College Aid Services

AUGUST 6, 2024

The series will be divided into the two sections: a self-paced course called FSA Fundamentals Online and the FSA Fundamentals Virtual… More » FSA Announces 2024-25 Fundamentals Training Series The post FSA Announces 2024-25 Fundamentals Training Series first appeared on College Aid Services.

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College Aid Services

OCTOBER 8, 2024

The following volumes remain unchanged: Introduction Volume 4A – Record Layouts Volume 4B – Processing Codes Volume 5 – Edits and Rejects Volume 9 – Testing and Web Demo The following volumes have yet to be published: Volume 1… More » 2025–26 FAFSA Specifications Guide (October 2024 Update) The post 2025–26 FAFSA Specifications (..)

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College Aid Services

APRIL 18, 2024

FSA has notified institutions that it will suspend batch processing for the Common Origination Disbursement System (COD) as it makes important updates in preparation for the 2024-25 academic year. ET on April 20, 2024 and 11 a.m. ET on April 21, 2024. The outage is scheduled to occur between 11 p.m.

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College Aid Services

JANUARY 9, 2024

The online sessions will be held using a Q&A format and the complete details to access each webinar are located below: PUBLICATION DATE: January 05, 2024 DCL ID: ANN-24-01 SUBJECT: Live Internet Webinars – Better FAFSA… More » Better FAFSA Better Future Webinar Series: January–February 2024 The post Better FAFSA Better Future Webinar Series: (..)

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College Aid Services

AUGUST 26, 2024

Available Volumes: Introduction: This section provides an overview of the information in… More » 2025-26 FAFSA Specifications Guide (August 2024 Update) The post 2025-26 FAFSA Specifications Guide (August 2024 Update) first appeared on College Aid Services.

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College Aid Services

APRIL 11, 2024

The Department has released additional guidance for 2024-25 Aid Awards using the ISIRs affected by errors. They reaffirmed the plan to retransmit all impacted ISIRs in the coming weeks.

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Financial aid Compliance Education 104

College Aid Services

APRIL 4, 2024

The Department of Education has made numerous changes to the eZ-Audit reporting system as part of the 90/10 regulatory changes that went into effect on July 1, 2023 for proprietary organizations; officials expect to finish the updates by June 30, 2024.

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College Aid Services

SEPTEMBER 13, 2024

Today, the Department of Education announced that the deadline for Financial Value Transparency and Gainful Employment Reporting is being extended to January 15, 2025. This announcement provides much needed relief to Financial Aid offices across the country who are already struggling with issues surrounding the the 2024-25 FAFSA.

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College Aid Services

DECEMBER 15, 2023

Department of Education and the office of Federal Student Aid, including statutory and… More » FSA Announces Winter-Spring 2024 Webinar Series The post FSA Announces Winter-Spring 2024 Webinar Series first appeared on College Aid Services. The webinars provide the most recent guidance from the U.S.

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College Aid Services

JULY 12, 2024

The electronic announcement provides instructions for how institutions should originate summer-only Direct Loans while batch corrections are still unavailable for the 2024-25 academic year.

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College Aid Services

JULY 22, 2024

The latest electronic announcement outlines 2024-25 federal guidelines to determine when a FAFSA applicant qualifies for independent status as a unaccompanied youth who is homeless, self-supporting, or at risk of being homeless.

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College Aid Services

SEPTEMBER 27, 2024

The Department of Education is addressing two software issues that flag incorrectly flag ISIRs as “Conflicting Information” for the 2024-25 award year.

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College Aid Services

JULY 25, 2024

Federal Student Aid has published two volumes the 2024-2025 Federal Student Aid Handbook and updated the Application Verification Guide. What has changed: Volume 8: The Direct Loan Program – This volume discusses the William D. Ford Federal Direct Loan Program (Direct Loan Program) and describes how the U.S.

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College Aid Services

AUGUST 2, 2024

Update 8/1/24: Following its July 24th update, Federal Student Aid has clarified its guidance on resolving conflicting information for applicants or contributors that have FTI data and manually indicated that they did not file a U.S. tax return for 2022.

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College Aid Services

DECEMBER 20, 2023

The Department of Education has released the official 2023-2024 SAR Comment Codes and Text reference guide. 19, 2023) Note… More » 2023-2024 SAR Comment Codes and Text Guide Now Available The post 2023-2024 SAR Comment Codes and Text Guide Now Available first appeared on College Aid Services.

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College Aid Services

JULY 26, 2024

The information in this volume describes… More » NSLDS Financial Value Transparency and Gainful Employment (FVT/GE) User Guide (July 2024 Update) The post NSLDS Financial Value Transparency and Gainful Employment (FVT/GE) User Guide (July 2024 Update) first appeared on College Aid Services.

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College Aid Services

JANUARY 25, 2023

Posted: January 25, 2023 Author: Federal Student Aid Subject: 2023-2024 FAFSA Verification-Internal Revenue Service (IRS) Tax Return Transcript Matrix Attached to this Electronic Announcement is the 2023-2024 FAFSA Verification-IRS Tax Return Transcript Matrix that institutions can use for 2023-2024 verification of IRS tax return information included (..)

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College Aid Services

MAY 29, 2024

The Department of Homeland Security has announced that financial aid administrators will need to review a new tutorial for the Systematic Alien Verification for Entitlements system (SAVE) in order to submit a request for third-step verification. What should you know about this requirement?

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College Aid Services

JULY 25, 2024

Federal Student Aid has updated the 2024–25 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical and processing information for the 2024–25 award year. What changed?

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College Aid Services

DECEMBER 13, 2024

Financial Aid Offices can now utilize the Application Receipt Date on the 2024-25 paper FAFSA forms to determine a student’s eligibility for late disbursements using a copy of the original paper FAFSA, mailing receipts if there discrepancies.

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College Aid Services

AUGUST 6, 2024

Financial Aid administrators can access the 2024-25 training materials for this year’s Learning Tracks, which are designed as brief courses that focus on one particular subject at a time and are available through the FSA Training Center.

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College Planners of America

MAY 13, 2023

The 2024–25 Free Application for Federal Student Aid (FAFSA) integrates major changes in the way students will apply for Federal student aid. The new FAFSA also modifies the methods to be used by the ED to determine eligibility for aid. According to the U.S.

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College Aid Services

DECEMBER 5, 2024

The information in this volume… More » NSLDS Financial Value Transparency and Gainful Employment (FVT/GE) User Guide (December 2024 Update) The post NSLDS Financial Value Transparency and Gainful Employment (FVT/GE) User Guide (December 2024 Update) first appeared on College Aid Services.

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College Aid Services

JULY 10, 2024

Federal Student Aid has provided several tools that institutions can utilize until the National Student Loan Data System (NSLDS) post-screening and identity verification processes are available later this year for 2024-25.

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College Aid Services

JUNE 18, 2024

FSA has released an electronic announcement to clarify how issues discovered during the 2024-25 FAFSA rollout would be treated in terms of conflicting information and the appropriate steps that Financial Aid offices should take.

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College Aid Services

JULY 26, 2024

The 2024-25 Federal School Code (FSC) List of Participating Schools is now available as an online document and an integrated search function for applicants navigating the fafsa.gov website.

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College Aid Services

APRIL 5, 2024

Institutions now have access to the newest version of the 2024-2025 Federal Student Aid Handbook, which include changes to the volumes related to managing federal aid funding and student eligibility.

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College Aid Services

OCTOBER 29, 2024

Our October Team Spotlight is on Dustin Grannis, who joined College Aid Services as a Compliance Manager in 2024. He brings 15 years of experience in higher education and has managed teams of financial aid professionals across numerous schools; including four-year public, private, and proprietary schools.

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College Aid Services

AUGUST 26, 2024

Federal Student Aid has published the Appendices of the 2024-2025 Federal Student Aid Handbook. These sections contain information that is too comprehensive for one volume and must be separated in order to maintain the handbook’s overall flow.

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College Aid Services

MARCH 4, 2024

Federal Student Aid has published several important changes regarding the 2024-2025 FAFSA. FSA has replaced the SAI formula that it released on February 27th with its previous iteration due to the passage of the Extension of Continuing Appropriations and Other Matters Act, 2024. What changed?

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College Aid Services

OCTOBER 16, 2024

Update on October 16, 2024: FSA has published Volume 8 – Agency Matches. This volume… More » 2025–26 FAFSA Specifications Guide (October 2024 Update #3) The post 2025–26 FAFSA Specifications Guide (October 2024 Update #3) first appeared on College Aid Services.

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College Aid Services

OCTOBER 9, 2024

Update on October 8, 2024: FSA has published Volume 1 – Summary of Changes. This… More » 2025–26 FAFSA Specifications Guide (October 2024 Update #2) The post 2025–26 FAFSA Specifications Guide (October 2024 Update #2) first appeared on College Aid Services.

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College Aid Services

JANUARY 24, 2024

The Department of Education offers guidance for institutions to apply for Title III and Title V designations by the deadline on February 27, 2024. In addition, they provide more details about the process for waiving the Non-Federal Share Requirement for Federal Work-Study and the FSEOG programs.

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College Aid Services

SEPTEMBER 19, 2024

In a recent publication, Federal Student Aid released key deadlines for Title IV institutions must submit reports for the 2024-25 academic year.

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College Aid Services

JUNE 17, 2024

FSA has notified institutions that it will suspend batch processing for the Common Origination Disbursement System (COD) as it makes important updates in preparation for the 2024-25 academic year. The outage is scheduled to occur from midnight to 11 a.m.

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College Aid Services

AUGUST 2, 2024

Federal Student Aid has published Volume 2: School Eligibility and Operations of the 2024-2025 Federal Student Aid Handbook. What has changed: Volume 2 – School Eligibility and Operations is now available on the FSA Knowledge Center.

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College Aid Services

MARCH 5, 2024

Here are the main takeaways: Ensure your organization has completed necessary steps to prepare FTI-SAIG Mailbox for receiving 2024-25 ISIR Files. Updated SAIG software installation required to access ISIRs, explained in EA on 2/27/2024.

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