FAFSA completion down 40 percent

The 13 percent difference between completions and submissions of FAFSA suggests a high number of form errors. These errors, unable to be corrected until mid-April, can delay colleges' financial aid processing.

"In previous years, FAFSA submissions have been about 7 percent larger than FAFSA completions. This year, through March 29, FAFSA submissions are a whopping 30 percent larger," said Bill DeBaun, indicating issues with correcting submitted forms.

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