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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.
FSA announced that it will resume flagging FAFSA applicants for potentially fraudulent activity on both the the 2024-25 and 2025-26 forms, which will require that schools complete V4 or V5 verification prior to disbursing any TitleIV aid.
Richard Cordray, Chief Operating Officer of Federal Student Aid, sent a letter this week to higher education leaders advising them to be ready for the impact the 2024-25 FASFA will have at their institutions. The letter outlines several potential impacts that the changes could have at institutions that participate in TitleIV programs.
The Department of Education just let us know they are about to issue a new rule that says “just kidding” on their previous “just kidding” For those of you who might need a refresher, here is where we are so far: The CARES Act is signed into law by the President on March 27, 2020. And this brings us to today.
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