Around the country and around North Texas, students and their parents are sweating out yet another blunder involving their financial aid for this Fall.
This ongoing fiasco could affect at least one million students and their parents. It involves the Department of Education's FAFSA, or Free Application for Federal Student Aid.
The problem involves tax data transferred from the IRS and affects as many as a million FAFSA forms that were already submitted by the families of college-bound high school seniors.
With a May 1 deadline approaching at many colleges, families still do not know the amount of money in federal grants they will receive.
It's possible that colleges received inaccurate information about some families’ finances after those applicants submitted the FAFSA to the Department of Education. Many colleges expect students to commit by May 1st but with these forms still in limbo a lot of students are left in limbo.
This is just the latest in a series of Department of Education delays in the FAFSA process that have been plaguing families since October.
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