Minnesota education officials have set an aggressive new goal to increase the percentage of state high school seniors who file for college financial aid by 25% over the next five years.
Just 48% of Minnesota seniors in the class of 2021 filed a Free Application for Federal Student Aid, or FAFSA, the state's lowest share in recent years, ranking it near the bottom of the nation. State education leaders want to see Minnesota's FAFSA completion percentage increase by 5% annually until it reaches about 75%.
"We know that FAFSA filing really is considered to be the single greatest indicator that a student will enroll in college following high school," Minnesota Higher Education Commissioner Dennis Olson said.
The FAFSA is a key step in the college-going process, determining students' eligibility for federal grants, loans and work-study funding.
Increasing the share of seniors who submit the form could help boost enrollment at state colleges and universities, many of which lost students during the pandemic, officials say. It also could help the state reach its goal of having 70% of Minnesotans ages 25 to 44 earn a postsecondary degree or certificate by 2025.
But Minnesota seniors set to graduate next spring are off to a slow start in FAFSA completion, with filings down 10% from where they were at this time last year.
"If that continues to lag compared to last year … I think that could be a challenge for higher education," said Chris George, dean of admissions and financial aid at St. Olaf College in Northfield. "We're all going to suffer if we don't see students opting back in."
School counselors and state officials say the COVID-19 pandemic has contributed to the declining number of seniors submitting a FAFSA. Students have grappled with disruptions to their personal lives, pressure to help support their families financially and fatigue from distance learning, so the tedious process of filing for financial aid may not be such a priority.