"As college students eagerly await their financial aid offers, issues with the process began with the delayed release of this year’s Free Application for Federal Student Aid (FAFSA). While the FAFSA is finally available online 24/7, a significant mistake involving the failure to adjust for inflation may impact the amount of federal financial aid students receive," CUInsight.com reports.

"The changes to this year’s FAFSA sought to extend Pell Grants and financial aid to more students, but according to the National Association of Student Financial Aid Administrators, students who could otherwise receive the Pell Grant could now be deemed ineligible or receive less aid due to the inflation error. The Washington Post first reported the error and outlined the possible repercussions."

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: 1/18/2024