completed the survey. Even more frustrating is that the majority of students we surveyed who had received one or more financial aid offers received less grant and scholarship aid than they had anticipated, with 70% responding that they didn’t receive any grant or scholarship offers – they were only offered loans.<\/p>\n

\"70%<\/p>\n

Who participated in the survey?<\/b><\/h2>\n

In April 2024, ScholarshipOwl surveyed high school and college students on the ScholarshipOwl scholarship platform to delve more deeply into the impacts of the challenges related to the rollout of the new FAFSA. A total of 8,708 students responded.<\/p>\n

Among the respondents, 61% were female, 38% were male, and 2% identified themselves as other. Nearly half (46%) were Caucasian, 23% were Black, 187% were Hispanic\/Latino, 67% were Asian\/Pacific Islander and 6% identified as other.<\/p>\n

Over half (59%) of the respondents were high school students, with the vast majority high school seniors; nearly one-third (32%) were college undergraduate students, primarily college freshmen and college sophomores; 7% were graduate students and 3% identified themselves as adult\/non-traditional students.<\/p>\n

Survey questions<\/b><\/h2>\n

Question 1<\/h3>\n

We began the survey by asking students, \u201cHow has the rollout of the new FAFSA impacted you? Select all that apply.”<\/p>\n