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In their latest Dear Colleague letter, Federal Student Aid has announced a new resource for administrators that consolidates training materials for Financial Value Transparency and Gainful Employment (FVT/GE) regulations into one page.
A November 2024 article , from the Southern Association of Independent Schools (SAIS) highlights that total financialaid awarded by National Association of Independent Schools (NAIS) and SAIS schools has grown significantly over the past two decades, reflecting schools commitment to supporting families. million during the same period.
For private K-12 schools, financialaid is more than just a means of helping familiesits a strategic asset that shapes enrollment, fosters diversity, and ensures the schools long-term financial health. Schools can outline: Eligibility criteria for need-based aid, merit scholarships, or other tuition assistance programs.
In recent years, there’s been a notable increase in families across various income levels seeking financialaid for private K-12 education. Private and independent K12 schools work to strategically allocate financialaid to maintain enrollment, foster diversity, and support students who need assistance the most.
Originally scheduled for release in August, Federal Student Aid announced yesterday that batch corrections will not be available for the 2024-25 FAFSA. This surprising announcement places a significant burden on FinancialAidAdministrators and may cause further delays in granting aid to students.
As Title IV administrators, we’re all too familiar with the term “conflicting information.” ” It’s a staple in our daily operations in higher education, and its regulatory definition can be found in 34 CFR 668.16(f), f), 34 CFR 668.16(b)(3), b)(3), and 34 CFR 668.54(a)(2).
Resources Word In Wooden Cube Financialaidadministrators are the unsung heroes of the academic world, playing a crucial role in helping students navigate the complex realm of financialaid and achieve their academic goals. To fulfill their responsibilities effectively, … Read more ».
14, 2025: The Department updated this EA to reflect that we updated Frequently Asked Questions related only to Administrative Capability and Financial Responsibility. 14 Update) The post OPE Publishes New FAQ Resource Page for Administrative Capabilities, Key Postsecondary Regulations (Jan. Update Jan.
Summer is here, which means financialaid season is just around the corner, and many of you will be opening digital piles of applications in September. Taking a proactive approach to completing your K-12 financialaid prep tasks can help ease some of the burdens. How did your forecasting compare to actual results?
To see how the new requirements fit into an institution’s compliance with GLBA, see FPF’s new Postsecondary Institution Data Governance Considerations reference guide and Data Governance Checklist. How do Institutions ensure compliance? Document safeguards for each risk identified in the risk assessment.
The Department of Homeland Security has announced that financialaidadministrators 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?
The FAQ… More New FAQ Provides Additional Guidance for Ban on Racial Preferences in Admissions and K-12 Schools The post New FAQ Provides Additional Guidance for Ban on Racial Preferences in Admissions and K-12 Schools first appeared on College Aid Services.
Federal Student Aid has officially removed enrolled services to Student Aid Internet Gateway (SAIG) accounts that were not actively confirmed prior to the December 10 deadline by the institution’s Primary Destination Point Administrator (Primary DPA).
The electronic announcement below describes the federal requirements for Title IV institutions to disclose all related party transactions in their audited financial statements in accordance with guidance set by the AICPA.
As schools handle sensitive information, such as family financial records and student data, it’s essential to prioritize cyber awareness and implement strong security measures. This is particularly crucial when it comes to financialaid solutions, which often involve collecting and storing highly sensitive information.
This fact, which is expected to cause difficulties throughout the financialaid and college admissions process, is glossed over by the positive spin that the ED has adopted for the Better FAFSA Better Future Roadmap (Roadmap) that is the primary instrument for the rollout.
FinancialAidadministrators 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.
This Electronic Announcement provides information on the implementation of new requirements related to Gainful Employment programs under the Administrative Capability regulations in 34 C.F.R. t) and the Financial Responsibility regulations in § 668.171(c), which go into effect July 1, 2024.
Volume 3 – Electronic Data Exchange and FAFSA Processing revisions explain that a financialaidadministrator (FAA) cannot add or correct personally identifiable… More » 2024–25 FAFSA Specifications Guide (July 2024 Update) The post 2024–25 FAFSA Specifications Guide (July 2024 Update) first appeared on College Aid Services.
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.
The 2023-2024 ISIR Guide is now available to administrators according to a FSA electronic announcement posted on December 19th. 19, 2023) Note… More » Department of Education Releases Updated 23-24 ISIR Guide The post Department of Education Releases Updated 23-24 ISIR Guide first appeared on College Aid Services.
Explore more results Frictionless Services Frictionless service refers to creating user-friendly and digital-first processes that minimize the burden of administrative tasks and refocus student attention on the educational experience. Essentially, by spending less time on clerical tasks, students can spend more time on their studies.
In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive Title IV aid for direct assessment programs.
Improve compliance reporting IPEDS reporting (among other compliance reports) is a necessity for any institution receiving state or federal funding, but compiling and submitting IPEDS data is tedious and time-consuming. Edify uses plain-language terminology for its data fields to ensure everyone understands the data they access.
FSA announced that it began processing the third and final Pell Grant Administrative Cost Allowance (ACA) for 2022-23, which awards eligible institutions with $5.00 payments per recipient to cover costs associated with administering federal aid programs.
Federal Student Aid is hosting a pair of webinars later this year to train administrators on the recertification process for Title IV programs, which must be submitted 90 days before the expiration of their school’s Program Participate Agreement (PPA).
In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive Title IV aid for direct assessment programs.
The National Association of Student FinancialAidAdministrators (NASFAA) has issued its final report and a toolkit for financialaid professionals across the nation in anticipation of the resumption of federal student loan repayments. Because we have responsibility over our cohort default rates as well.
I’m putting my time and energy into my education and volunteer efforts and living on campus on my scholarship and financialaid,” she says. Jennifer Nájera Another step forward came in 2013 with the passing of the California Dream Act, which made undocumented students eligible to apply for state financialaid.
This will adversely affect the college plans of students planning to apply in the 2023-24 admissions cycle as well as students who need to re-apply for Federal aid each year. The National College Attainment Network ( NCAN ) contacted senior Biden administration officials seeking reassurance, but got no satisfactory response.
Earlier this week, the Biden-Harris administration announced new steps that will make it easier for colleges and universities to process records and allow for more time being spent to help students. Our concierge service is up and running, and we’re getting ready to deploy financialaid experts to support colleges.”
The Biden Administration announced in April 2024 that it would raise the minimum salary threshold for white-collar employees under the Fair Labor Standards Act (FLSA) to maintain exempt status from overtime pay.
Miguel Cardona The guidance clarifies when ED can require individuals to assume personal liability to allow their schools to participate in federal financialaid programs. ED expects it is most likely to impose such requirements on institutions with the most financial risk.
The Biden-Harris Administration continues its federal loan system overhaul with the Unified Service and Data Solution (USDS): a new platform where borrowers can manage their repayment process, access their loan information with a simplified log-in process, and FSA can implement “increased oversight” of loan servicers.
Application season for financialaid is rapidly approaching. By taking proactive measures now, you can ensure a faster, more efficient process that benefits your families and reduces administrative burden on your staff. Here are key actionable steps to prepare for the 2025 season.
The Office of Postsecondary Education (OPE) has launched a new resource page designed to address the community’s frequently asked questions regarding topics such as Administrative Capability, Financial Responsibility, and Program Integrity. OPE will continue to update the page as additional inquiries are received.
In its most recent ‘Dear Colleague Letter,’ the Trump administration has notified educational institutions receiving Title IV funding to cease “using race preferences and stereotypes as a factor in their admissions, hiring, promotion, compensation, scholarships, prizes, administrative support, sanctions, discipline, and beyond” (..)
Following its announcement last month, the Department of Education has released a FAQ to address questions that organizations have regarding its ban on racial preferences in the admissions process, K-12 schools, and third-party organizations.
This gave for-profit institutions a financial incentive to pursue and enroll military-connected students (veterans and active-duty personnel). Last year, the Biden administration put in place a rule that does not allow for-profit schools to attribute veteran and active-duty benefits toward the 10% requirement.
These changes include discontinuing the Office of Diversity and Inclusion, ending programming under Student Life's Center for Belonging and Social Change, and renaming the Office of Institutional Equity to the Office of Civil Rights Compliance. These are difficult conversations, as we knew they would be.
The Department of Education’s announcement last week of a secret shopper program to investigate the recruitment, enrollment, and financialaid practices of schools has garnered mixed reactions. While advocates of access hailed the policy, the for-profit sector and financialaid offices raised worries.
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