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GE & FVT Reporting Deadline Extended to January 2025

College Aid Services

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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Reminder: Title IV Eligibility Requirements for Unaccompanied, Homeless Youth

College Aid Services

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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Resolving Conflicting Information on the 2024-25 FAFSA

College Aid Services

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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Protecting Student & Family Financial Data in K-12 Private Schools

School & Student Services by Community Brands

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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Schools to Revise Updated FVT/GE Completers List; Submission Deadline Set for Jan. 15, 2025

College Aid Services

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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Reminder: Federal Pell Grant Program Reconciliation

College Aid Services

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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FSA Guide to Closeout 2022-23 Direct Loan Program

College Aid Services

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.