About 200,000 would-be college students, most of them low-income, may have received incorrect financial aid offers because of a recently-discovered glitch on the government’s Free Application for Federal Student Aid form, better known as the FAFSA.
The problem came to light earlier this month after colleges and universities began noticing lots of applicants with questionable salaries entered in the box marked “Income Earned from Work”. That is, salaries that looked puzzlingly high for students seeking financial aid.
Turns out that thousands of students — apparently trying to respond to the FAFSA with utmost accuracy — entered summer-job or after-school incomes down to the penny. But the form was supposed to accept only whole-dollar amounts.
The result? Incomes of $5,000.19 showed up as $500,019 — an enormous difference, and one that would almost certainly affect eligibility for financial aid.More