"The Education Department acknowledged Friday that a calculation error led to inaccurate aid estimates for a sizable portion of student aid forms processed in the past few months," Inside Higher Ed reports.

... "Justin Draeger, president of the National Association of Student Financial Aid Administrators, bemoaned the department’s latest miscalculation as 'another unforced error that will likely cause more processing delays for students.'"

"'At this stage in the game and after so many delays, every error adds up and will be felt acutely by every student who is counting on need-based financial aid to make their postsecondary dreams a reality,' he wrote in a statement. 'It is not feasible or realistic to send out incorrect FAFSA data and ask thousands of schools to make real-time calculations and adjustments to the federal formula on the school side.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 3/22/2024