Education Department Relaxes Financial Aid Process in the Absence of IRS Tool

"The U.S. Education Department on Monday gave colleges flexibility in verifying applications for scholarships, grants and loans while an online tool used to apply for federal student aid is out of commission," The Washington Post reports.
 
"Monday’s guidance does address some concerns outlined in that petition, said Justin Draeger, president of the National Association of Student Financial Aid Administrators (NASFAA), one of the groups involved. 
 
'Financial aid offices from coast to coast are cheering these common-sense changes that will make it easier for students to complete the financial aid application and income verification requirements,' he said. 'We are still interested in revisiting the methodology used by ED to select students for verification, but this is an excellent first step.'"
 
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: 4/25/2017

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