Education Dept. Extends Waiver Limiting Audits of Financial Aid Forms

"The Biden administration said Wednesday the Education Department will continue to temporarily relax its audit of students who apply for federal grants and loans, with the impact of the coronavirus pandemic still rippling throughout higher education," The Washington Post reports.

..."It’s been nearly a year since the Education Department first relaxed its audit of students seeking federal financial aid during the pandemic. Higher-education advocates grew concerned that the department would reverse course as months went by without word of an extension. They said ending the temporary waiver would exacerbate already low FAFSA completion rates and depressed enrollment at colleges that serve high proportions of low-income students.

'We laud the Department of Education for providing this sweeping relief to students and schools when they need it most,' said Justin Draeger, president of the National Association of Student Financial Aid Administrators. 'Verification disproportionately impacts low-income students, the very same population that is most impacted by today’s economic turbulence.'"

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Publication Date: 5/19/2022

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