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

Posted on AllSides March 22nd, 2024
From The Left
AP Photo/Mark Schiefelbein, File

The U.S. Education Department said it has discovered a calculation error in hundreds of thousands of student financial aid applications sent to colleges this month and will need to reprocess them — a blunder that follows a series of others and threatens further delays to this year’s college applications.

A vendor working for the federal government incorrectly calculated a financial aid formula for more than 200,000 students, the department said Friday. The information was sent to colleges to help them prepare financial aid packages but now needs to be recalculated...

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