WEAU | Eau Claire, Wisconsin | News, Weather, & Sports

With decimal mistake, students become millionaires

By: AP Email
By: AP Email

WASHINGTON (AP) -- Low-income students have inadvertently presented themselves as millionaires on an application for federal financial student aid. That makes it less likely they will qualify for grants and loans.

The mistake stems from an online form change to the Free Application for Federal Student Aid made Jan. 1 that expanded the space to enter income. Thousands of students have since then unnecessarily entered a decimal point that the system was ignoring.

The department says a fix was made to the system last week and applications submitted this year are under review. It has said about 165,000 students have been identified as affected.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 266103561 - weau.com/a?a=266103561