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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. Katy Hall Such prohibited practices include diversity, equity, and inclusion initiatives.
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.
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.
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.
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.
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.
Resources Word In Wooden Cube Financialaid administrators 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 ».
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.
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 financialaid process.
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?
Turning Insights Into Action The Multi-Outcome Framework equips key stakeholdersincluding Provosts, VPs of Student and Academic Affairs, Academic Deans, VPs of Enrollment, Directors of Career Services, FinancialAid, and Student Lifewith actionable insights tailored to their priorities.
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.
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.
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.
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.
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.
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.
Knowing these steps ensures compliance with U.S. Understanding these options and taking timely action ensures compliance with visa regulations. Student Visa Process for International Students: Tips and Requirements appeared first on International Education and FinancialAid Blog. The post How to Navigate the U.S.
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.
These regulations require FinancialAid 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),
Is your office ready for the next compliance audit in our ever-changing financialaid 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.
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 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?
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.
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.
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.
Return to Title IV (R2T4) remains a top 10 compliance finding year over year, and one of the most complex processes facing financialaid professionals today.
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.
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.
FinancialAid 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.
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 financialaid.". How to Improve Student Outcomes.
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 following volumes were updated: Volume 3: Combination System Supplement 2025-2026 COD… More 2025-26 COD Technical Reference (March 2025 Update) The post 2025-26 COD Technical Reference (March 2025 Update) first appeared on College Aid Services.
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).
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.
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.
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.
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