"The U.S. Department of Education (ED) announced that colleges and universities will not be able to submit batch corrections on FAFSA records for the 2024-25 aid cycle, just over a month after promising that this functionality would be available in mid-August," Whiteboard Advisors writes.

... "'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. And for schools, the impact of today's 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,' said Beth Maglione, interim President and CEO of the National Association of Student Financial Aid Administrators (NASFAA), in a July 30 statement."

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