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Potential Processing Delays for Financial Aid Due to Calculation Error

Diverse: Issues in Higher Education

Education Department (ED) said it has discovered a calculation error in student financial aid applications sent to colleges this month and will need to reprocess them, potentially continuing delays for college applications. Department of Education. “It The guide will be updated regularly through April 2024.

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FSA to Roll Out 2024-25 and 2025-26 FAFSA Batch Corrections by Early 2025 (Nov. 8 Update)

College Aid Services

Originally scheduled for release in August, Federal Student Aid announced yesterday that batch corrections will not be available for the 2024-25 FAFSA. This surprising announcement places a significant burden on Financial Aid Administrators and may cause further delays in granting aid to students.

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FAFSA Verification Update for Financial Aid Administrators: 2025-2026 Award Year

HEAG

As we prepare for the 2025-2026 FAFSA cycle, the U.S. Department of Education has issued important updates on verification requirements. Here’s what you need to know: 1. Tax and Income Verification: For students whose tax data is transferred directly from … Read more ».

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Minoritized, First-Gen Students Most at Risk from FAFSA Delays

Diverse: Issues in Higher Education

This year, helping her high school seniors through the newly simplified FAFSA application process has been more stressful than simple. When you have students applying to early action or early decision trying to finalize where they’re gonna go—for a lot of our students, that financial need is really important.”

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Cardona Calls for FSA Changes, But Experts Say the Damage is Done

Diverse: Issues in Higher Education

It’s been a year of missteps, miscalculations, confusion, delays, glitches, and frustration after the botched launch of the simplified FAFSA, which has prevented financial aid packages from being awarded to students with ample time to make plans for their future. Last week, Secretary of Education Dr. Miguel A.

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FSA Announces No Batch Corrections for the 2024-25 FAFSA

College Aid Services

Originally scheduled for release in August, Federal Student Aid announced yesterday that batch corrections will not be available for the 2024-25 FAFSA. This surprising announcement places a significant burden on Financial Aid Administrators and may cause further delays in granting aid to students.

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Understanding Changes in Other Financial Assistance for 2024-25:Key Regulatory Updates for Financial Aid Administrators

HEAG

Effective during the 2024-25 award year, the FAFSA Simplification Act introduced significant updates to the terminology and definitions around what constitutes as financial aid. One of the notable changes is the renaming of “Estimated Financial Assistance” (EFA) to “Other Financial … Read more ».