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Department of Education announced settlement agreements with five law schools after a Federal Student Aid investigation revealed that the schools improperly disbursed TitleIV funds. The schools had distributed funds to students who were enrolled in unaccredited programs, resulting in nearly $2.9
Federal Student Aid’s Office of Enforcement announced that it will add the use of secret shoppers to it’s toolbox. The secret shoppers will be used to help evaluate an institution’s recruitment, enrollment, financial aid, and other practices.
Federal Student Aid is hosting a pair of webinars later this year to train administrators on the recertification process for TitleIV programs, which must be submitted 90 days before the expiration of their school’s Program Participate Agreement (PPA).
These reports are designed to test the impact of regulatory flexibilities in TitleIV aid programs, review important topic such as Pell grants for incarcerated students, Federal Work-Study programs, and competency-based education.
Federal Student Aid has created a new training series that focuses on rudimentary topics such as how schools request funds from the Department of Education, reporting requirements, and institutional eligibility for TitleIV funds.
The Department of Education reiterates that institutions must have certain calculations evaluated and approved by an independent auditor to maintain their eligibility for TitleIV aid. Read the complete FSA announcement below.
Federal Student Aid has announced an additional set of webinars in their Wednesday Webinar Series, a series of live webinars which cover a variety of topics related to the TitleIV programs. The webinars provide the most recent guidance from the U.S.
FSA has issued another important reminder to institutions regarding federal requirements for excess cash management, reconciliation, and reporting TitleIV aid disbursements. Schools have until December 13, 2024 to make any changes to their financial aid data for Campus-Based programs for the 2023-24 academic year.
Headlines about student debt and poor student outcomes have prompted federal attention. The Department reevaluated this exception due to “the growth in online enrollment and associated federal student debt” since its inception in 2011. What was not expected, however, was their expansion of the third-party servicer definition.
These new regulations will not affect Native Americans students who claimed TitleIV eligibility under the Jay Treaty and… More FSA, in Collaboration with DHS, Revises TitleIV Eligibility Guidelines for Canadian-Born Indigenous Americans The post FSA, in Collaboration with DHS, Revises TitleIV Eligibility Guidelines for Canadian-Born Indigenous (..)
The federal government published a comprehensive guide to how TitleIV institutions state grant agencies, and contractors can utilize personally identifiable information that they receive from the FAFSA Application. of Education Issues Guidance on Handling FAFSA Data When Administering Student Aid The post Dept.
trillionfederal student loan portfoliofrom the U.S. Beyond the headlines, the proposal represents a deliberate dismantling of the federal student aid infrastructure that has long supported students needing help to pay for college. The Federal Student Aid (FSA) office is not just a loan servicer.
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