Amid a troubled overhaul of the federal process for applying for student financial aid, the share of Wisconsin high school seniors completing the application so far this year has plummeted. The largest declines have been at schools with greater proportions of marginalized students. While the gap may be narrowing as students near commitment deadlines, such delays could cause lasting impacts for students, colleges, and the workforce. [The publication date on the .pdf (May 2023) is incorrect. The correct publication date is May 2024.]