Thursday, February 22, 2024

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MICHIGAN

FAFSA recipients must wait until April for financial aid following delay

The U.S. Department of Education announced that Free Application for Federal Student Aid, or FASFA, packages will be delayed until April. The delay is to fix a $1.8 billion mistake that could potentially have harmed low-income students' packages. The department's mathematic formula incorrectly overestimated the annual income of low-income students' households, meaning they would earn less than what they need in financial aid as a result of this error.