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The problem involves tax data transferred from the Internal Revenue Service and impacts “fewer than 20%” – or potentially about 1 million – of the FAFSA (Free Application for Federal ...
In past years, the IRS Data Retrieval Tool helped filers pull information from their tax return into the FAFSA, but the new process will be automatic and available to everyone, said Jill Desjean ...
The problem emerged after a congressional mandate in 2020 to simplify the FAFSA form. The department estimates that with the new fix, students will have access to an additional $1.8 billion in ...
Two-year old US tax information is used to complete the financial sections of the FAFSA beginning with the 2017–2018 academic year. This change in using "prior-prior tax year" information enables families to use the IRS Data Retrieval Tool in the FAFSA to verify their tax information without a delay from the IRS processing tax information. [7]
The college admissions process is usually stressful, but problems with a new FAFSA form have made this year even more chaotic. Here are the stories of three students and how the FAFSA problems are ...
For the second year in a row, students and families won't have access to the Free Application for Federal Student Aid on Oct. 1, when it's traditionally released, but federal officials have ...
Problems and delays Usually, the FAFSA is available for families and students on October 1 each year, but the overhaul of the form had already pushed back the release date by roughly three months.
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 ...