what is the chance that a fafsa applicant will get some type of financial aid for college?

The chance that a FAFSA applicant will receive some type of financial aid for college is very high. About 87.3% of undergraduate students receive some form of financial aid, which includes grants, loans, scholarships, or work-study programs. This percentage applies to first-time, full-time undergraduate students at 4-year institutions. For 2-year institutions, the percentage is slightly lower at around 82% of students receiving aid. Therefore, a FAFSA applicant has roughly an 82-87% chance of securing financial aid to help with college expenses.