Feds Spoil Financial Aid Applications of 200,000 U.S. Students

The U.S. Department of Education has sent out approximately 200,000 faulty student financial applications to colleges due to an error in its processing, the agency announced on Friday.

According to an announcement on the Federal Student Aid website, only 1.3 million of the 1.5 million that the agency has processed were not affected by this issue.

The announcement described the issue as a calculation error. “The FAFSA Processing System (FPS) was not including all data fields needed to correctly calculate the Student Aid Index (SAI) for dependent students who reported assets,” the announcement said.

Read more at The Daily Beast.