The Department of Education said it will fix a problem with the new Free Application for Federal Student Aid (FAFSA), which would have cost students about $1.8 billion in lost federal aid, according to news first reported by NPR.
The Department of Education will fix a problem with the new FAFSA form that would have cost students $1.8 billion in lost federal aid . The tables used to determine aid were based on outdated data and did not account for high inflation rates.
The FAFSA Simplification Act requires annual updates to account for inflation.
Department Of Education FAFSA Federal Aid Inflation Education Funding
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