03/24/2024

Ed Department Error May Delay Student Financial Aid Further

Yet another delay has presented itself

There is yet another delay for prospective and current college students awaiting financial aid award letters. On Friday, the Education Department announced an error in its calculations for federal student aid that will result in delays for as many as 200,000 applicants.

The financial aid process for students is already about three months behind schedule. It was initially delayed due to a slow rollout of the new, simplified Free Application for Federal Student Aid released this year. It was further delayed when the department's calculations failed to take inflation into account.

Any student who receives financial aid has to fill out the form every year. Colleges use financial data from the FAFSA to determine how much to award a student in scholarships and grants. They run the numbers on their students every year, so it's not only prospective students who are playing the waiting game.

Please select this link to read the complete article from NPR.