"In a significant shift from its earlier promise, the U.S. Department of Education will not be able to make bulk corrections to students’ federal-aid records for the 2024-25 financial aid cycle. This decision, announced Tuesday, deviates from a June statement that had promised such capabilities in early August, a delay itself from the usual schedule," Insight Into Diversity reports. 

... "Beth Maglione, interim president and CEO of the National Association of Student Financial Aid Administrators, criticized the department’s handling of the situation. 'Once again, the Department of Education has failed to provide a key FAFSA deliverable when promised,' she said in a statement. 'Some college students might not have financial-aid dollars in their hands in time to start classes in the next few weeks.'"

"The department’s inability to facilitate batch processing — where financial-aid officers can submit large volumes of FAFSA corrections efficiently — means that corrections must now be processed manually, which is a slower, more labor-intensive alternative. 'It’s the difference between pushing a button,” Maglione said, “[and] making thousands of keystrokes.'"

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: 8/5/2024