FAFSA Whiplash: Education Dept.’s Latest Move Reveals the Tension Between Two Competing Forces

"The financial-aid process isn’t supposed to be a choose-your-own-adventure story, but the federal government’s latest decision essentially guarantees that, this year, it will be," The Chronicle of Higher Education reports.

..."But several financial-aid officers said on Thursday that they would like to see formal assurances from the department that their institutions will be held harmless if they use the original ISIRs that contained inconsistencies. Some said they were concerned about the 'bait-and-switch' scenario that Karen McCarthy, vice president of public policy and federal relations at the National Association of Student Financial Aid Administrators, described in an interview with The Chronicle earlier this week: 'Depending on how big the discrepancy is, if a college doesn’t make an adjustment, and the student gets more aid this year based on this incorrect information, what happens next year when they come back and say, ‘Now I’m not eligible for the same aid, but nothing has changed’?'"

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Publication Date: 4/4/2024

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