"The notoriously rocky rollout of the new Free Application for Federal Student Aid (FASFA)keeps getting rockier," Inside Higher Ed reports. 

... "Justin Draeger, president and chief executive officer 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."

... "Draeger also dismissed the department’s suggestion that colleges should, or even could, manually recalculate their affected students’ ISIRs while they await the reprocessed forms."

"'Schools can only work with valid and correct data that is provided to them from the U.S. Department of Education,' Draeger wrote. '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: 3/25/2024