"California students will have an extra month to submit applications for state financial aid, a deadline extension to help with ongoing setbacks and delays that have plagued the roll out of new federal forms that colleges and states rely on to calculate a student’s scholarships and loans," The Los Angeles Times reports.

... "On Friday, the U.S. Department of Education announced that a miscalculation in the formula for the FAFSA processing resulted 'in incorrect financial need information for several hundred thousand students being sent to colleges and universities,' according to the National Assn. of Student Financial Aid Administrators. 'Those student records will eventually need to be reprocessed by the Department and resent to schools, leading to further delays in ... financial aid offers,' an association statement said."

"'This is another unforced error that will likely cause more processing delays for students,' said association President Justin Draeger."

"The group added in a statement: '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.'"

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