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Hundreds of thousands of financial aid applications need to be fixed after latest calculation error

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The U.S. Education Department said it has discovered a calculation error in more than 200,000 student financial aid applications sent to colleges this month and will need to reprocess them.

By Collin Binkley, Associated PressEducation Secretary Miguel Cardona speaks during an interview, Sept. 20, 2023, in Washington.

A statement from the Education Department says the problem won’t affect 1.3 million applications that were processed correctly and distributed to colleges this month. Officials said they have fixed the error and it “will not affect future records.” The update was meant to simplify the form but took months longer than expected. It gives colleges less time to make financial aid offers to students, and it gives students less time to decide where to enroll.

It resulted in a lower Student Aid Index for those students — indicating they have more financial need than they do in reality. Senate Republicans are requesting a hearing with Education Secretary Miguel Cardona to discuss their “serious concerns” about the FAFSA rollout.

 

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