Remember back on March 18, when there was the bulletin about the IRS shutting down the Data Retrieval Tool (DRT) Americans use to load key data onto their FAFSAs? Now, the IRS and U.S. Department of Education announced that parents and students should plan for the DRT to be offline until the next Free Application for Federal Student Aid (FAFSA) cycle begins on October 1m.
ED and IRS reminded parent and students that the online FAFSA continues to operate and that, to load data onto that FAFSA that would have come from the DRT, they can access paper copies of their federal tax returns and/or pay stubs, then manually transfer those data to their FAFSAs.
FAFSA filers can also get their 2015 “tax transcripts” from the IRS in order to secure the data they need. These transcripts can be downloaded online from the IRS’s Get Transcript Online website.
College Affordability Solutions will keep you posted on new developments regarding this problem in future bulletins that will be posted on this website.