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Tax Errors Set Back FAFSA Processing—Again

 

Tax errors affect 5% of FAFSA forms, requiring reprocessing of over 320,000 ISIRs. Inconsistencies in tax data transfer from IRS led to miscalculations in student aid indexes. Most inconsistencies relevant for 15% of FAFSA applicants qualifying for education tax credits. Errors threaten to further delay financial aid offers.

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