For some families, federal financial aid is one of the main reasons they can afford to send their children to college. In the 2021–22 school year, 70 percent of full-time, first-year undergraduate students were awarded some type of financial aid, most of which was through federal grants.
However, this year, applying for financial aid was a problem for many students. The new free application for federal student aid (FAFSA) was rolled out, and it was riddled with problems.