Premium Invest Hub
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Popular Topics
  • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
  • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
  • Spanish woman killed by elephant in Thailand while bathing animal, police say
  • US adds Chinese tech giants to list of companies allegedly working with China’s military
  • Bad news for homebuyers in the Northeast and Midwest

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Premium Invest Hub
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Stock

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

    • February 1, 2024

    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

    Previous Article
    • Stock

    Walmart managers can now earn $400,000 a year, no college required, thanks to stock grants

    • February 1, 2024
    View Post
    Next Article
    • Stock

    Florida judge tosses out Disney’s lawsuit against Gov. Ron DeSantis

    • February 1, 2024
    View Post

      Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

      Popular Topics
      • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
      • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
      • Spanish woman killed by elephant in Thailand while bathing animal, police say
      • US adds Chinese tech giants to list of companies allegedly working with China’s military
      • Bad news for homebuyers in the Northeast and Midwest
      Copyright © 2025 premiuminvesthub.com | All Rights Reserved
      • About us
      • Contact us
      • Privacy Policy
      • Terms & Conditions

      Input your search keywords and press Enter.