Thousands of students’ federal student aid could be at risk due to a change on the Free Application for Federal Student Aid (FAFSA) form. Students’ may have input incorrect income due to the system’s requirement that families round to the nearest dollar. In many cases, the Department of Education believes students entered unnecessary decimal points and cents that went unrecognized and as a result, some students who needed federal aid were denied and others received it when they weren’t eligible. “For example, an applicant with an Income Earned from Work value of $5,000.19 who, as a result of entering both the dollars and cents would have, instead of the correct value of $5,000, a value of $500,019 used in the calculation of the applicant’s Expected Family Contribution (EFC),” an announcement dated July 18 reads.

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