"Many student financial aid packages will likely come later than normal this year after several problems with the Free Application for Student Aid, or FAFSA, which universities and colleges use to help determine what grants, work-study and other aid a college student might be eligible for," Dayton Daily News reports.

..."Wright State University’s financial aid department said student assets include checking accounts, savings accounts and 529 plans.

'This issue should not prevent schools from processing ISIRs and preparing aid packages, and only affects ISIRs delivered prior to March 21, 2024,' the U.S. Department of Education said in a statement. 'To date, we have delivered over 1.3 million ISIRs to schools that are NOT affected by this issue, and schools can process those records as planned.'

The National Association of Student Financial Aid Administrators, which represents more than 29,000 financial aid professionals at about 3,000 universities, criticized the error, saying the problem could push back financial aid packages.

'At this stage in the game and after so many delays, every error adds up and will be felt acutely by every student who is counting on need-based financial aid to make their postsecondary dreams a reality,' said NASFAA president and CEO Justin Draeger."

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: 4/1/2024