"The 2018-19 FAFSA season launches Oct. 1, and an old friend is back to help ease the process. The IRS Data Retrieval Tool (DRT) is available once again to help families provide their tax information directly from the IRS. This tool was shut down in March due to security concerns over attempts to access people's data to file fraudulent tax returns, but those issues have been addressed and we are back in business for the 2018-19 FAFSA," The National College Access Network writes in a blog post.
"To improve the system’s security, transferred financial information will now be encrypted. Instead of showing the actual information on the computer screen or a Student Aid Report, those fields will simply say 'Transferred from the IRS.' Students and parents also will not be able to change or correct the information; if any adjustments are necessary, only financial office staff will be able make them. Please note that the Expected Family Contribution (EFC) will still be visible on the confirmation screen and the Student Aid Report.
... The U.S. Department of Education’s Federal Student Aid office has put together a set of information and FAQs regarding the DRT, and we strongly encourage the staff at your organization to review these resources and and share them with students and families. Our colleagues at NASFAA also provided some important points to keep in mind when speaking with applicants:
NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 9/29/2017