"The Education Department announced on Friday that about 200,000 student financial aid records it sent to schools included errors in the data," POLITICO reports.

... "'This is another unforced error that will likely cause more processing delays for students,' Justin Draeger, the president of the National Association of Student Financial Aid Administrators, said in a statement."

"Draeger's group said the records now have to be reprocessed by the department. But the Education Department said schools can recalculate the data on their own to develop tentative aid packages for affected students without waiting for a reprocessed record."

"'Schools will work in good faith with our federal colleagues to get information to students as soon as possible, but let’s not make any mistake — schools can only work with valid and correct data that is provided to them from the U.S. Department of Education,' Draeger said. '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