Did you know that the IRS Data Retrieval Tool (IRSDRT) at StudentLoans.gov and fafsa.gov has been unavailable for over a week with no relief in sight? It is anticipated that the online transfer of data from the IRS will be down for several more weeks.
The IRS decided to temporarily suspend the Data Retrieval Tool as a precautionary step following concerns that the tool could potentially be misused by identity thieves. The IRS has an ongoing effort to protect the security of the data. The IRS and FSA (Federal Student Aid) are jointly investigating the issue and working to further strengthen the security of the information provided by the DRT.
Meanwhile, applicants still have the option to complete the FAFSA or IDR (Income Driven Repayment) application using a copy of their 2015 IRS tax return and if selected for verification they can request a Tax Transcript or update the ISIR once the DRT is available. As additional information becomes available FAME will post another notice.
· 2017-03-10 (General) Subject: IRS and Department of Education Statement About the IRS Data Retrieval Tool (DRT)