If you applied for federal financial aid on the Web, beware! St. Thomas Newsroom January 31, 2000 The federal government has reported an early Y2K bug! All data was lost for students who applied electronically for financial aid via the World Wide Web on Dec. 15 and 16. To complicate matters, the federal government cannot determine who applied for financial aid at that time.If you applied for financial aid electronically in December 1999, check your records or check with your personal financial-aid counselor to determine if you have been bitten by the early Y2K bug. Call (651) 962-6550 if you have questions.