"It may be another few months before millions of students and families know how much they’ll have to pay for college this fall," The New York Times reports.

..."One reason for the delay is that the Education Department was late in updating some of its calculations for inflation. Completing that work means that 1.3 million people will get larger Pell Grants — the money the federal government makes available to lower-income students — than they would have otherwise.

The delay, however, disrupts the work of harried financial aid officers at schools, who are trying to digest the biggest changes to the system in decades without shutting it down during the reboot.

Justin Draeger, president of the National Association of Student Financial Aid Administrators, a group that represents aid officers, said in a statement that the 'continued delays — communicated at the last minute — threaten to harm the very students and families that federal student aid is intended to help.'"

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: 1/30/2024