An Error in The FAFSA Could Lower Financial Aid for College Students
"The Education Department has failed to update guidelines used to calculate eligibility for financial aid, an error that could result in students’ receiving less scholarship and grant money for college next school year," The Washington Post reports.
..."But students in the running for partial Pell Grants will not fare as well, said Jill Desjean, a senior policy analyst at the National Association of Student Financial Aid Administrators. Students who do not qualify for Pell Grants solely on the basis of income may become eligible once the Student Aid Index has been applied, which makes income protection tables especially important for them, Desjean said.
The State Higher Education Executive Officers Association has projected that approximately 2.1 million students previously ineligible for Pell could become recipients under the new law. But those projections are imperiled in this upcoming FAFSA cycle.
'Without this inflation adjustment … students could either get a lower Pell Grant than they should qualify for or might get knocked out of Pell Grant eligibility,' Desjean 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: 12/1/2023
