College Aid Services

FEBRUARY 8, 2024

Federal Student Aid (FSA) has released updated guidelines for how the FAFSA should be processed for underaged applicants who wish to apply for financial aid.

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College Aid Services

SEPTEMBER 12, 2023

Handling Difficult Conversations Handling Difficult Conversations Broadcast date: Tuesday, September 12, 2023 Learning how to navigate tough conversations is just as important as keeping up with regulatory requirements and maintaining compliance. Students and families are often frustrated or confused by the financial aid process.

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College Aid Services

MARCH 15, 2023

The secret shoppers will be used to help evaluate an institution’s recruitment, enrollment, financial aid, and other practices.

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School & Student Services by Community Brands

AUGUST 11, 2022

Summer is here, which means financial aid 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 financial aid prep tasks can help ease some of the burdens. How did your forecasting compare to actual results?

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College Aid Services

APRIL 4, 2024

These updated guidelines also apply to for-profit institutions who have “gone through or are… More » Proprietary Institutions Receive eZ-Audit Updates, Guidance for Annual Compliance Report The post Proprietary Institutions Receive eZ-Audit Updates, Guidance for Annual Compliance Report first appeared on College Aid Services.

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College Aid Services

DECEMBER 13, 2023

Department of Education’s Office of Federal Student Aid (FSA)… More » Institutions Must Maintain Appropriate Compliance Management Systems and Policies The post Institutions Must Maintain Appropriate Compliance Management Systems and Policies first appeared on College Aid Services.

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Student Privacy Compass

JULY 6, 2023

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.

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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

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

FEBRUARY 15, 2024

The Department of Education has provided important reminders and resources for financial aid offices to ensure that their 22-23 Direct Loan data is submitted by the July 31st deadline.

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Financial aid officer Financial aid Education Compliance 105

College Aid Services

FEBRUARY 9, 2024

FSA has released additional guidance for when and how financial aid offices should reconcile their institution’s federal Pell Grant funding each year; including the the process for internal as well as external reconciliations.

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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

AUGUST 8, 2024

These regulations require Financial Aid Administrators (FAAs) to establish a robust system for identifying… More » Navigating Conflicting Information in Title IV Administration The post Navigating Conflicting Information in Title IV Administration first appeared on College Aid Services. f), 34 CFR 668.16(b)(3),

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College Aid Services

JANUARY 9, 2024

The English and Spanish FAFSA Submission Summary are now available online as a training resource for financial aid professionals. To access the documents, click the PDF links at the bottom of the FSA press release below.

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College Aid Services

AUGUST 21, 2024

Is your office ready for the next compliance audit in our ever-changing financial aid world? Do your internal controls effectively identify areas of non-compliance? Learn how to identify potential areas of concern and implement improvements to enhance compliance.

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College Aid Services

NOVEMBER 12, 2024

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 Financial Aid Administrators and may cause further delays in granting aid to students.

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School & Student Services by Community Brands

OCTOBER 15, 2024

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 financial aid solutions, which often involve collecting and storing highly sensitive information.

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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

SEPTEMBER 11, 2024

Return to Title IV (R2T4) remains a top 10 compliance finding year over year, and one of the most complex processes facing financial aid professionals today.

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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 Planners of America

MAY 13, 2023

This fact, which is expected to cause difficulties throughout the financial aid 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.

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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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The University Innovation Alliance

AUGUST 11, 2022

The roots of these equity gaps in many places fall at the feet of the colleges and institutions themselves, the way we admit students, the way we advise them, the way we register them for classes, the way we package them for financial aid.". How to Improve Student Outcomes.

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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 17, 2024

The Department of Education has released the Application and Verification Guide of 2025-26 Federal Student Aid Handbook. The text is designed for financial aid professionals and counselors to help students file their FAFSA applications, make corrections, and verify information.

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College Aid Services

MARCH 16, 2023

Department of Education, Office of Inspector General has published its new Title IV Audit Guide, Guide for Financial Statement Audits of Proprietary Schools and For Compliance Attestation Examination Engagements of Proprietary Schools and Third-Party Servicers Administering Title IV Programs (Guide).

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College Aid Services

APRIL 16, 2024

Two new Gainful Employment regulations that implement greater requirements for distant education courses and limit overall program length will take effect on July 1, 2024 for schools across the country.

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EAB

NOVEMBER 14, 2023

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.” Since the Court’s ruling did not specifically address financial aid, some have assumed that it is exempt.

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College Aid Services

JULY 25, 2024

Volume 3 – Electronic Data Exchange and FAFSA Processing revisions explain that a financial aid administrator (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.

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College Aid Services

JUNE 21, 2024

Starting July 1st, Financial Aid offices will receive the NSLDS Incarcerated Student Report: a new annual report that identifies Pell Grant recipients who are incarcerated or confined without a release date.

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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

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

FEBRUARY 17, 2023

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.

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EAB

JUNE 30, 2023

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.

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College Aid Services

OCTOBER 28, 2024

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. Financial aid offices will receive the file as a GEFVCMOP message class and have until Jan.

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