"The U.S. Education Department (ED) said it has discovered a calculation error in student financial aid applications sent to colleges this month and will need to reprocess them, potentially continuing delays for college applications," Diverse: Issues in Higher Education reports. 

... "Justin Draeger, the president and CEO of the National Association of Student Financial Aid Administrators, responded that 'as always, 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.'"

"'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,' Draeger continued."

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