"FAFSA Form Error Threatens Student Financial Aid: What You Need to Understand"

An error in the Education Department's financial aid calculation could result in lower subsidy amounts for U.S. students due to a failure to update a key part of its aid calculation index for inflation. This could leave families with less aid than they actually need, impacting the upcoming academic year. The department is considering whether to delay the update, potentially shortchanging this year's cohort, or perform the update now but shorten the window for students to communicate with their schools of choice.