FAFSA News Sparks Snark

In a google search for FAFSA news, one of the recently published search items is a story from a New Jersey newspaper’s website titled “FAFSA confusion: College students lose financial aid due to decimal point error on application”.

Apparently, at least 165,000 college students stumbled over a quirk in the on-line FAFSA application which caused them to declare that their family’s income was WAY bigger than it actually was.

The little “.00” outside the blanks where a student fills in the family’s income is a hint that you need to round off the income total to the nearest dollar, rather than enter the small change in the blank space allowed. For example, a student declaring a family income of $22,852.19 would actually be telling the government that the family raked in $2,285,219 that year! OOPS!

That student would find herself excluded from most, if not all, federal financial aid. This would include federal grants like the Pell Grant, federal student loans with favorable rates and terms, and federal work-study funds set aside for students with lower family incomes.

According to this article, Federal officials say they will correct the aid awards if/when the errors are found. So nice, so civilized.

It’s when the reader scrolls down to the comments that the fun begins.

The vitriol rolls out thusly:

“If they can’t follow simple instructions, maybe they aren’t college material.”

“Apparently millions of college students can read…and apparently 165,000 others cannot.”

“I would think due to the importance of this form, one would check it over before actually filing it.”

“Hope the applicants were not math, science or engineering majors!”

And it goes downhill, rapidly, from there.

I love the comment sections of news stories. Without them there would be a whole lot more pent-up anger in America than there already is!

To read this for yourself (or even to add your own snark ration) click this link:

http://www.nj.com/education/2014/07/fafsa_confusion_college_students_lose_financial_aid_due_to_decimal_point_error_on_application.html

To get ready for the FAFSA rush starting January 1st of each year, watch my video on the subject:

 

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