"Some students may be unable to receive their financial aid money in time to pay their bills, with classes only a few weeks away, after the Education Department announced Tuesday that colleges will not be able to submit corrections to financial aid records in bulk this year," NBC reports. 

... "A nonprofit representing financial aid professionals said the decision was 'a stunning failure.'"

"'The Department’s poor planning has led to a stunning failure: Some college students might not have financial aid dollars in their hands in time to start classes in the next few weeks,' Beth Maglione, the interim president and CEO of the National Association of Student Financial Aid Administrators, said in a statement Tuesday."

"Maglione said that for schools, the impact of the announcement 'means more than a few extra hours of work. It’s the difference between pushing a button versus making thousands of keystrokes in terms of administrative burden.'"

"The organization has been pushing the Education Department on its new FAFSA rollout and calling for improvements and assistance."

"Maglione added that the department’s announcement 'goes beyond impractical and approaches unworkable, redirecting even more time from other important tasks.'"

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: 7/31/2024