Sep 16, 2025

Question of the Day: How much free financial aid is unclaimed by students who do not file the FAFSA?

The amount of financial aid left on the table is astounding and growing!

Answer: $4.40 billion

Questions:

  • In your own words, what is the FAFSA?
  • Why do you think it's important to file the FAFSA?
  • If you are planning to go to college, when do you think the best time is to complete the FAFSA?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

 

Behind the numbers (National College Attainment Network): 

"This report is the fourth in a series of NCAN analyses on unclaimed Pell Grants by high school graduates. The series started with the class of 2021, which left $3.75 billion unclaimed. In following years, this value dipped for the class of 2022 ($3.6 billion), before climbing again for the classes of 2023 ($4 billion) and 2024 ($4.4 billion)."

 

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Need more budgeting activities? Check out NGPF's Paying for College unit page which is full of ideas to engage your students!

About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.

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