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Utah higher education leaders are considering steps toward compliance with a new law, HB 261 , that prohibits an institution of higher education, public education system, and governmental employer from engaging in discriminatory practices. The bill, sponsored by Utah State Rep.
FSA has released the 2025-26 College Financing Plan (CFP) to continue helping prospective students understand and compare their financialaid packages at participating institutions. The standardized form is updated annually to reflect the latest requirements and is available on the Office of Postsecondary Education’s website.
Below… More New Knowledge Center Page Consolidates FVT/GE Resources to Streamline Compliance Training The post New Knowledge Center Page Consolidates FVT/GE Resources to Streamline Compliance Training first appeared on College Aid Services.
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.
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.
Augustine an extension “for good cause” due to the school showing significant recent strides in addressing non-compliance and evidence that deficiencies will be addressed within a year. Augustine was previously on probation between 2016 and 2018 due to financial issues and institutional effectiveness doubts.
FSA has provided guidance for institutions on obtaining written consent from their students to share FAFSA data with a third party in compliance with FERPA regulations.
In a recent Electronic Announcement, Federal Student Aid (FSA) has issued guidance aimed at institutions and auditors who are tasked with evaluating institutional compliance concerning the delivery of credit balances to a student’s card or other access device under the Department of Education’s regulations at 34 C.F.R.
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.
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 FinancialAid Administrators and may cause further delays in granting aid to students.
In todays global education landscape, independent and private K12 schools are welcoming more international students than ever before. 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.
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 financialaid professionals across numerous schools; including four-year public, private, and proprietary schools.
Federal Student Aid (FSA) has released updated guidelines for how the FAFSA should be processed for underaged applicants who wish to apply for financialaid.
Higher education institutions participating in the US Department of Education’s federal student aid programs need to be aware of recent updates to requirements to the Safeguards Rule of the Graham-Leach-Bliley Act (GLBA), which will go into effect on June 9, 2023. How do Institutions ensure compliance?
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?
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.
Higher Education must also prepare and develop students to reach their goals. Ensure Financial Integrity: Financialaid teams can detect and prevent fraud, ensuring compliance and accountability while protecting institutional resources. Helping them implement more effective interventions at scale.
” It’s a staple in our daily operations in higher education, and its regulatory definition can be found in 34 CFR 668.16(f), As Title IV administrators, we’re all too familiar with the term “conflicting information.” f), 34 CFR 668.16(b)(3), b)(3), and 34 CFR 668.54(a)(2).
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 FinancialAid offices across the country who are already struggling with issues surrounding the the 2024-25 FAFSA.
The Education Department released its 2024 Experimental Sites Initiative (ESI) annual report, which contains updates on current findings and experiments.
The Department of Education has provided important reminders and resources for financialaid offices to ensure that their 22-23 Direct Loan data is submitted by the July 31st deadline.
Federal Student Aid notified schools that they will transmit a revised draft of the Financial Value Transparency and Gainful Employment (FVT/GE) Completers List by October 27 through their SAIG-TG mailboxes. Financialaid offices will receive the file as a GEFVCMOP message class and have until Jan.
The Department of Education has confirmed the 2025-26 federal funding allocations for the Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work-Study (FWS) programs. 3 Update) first appeared on College Aid Services. 3 Update) The post Final Funding Authorizations for 202526 Campus-Based Programs (Apr.
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 FinancialAid offices should take.
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.
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.
Unlike the M visa, which is for vocational studies, the F-1 visa caters specifically to academic endeavors, making it the ideal choice for those pursuing higher education in the U.S. It not only allows international students to access high-quality education in the U.S. Knowing these steps ensures compliance with U.S.
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. You can view all of the revisions to the Federal Loan Servicer Codes using the link at the bottom of this article.
This is particularly crucial when it comes to financialaid solutions, which often involve collecting and storing highly sensitive information. Ensuring that these systems are secure is not just about compliance—it’s about safeguarding the trust and well-being of the school community.
On July 1st, the Department of Education officially implemented a series of regulations as part of its commitment to providing greater oversight and transparency in Higher Education.
The Department of Homeland Security has announced that financialaid 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?
FSA has released additional guidance for when and how financialaid offices should reconcile their institution’s federal Pell Grant funding each year; including the the process for internal as well as external reconciliations.
To learn… More » Department of Education Lays Out Next Steps for 24-25 FAFSA The post Department of Education Lays Out Next Steps for 24-25 FAFSA first appeared on College Aid Services.
The English and Spanish FAFSA Submission Summary are now available online as a training resource for financialaid professionals. To access the documents, click the PDF links at the bottom of the FSA press release below.
The Department of Education has updated the Common Origination and Disbursement (COD) Technical Reference and contains development information for the 20252026 award year. Volumes 1, 2, 3, 5, 6, and 7 are currently available; the remaining section will be released later this year.
FSA has issued another important reminder to institutions regarding federal requirements for excess cash management, reconciliation, and reporting Title IV aid disbursements. Schools have until December 13, 2024 to make any changes to their financialaid data for Campus-Based programs for the 2023-24 academic year.
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.
Since June 2022, The Department of Education has separately become aware of non-compliance with limitations on the portion of an eligible academic program that can be provided by a third party.
The Department of Education is reminding Title IV institutions in a ‘Dear Colleague Letter’ of their responsibility to comply with regulations pertaining to misrepresentations, including any made by third-party service providers that they utilize.
The Department of Education has announced another extension of the submission deadline for evaluating Completers’ List and reporting data for Financial Value Transparency and Gainful Employment (FVT/GE) to September 30, 2025.
The Department of Education has released an FAQ to clarify concerns stemming from last month’s Dear Colleague Letter, which instructed institutions to cease using race preferences and stereotypes as a factor in their admissions, hiring, promotion, compensation, scholarships, prizes, administrative support, sanctions, discipline, and beyond or (..)
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