58% Of Parents With College-Bound Children Have Changed Their Minds and Now Plan to Apply for Financial Student Aid
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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Source: Business Wire
72% of parents with college-bound children say they plan to fill out the FAFSA®, the first step for those looking to apply for federal student aid RIVERWOODS, Ill.--(BUSINESS WIRE)--An annual survey from Discover® Student Loans revealed that 58% of parents with college-bound students didn’t plan on applying for federal aid, but now have changed their minds. According to the survey, 72% of parents of college-bound children who are familiar with the Free Application for Federal Student Aid (FAFSA®)1 plan on filling it out this fall.“Given the uncertainties in the economy right now around inflation and fears of a recession, it’s understandable some families are feeling the impact of paying for college and reconsidering applying for federal aid. It’s encouraging to see nearly three-quarters of parents planning to complete the FAFSA since it’s the first step families need to take to apply for financial aid,” said Rich Finn, vice president of Discover Student Loans.Despite many families
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