"The Department of Education announced that it had completed reprocessing “nearly all” FAFSA records impacted by a series of technical issues, which could have resulted in inaccurate results. This comes a month after the department first issued a statement acknowledging the situation. Now that reprocessing is almost complete, schools have the official go-ahead to start sending aid offers," Bankrate reports.

... "'Reprocessing these FAFSAs is important because financial aid administrators can’t provide students with accurate financial aid offers if the information their eligibility is based on is incorrect,' says Jill Desjean, senior policy analyst at the National Association of Student Financial Aid Administrators."

"Inaccuracies within the ISIR could result in a bigger or smaller financial aid package than the student may be eligible for."

"'Prompt reprocessing is crucial, too,' Desjean says. 'This year’s financial aid cycle is already delayed by more than six months, giving schools very little time to make financial aid offers and giving students very little time to make one of the biggest decisions of their lives.'"

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: 5/13/2024