By Katie Lobosco, CNN Washington (CNN) — Fewer low-income students applied for college financial aid for the current school year after the rollout of an updated version of the Free Application for Federal Student Aid, known as the FAFSA, was plagued with problems. Submitting the form is required in order to access federal Pell grants, student loans and other kinds of financial aid. Without the financial help, college could be out of reach for some students. Total FAFSA submissions were down 3% – or by 432,000 – compared with the year before as of August 25, according to a new analysis from the nonpartisan Government Accountability Office. The drop in applications was largest for fam
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