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Department of Educations Office of Federal Student Aid (FSA) has reopened the online income-driven repayment (IDR) plan and loan consolidation applications, providing a new pathway for eligible borrowers following a significant legal challenge.
The Department of Education has released the Application and Verification Guide of 2025-26 Federal Student Aid Handbook. The text is designed for financialaid professionals and counselors to help students file their FAFSA applications, make corrections, and verify information.
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.
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.
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.
Federal Student Aid (FSA) has released updated guidelines for how the FAFSA should be processed for underaged applicants who wish to apply for financialaid.
These students bring cultural diversity, academic excellence, and a broader worldview to the classroombut they also bring unique challenges when it comes to financialaid processing. For financialaid officers and admissions teams, this can mean lengthy back-and-forth communication, incomplete applications, or inconsistent reporting.
This foundational knowledge sets the stage for a successful visa application. To be eligible, applicants must demonstrate proof of financial funds sufficient to cover their tuition and living expenses while in the U.S. Preparing for Your F-1 Visa Application Thorough preparation is crucial for a successful F-1 visa application.
The Department of Education announced on December 6th that it would implement additional changes to the identity verification process for FAFSA applicants and contributors without a Social Security Number (SSN) to streamline the process for impacted users.
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 many applicants were children of staff?
The Department of Education has made the 24-25 Application and Verification Guide as well as the 23-24 FSA Assessments resource available online. To obtain a digital copy of both documents, read the instructions below.
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.
Institutions are advised to log into the COD website to review the final Campus-Based program funding worksheets, which have been calculated using the applicable statutory formula and amount of funds appropriated… More Final Funding Authorizations for 202526 Campus-Based Programs (Apr.
Institutions are advised to log into the COD website to review the final Campus-Based program funding worksheets, which have been calculated using the applicable statutory formula and amount of funds appropriated… More Final Funding Authorizations for 202526 Campus-Based Programs (Apr.
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.
The Department of Education released important details about the application process for institutions wishing to participate in the Work Colleges Program under the Federal Work-Study (FWS) Program for the 2025-26 award year.
FSA announced that it will resume flagging FAFSA applicants for potentially fraudulent activity on both the the 2024-25 and 2025-26 forms, which will require that schools complete V4 or V5 verification prior to disbursing any Title IV aid.
This guidance includes details what schools must do prior to submitting their applications, procedures if there are multiple program locations, and how to respond if offices cannot… More » Revised Application Process for Prison Education Programs Now Available The post Revised Application Process for Prison Education Programs Now Available first (..)
The Department of Education released important details about the application process for institutions wishing to participate in the Work Colleges Program under the Federal Work-Study (FWS) Program for the 2025-26 award year.
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.
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.
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.
The Department of Education has released the 2025-26 Federal Pell Grant maximum award of $7,395, with the minimum set at $740 in the Dear Colleague Letter below.
Updated March 21st The Department of Education continues to update the “Technical Frequently Asked Questions and Known Issues” to address issues for the 2024-25 and 2025-26 FAFSA applications. According to the FAQ, there are currently 3 open issues and 3 that have been resolved.
The Department of Education’s latest federal register outlines the eligibility requirements, application process, and waiver request procedures for institutions applying for funding under the Higher Education Act.
FinancialAid 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.
FSA acknowledged that this would cause significant delays for the small population of applicants who do not pass the initial identity verification… More » DHS Implements Temporary Fix to Address FAFSA Verification Backlog The post DHS Implements Temporary Fix to Address FAFSA Verification Backlog first appeared on College Aid Services.
The Fiscal Operations Report for 2023-24 and Application to Participate for 2025-26 (FISAP) was approved by the federal government earlier this year and the deadline to submit is Tuesday, October 1st at 11:59 p.m. ET; corrections to the report will be on December 13, 2024.
As Liam Knox of Inside Higher Ed put it , the ruling was “a vague and at times self-contradictory piece of jurisprudence that continues to frustrate colleges keen to maintain diversity without falling out of compliance.” universities may not simply establish through application essays or other means the regime we hold unlawful today.”
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.
Noncitizens are eligible for federal aid through the FAFSA application if they fall within specific classifications—such as permanent resident, conditional entrant, or refugee, etc.—and and provide a valid Alien Registration number that is verified by the Department of Homeland Security (DHS).
The Department of Education has released an updated timeline for launching batch institutional corrections for the 2024-25 and 2025 -26 FAFSA applications through the Electronic Data Exchange (EDE). 27 first appeared on College Aid Services. Below are the most important details from the announcement.
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.
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 (..)
Art previously served as Deputy Assistant Secretary of the US Department of Education's Office for Civil Rights, where, in the 1990s, he led the department's development of its Title VI policy on race-conscious financialaid. The Court didn't address financialaid and scholarships. It didn't address employment issues.
Federal Student Aid revealed yesterday that batch institutional corrections will be delayed until the 2025-26 because schools would not have access until after the fall semester begins and to prioritize a success rollout of next year’s FAFSA application.
The Department of Education announced it will maintain its temporary policies for applications without a SSN to access the 2024-25 FAFSA form until it can resolve the underlying issues with secondary identity verifications.
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).
FSA outlines when verification status codes (“W,” “V,” or “S”) are applicable. The electronic announcement below provides important reminders about how institutions should process students who are selected for verification. Read the full announcement below.
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 FinancialAid Administrators (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.
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. FAFSA data is also critical for the states that use it as the basis for their own awards of financialaid.
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