"For students and families applying for college financial aid, hang in there. Major problems with the Free Application for Federal Student Aid, or FAFSA, means that universities and colleges will most likely be delayed in getting offer letters out," NBC DFW reports. 

..."On Wednesday, lawmakers held a hearing through the GOP-led House Subcommittee on Higher Education and Workforce Development.

'If there was a financial aid director or even a college president that delayed financial aid on their campus for up to six months, the professional price that would be paid for that would be pretty steep,' said Justin Draeger, head of the National Association of Student Financial Aid Administrators, while speaking on Capitol Hill.

The hearing came just a day after the Department of Education dropped a bombshell – that up to 40% of the FAFSA applications submitted so far this year could contain errors resulting from widespread application glitches or other issues.

Those forms are set to be reprocessed in coming weeks, and many will start being sent to schools by May 1, the agency 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: 4/11/2024