Congress Passes FAFSA Formula Fix

Congress moved Thursday to fix an error in the legislation overhauling the Free Application for Federal Student Aid, days after the Education Department announced it was updating the formula for aid eligibility to comply with the law. The formula change would’ve made more students eligible for the Pell Grant, federal aid for low-income students—a move the Biden administration touted in a news release Tuesday. But Congress balked at the change, which was the result of an error in the initial legislation, and addressed the issue in the continuing resolution that passed Thursday to fund the government through March 22.