[Oasfaa] FSA Alerts Aid Administrators to Look Out for Potential Inaccurate $1 AGIs on 2022-23 FAFSA, Use PJ for Applicants Impacted by American Rescue Plan

[Boyd, Lori]

FSA Alerts Aid Administrators to Look Out for Potential Inaccurate $1 AGIs on 2022-23 FAFSA, Use PJ for Applicants Impacted by American Rescue Plan <https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDI0NjgxNCZwPTEmdT0xMDA3MDA3NjE0JmxpPTg5OTQxNTg2%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C38478ff1708441123c0008d9872eefe7%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637689459069745600%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=QvRmQ0mQTwaYuluSp78ejT9RFH4cm9IG57TWbRRtErE%3D&reserved=0>

FAFSA filers who use the Internal Revenue Service (IRS) Non-Filer Portal (NFP), then subsequently file a 2020 tax return, then use the IRS Data Retrieval Tool (DRT) to transfer their tax information into the 2022-23 FAFSA form will incorrectly and unknowingly report an Adjusted Gross Income (AGI) of $1, according to a notice<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDI0NjgxNCZwPTEmdT0xMDA3MDA3NjE0JmxpPTg5OTQxNTg3%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C38478ff1708441123c0008d9872eefe7%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637689459069745600%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=V2NcyFPkUDj7AcSP37Ru3t%2Bu78WkJ%2BZ8OUw93GYUEXk%3D&reserved=0> posted Friday. This error could result in a lower Expected Family Contribution (EFC) and a higher Pell Grant award for students who would not otherwise be eligible. The notice recommends aid administrators identify all instances of $1 AGIs for filers in 2022-23 FAFSA cycle, and follow-up with applicants to resolve the issue as needed. The new tool causing these errors was launched after the filing season and has several warnings on the landing page and inside the tool to educate taxpayers prior to using it, the notice added.




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LORI BOYD
ASSISTANT DIRECTOR OF
FISCAL OPERATIONS

Office of Scholarships and Financial Aid
405.744.8730 * 119 Student Union * finaid.okstate.edu<https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgo.okstate.edu%2Fscholarships-financial-aid%2Findex.html&data=02%7C01%7Clori.boyd%40okstate.edu%7Cfcfeed9a6b784060435408d715e51342%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637001945918217346&sdata=BwzGz5gMsxJvdRDVhin%2BcD78kNgHFZrYqLK4pdlTeTw%3D&reserved=0>
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