Seeking Help for Those Hurt by IRS Blunder

"The Department of Education should give a break to financial aid applicants after an automated IRS data tool was shut down more than a week ago, say the National Association of Student Financial Aid Administrators and several other college access groups," Inside Higher Ed reports.

"In a letter to Education Secretary Betsy DeVos and Federal Student Aid Chief Operating Officer Jim Runcie Tuesday, NASFAA President and CEO Justin Draeger wrote that the administrative burden from the shutdown of the data retrieval tool 'could lead to delays and backlogs for students.' To smooth the financial aid process, NASFAA and the other organizations called on the department to:

  • Update federal websites to reflect the current availability of the tool
  • Allow signed copies of tax returns in place of IRS tax transcripts to satisfy verification requirements for financial aid applicants
  • Revise selection criteria for verification checks
  • Expand the tolerance for conflicting information from use of prior-prior year income data

The National College Access Network, the National Association for College Admission Counseling and the Institute for College Access and Success also signed the letter."

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: 3/15/2017

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