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The U.S. Department of Education and the IRS identified three issues that impact a small amount of FAFSA forms which are identified in a new Electronic Announcement. From these issues, the Department and IRS estimate that approximately 5% of previously submitted FAFSA applications need to be reprocessed because the errors would result in decreased financial aid eligibility for students if unresolved. More than 80% of applications were not affected by these tax issues and the Department plans to reprocess the errors in the first half of April.
The Department released another Electronic Announcement this week regarding information on the Universally Unique Identification Numbers (UUIDs) that the Department is building and will send directly to institutions. The list will identify the student records that are unaffected by the known errors.
The Department will be hosting a webinar on Friday, April 5th to answer the most common technical questions which will include questions that have been received from schools, software developers, and states. Please register for the webinar here.
The department also launched a new page this week that includes updates and messages from Federal Student Aid Leadership.
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