"Yet another issue with the 2024-25 Free Application for Federal Student Aid (FAFSA) may further delay the financial aid award timeline," Best Colleges reports.

"The Department of Education (ED) announced Friday that a miscalculation in its FAFSA formula caused the department to send incorrect financial need data to colleges and universities in the U.S. The error reportedly will impact several hundred thousand students, according to the National Association of Student Financial Aid Administrators (NASFAA).

This is the latest in a long-running list of issues tied to the department's launch of the new Simplified FAFSA form.

'This is another unforced error that will likely cause more processing delays for students,'NASFAA President and CEO Justin Draeger said 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: 3/26/2024