{"id":540802,"date":"2021-09-22T06:03:03","date_gmt":"2021-09-22T10:03:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nearly-1-in-3-parents-have-never-talked-to-their-child-about-the-fafsa\/"},"modified":"2021-09-22T06:03:03","modified_gmt":"2021-09-22T10:03:03","slug":"nearly-1-in-3-parents-have-never-talked-to-their-child-about-the-fafsa","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nearly-1-in-3-parents-have-never-talked-to-their-child-about-the-fafsa\/","title":{"rendered":"Nearly 1 in 3 Parents Have Never Talked to Their Child About the FAFSA"},"content":{"rendered":"

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Nearly 1 in 3 Parents Have Never Talked to Their Child About the FAFSA<\/b><\/p>\n

Among those who aren\u2019t planning to complete the FAFSA, the belief is they won\u2019t qualify for federal aid<\/i><\/p>\n

RIVERWOODS, Ill.–(BUSINESS WIRE<\/a>)–
\nAn annual survey from Discover Student Loans found 29% of parents have never talked to their child about the Free Application for Federal Student Aid\u00ae<\/sup> (FAFSA)i<\/sup> and another 22% have discussed it just once or twice. The FAFSA, which becomes available October 1st<\/sup>, is a free annual application offering families access to the largest source of financial aid to help pay for collegeii<\/sup>. For many, it\u2019s the best way to access federal aid.\n<\/p>\n

\nGiven the lack of discussions families are having about the FAFSA, it\u2019s no surprise that only 37% of families responded saying they are very familiar with the FAFSA and plan to complete it this year. The survey also found that 31% of parents who planned to complete the FAFSA still had not yet completed it in May 2021 \u2013 a month before its deadline in June.\n<\/p>\n

\n\u201cIt\u2019s understandable that families may feel anxious when it comes to paying for college. In fact, 30% of parents said applying for scholarships, grants, loans and other forms of financial aid is causing their child anxiety. When it comes to financing a college education, the earlier families can start saving and having those discussions, the better,\u201d said Manny Chagas, vice president of Discover Student Loans. \u201cThe same goes for the FAFSA. Applying early can give families opportunities for federal, state and institutional aid like grants and scholarships as some schools award financial aid on a first-come, first-serve basis.\u201d\n<\/p>\n

\nBeyond a lack of discussion about the FAFSA among family members, Discover\u2019s survey revealed myths and misconceptions that may be creating barriers to families filling out the FAFSA application, including:\n<\/p>\n