"Education Department's FAFSA Error Causes Delays for College Financial Aid"

The Education Department has announced an error in its calculations for federal student aid, potentially delaying financial aid award letters for up to 200,000 applicants. This adds to the existing three-month delay caused by the slow rollout of the new Free Application for Federal Student Aid and the department's failure to account for inflation. The error particularly impacts dependent students with assets, whose forms will need to be re-processed and sent back to colleges at a later date. Colleges are urged to continue processing other applications to get aid packages to students as soon as possible.