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OKLAHOMA CITY, OK Applications for federal college financial aid are notably lower this year, and that could mean fewer freshmen when classes begin this fall.
Prospective college students can fill out the Free Application for Federal Student Aid to qualify for subsidized student loans and other forms of aid. FAFSA applications declined 5.8 percent nationally this year compared with the same time last year. About 1.72 million students completed the application as of June 25, compared with 1.83 million in 2020, according to an Associated Press analysis of FAFSA data.
As of February this year, FAFSA applications were down 10 percent from last year. But the completion rate increased in the spring, when schools could hold more in-school FAFSA help events that were canceled last year because of the pandemic.
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