How federal financial aid update is impacting Oregon students and school officials – OPB’s Think Out Loud

College-bound students in Oregon and around the nation would typically be receiving their financial aid packages from colleges and universities right about now to help them decide where to enroll in the fall. But many students may now have to wait until April because of the U.S. Department of Education’s delay in sharing financial aid information to colleges and universities.

The delay adds to the troubled rollout of the new version of the Free Application for Federal Student Aid which the education department recently overhauled to make it easier for families and students to apply for federal grants and loans. But the FAFSA update failed to adjust for inflation when calculating financial aid eligibility — a mistake education officials are scrambling to fix, and which has resulted in nearly $2 billion in additional federal aid becoming available to applicants.

Source: How federal financial aid update is impacting Oregon students and school officials – OPB