FAFSA Calculation Error Affects Over 200,000 Applications

The U.S. Education Department is working to correct a significant mistake in financial aid calculations, as colleges adjust deadlines to accommodate affected students.

The U.S. Education Department discovered a calculation error in over 200,000 student financial aid applications, necessitating reprocessing.
A vendor's mistake in calculating a financial aid formula has led to delays in college application processes.
The error will not affect 1.3 million applications processed correctly; efforts are underway to correct the mistake.
Colleges are extending deadlines for accepting financial aid offers to accommodate the delays.
Senate Republicans are seeking a hearing with Education Secretary Miguel Cardona over concerns regarding the FAFSA rollout.