The Free Application for Federal Student Aid (FAFSA) opened to college-going high school seniors and their families just a week and a half ago. According to collegeboard.org, in 2014-15, about two-thirds of full-time students paid for college with the help of financial aid in the form of grants and scholarships. Approximately 57% of financial aid dollars awarded to undergraduates was in the form of grants, and 34% took the form of federal loans.
Jill Nutt, the director of financial aid at Hope, can speak to trends and issues on the college financial aid landscape. Nutt has spent over 25 years on college campuses dealing with these questions, the last six at Hope. She is a member of the National Association of Student Financial Aid Administrators as well as the Michigan Student Financial Aid Association where she has served in various positions on the governing board.