"The disastrous rollout of this year’s federal financial aid application hit a new snag Friday, with the Education Department saying that roughly 200,000 of the 1.5 million-plus applications processed and shared with schools and states so far will need to be recalculated," The Wall Street Journal reports.

... "'We’re beyond weary, and there’s a general distrust that there won’t be more errors found,' said Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, an industry group. 'It just feels like the hits don’t stop coming.'

... "Draeger said it is unrealistic for the government to think schools’ financial-aid offices have the resources to run hand calculations on this volume of student files. 'There’s an underappreciation for how challenging these things are for institutions,' he said."

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