"It's FAFSA season, when families apply for federal aid to pay for college. The IRS Data Retrieval Tool makes it easier for applicants to add the required tax information to their forms by transferring it directly from the IRS. Or it did. The IRS has suspended the service for several weeks, and if history is any guide, this could mean fewer students complete the forms and go to college," Marketplace reports.
"'Any complexity built into applying for financial aid ultimately deters some of the very students financial aid is designed for,'" Draeger said.
"Especially families where no one has been to college before. IRS.gov says the tool will be down for several weeks."
NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 3/14/2017