American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Millions of college students in limbo after aid application information is delayed until March

by admin February 1, 2024
February 1, 2024
Millions of college students in limbo after aid application information is delayed until March

U.S. colleges and universities won’t receive students’ applications for financial aid until at least early March, the Education Department said Tuesday.

The delay is the result of the department’s decision to fix an error in how students’ aid eligibility is calculated. The fix is intended to cover students entering college for the 2024-25 academic year.

Normally, schools receive student data from the Free Application for Federal Student Aid, or FAFSA, in late fall or early winter, soon after students start receiving the applications themselves starting in October.

But a bumpy rollout of a new, simplified FAFSA form mandated by Congress in 2020 led to current students’ being unable to fully access applications until the first week of 2024, signaling that delays in getting financial aid offers from schools for the coming academic year would be inevitable.

Then, the department confirmed this month that it had failed to update the tables used to calculate students’ families’ eligibility based on inflation.

The series of mishaps ultimately led to Tuesday’s announcement.

“On the very day that schools were expecting FAFSA applicant information, they were instead notified by the U.S. Department of Education that they shouldn’t expect to receive that data until March, at the earliest,’ Justin Draeger, the president of the National Association of Student Financial Aid Administrators, said in a statement Tuesday.

‘These continued delays, communicated at the last minute, threaten to harm the very students and families that federal student aid is intended to help,’ Draeger said.

In its statement announcing the latest delay, the department also acknowledged that students can’t currently make corrections to their forms and wouldn’t be able to do so until the first half of March.

‘With this last-minute news, our nation’s colleges are once again left scrambling as they determine how best to work within these new timelines to issue aid offers as soon as possible,’ Draeger said, adding that financially vulnerable students shouldn’t be the ones to ‘pay the price for these missteps.”

An Education Department website lists a host of other issues on the new form that are affecting applicants, including the inability of students whose parents who may lack Social Security numbers to apply.

In its latest statement, the department said 3.1 million FAFSA forms have been successfully submitted since the redesigned application went live. A spokesperson didn’t have additional comment beyond today’s statement.

“The Better FAFSA makes it as simple and easy as possible for families to get help paying for college, and updating our tables will help even more students get the help they need,” Undersecretary of Education James Kvaal said in the statement.

“Updating our calculations will help students qualify for as much financial aid as possible. Thank you to the financial aid advisers, college counselors, and many others helping us put students first.” 

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Walmart managers can now earn $400,000 a year, no college required, thanks to stock grants
next post
Florida judge tosses out Disney’s lawsuit against Gov. Ron DeSantis

Related Posts

Canada Sweden defence pact reshapes fighter jet competition

November 19, 2025

These S&P 500 index stocks are leading in...

February 20, 2025

Qatar and Brookfield launch major AI infrastructure venture

December 9, 2025

ZRC price rallies 80% as Zircuit announces Hyperliquid...

July 24, 2025

Asian markets close higher: Kospi ends 0.7% up,...

July 21, 2025

Asian markets close: stocks fall on Trump’s steel...

June 2, 2025

Standard Chartered share price forms giant C&H ahead...

July 25, 2025

Nio stock price prediction 2025: a 70% surge...

December 23, 2024

Why the Starbucks CEO still backs SBUX stock...

May 1, 2025

China factory activity expands in December, first increase...

December 31, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: London stocks rise amid Storm Goretti, French turmoil

      January 11, 2026
    • US midday market brief: S&P 500 rises 0.7% as jobs data lifts sentiment

      January 11, 2026
    • Kansas crop woes fuel wheat rally ahead of USDA winter acreage estimate

      January 11, 2026
    • Evening digest: US job numbers, Iran unrest, OpenAI-SoftBank back AI push

      January 11, 2026
    • India’s economy looks strong with low inflation—but do people feel it

      January 11, 2026

    Categories

    • Business (5,048)
    • Investing (3,204)
    • Latest News (2,150)
    • Politics (1,541)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved