"Numerous hiccups in the rollout of the updated Free Application for Federal Student Aid have upended this year’s financial aid award season," CNBC reports.

..."At the end of March, FSA identified problems with the information some schools were receiving, including inconsistent student tax information from the Internal Revenue Service that could impact a student’s aid eligibility. The errors impacted an estimated 5% of processed FAFSA, according to ED and the IRS, all of which will be reprocessed in the first half of April, the department said in a blog post.

Many of those who have filled out an application are waiting in limbo to find out how much they will owe for tuition for the upcoming school year. 

'Every day matters, and with hundreds of thousands of FAFSAs needing to be reprocessed, even more delays for students are coming,' Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators said in a statement. 'Continually taking two steps forward and one giant step back is not a sustainable pathway toward getting financial aid offers out to students and families.'"

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: 4/5/2024