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- Two Visualization Updates
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I have two quick visualization updates - the first on FAFSA completion drops that keep on improving, and the second a new view of LMS market share.
FAFSA Completions Keep Improving
Nearly a month ago, I wrote a post essentially saying that the drop in FAFSA completions was baked in, and that a minimum we would end up in mid July with more than a 10% drop from 2023, and more likely in the 11.2 - 11.4% range. I based this on a simple sigmoid curve model that has helped with diffusion of innovations. It turns out that I was too pessimistic on the mid-summer trend.
It’s worth updating that the drop in FAFSA completions keeps improving throughout July, at just over a 0.2% per week level. In other words, the FAFSA completion drop did not level out. At this point we are at a 10.4% drop from last year.
