"College hopefuls are already waiting longer than usual for their financial aid offers this year, due to the delayed release of the Free Application for Federal Student Aid (FAFSA). But what applicants may not realize is that this year's FAFSA also comes with a big mistake – one that will lower the amount of federal financial aid many receive unless it's remedied soon," NPR reports.

... "'It is critical the Department comply with the law, especially given the significant inflation that has taken place since the legislation was passed,' wrote the heads of the National Association of Student Financial Aid Administrators, or NASFAA, in an October letter to the department."

... "Even without this inflation adjustment, schools have been complaining of a compressed timeline, with the department saying it will not be sending them any FAFSA data – which schools need to make financial aid offers – until late January."

"In previous years, Draeger says, students' data were forwarded on to their schools of choice within just a few days of completing the FAFSA, beginning in October."

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: 1/9/2024