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In the future, institutions will be responsible for submitting corrections and updates to the FAFSA, according to Jeff Baker, policy liaison and implementation director for the Department of Education.

The reason, Baker said during the Federal Update at the NASFAA conference, is because with the new IRS Data Retrieval Tool, to be implemented with the 2018-19 FAFSA on Oct. 1, students and parents won't be able to see the income data pulled in from the IRS.

"They can't change what they can't see," Baker said, adding that students and parents will receive a message explaining why they won't be able to see the information brought in from the IRS.

Baker said there will be special provisions to allow FAFSA applicants to input income earned from work and to adjust for IRA and pension distribution rollovers.

The announcement received mixed reaction from NASFAA attendees, some financial aid professionals indicating that they were pleased that students or parents would not be able to make the changes. However, it will increase the workload for schools.