College Aid Services

NOVEMBER 1, 2024

The electronic announcement below describes the federal requirements for Title IV institutions to disclose all related party transactions in their audited financial statements in accordance with guidance set by the AICPA.

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College Aid Services

FEBRUARY 21, 2025

The Education Department released its 2024 Experimental Sites Initiative (ESI) annual report, which contains updates on current findings and experiments.

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College Aid Services

AUGUST 14, 2024

Federal Student Aid is publishing the latest information related to Program Participation Agreements (PPA), which are required documents that must be signed institutional leadership if they want to retain their status as a Title IV program.

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College Aid Services

FEBRUARY 25, 2025

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 Title IV aid.

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College Aid Services

NOVEMBER 18, 2024

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 financial aid data for Campus-Based programs for the 2023-24 academic year.

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College Aid Services

APRIL 4, 2024

Federal Student Aid is hosting a pair of webinars later this year to train administrators on the recertification process for Title IV programs, which must be submitted 90 days before the expiration of their school’s Program Participate Agreement (PPA).

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College Aid Services

FEBRUARY 15, 2024

In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive Title IV aid for direct assessment programs.

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College Aid Services

JANUARY 6, 2025

Title IV institutions have until February 3 to apply for the Underuse Penalty Waiver on the COD website to avoid reductions in their 2025-26 Federal Supplemental Educational Opportunity Grant (FSEOG) or Federal Work-Study (FWS) funds.

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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

DECEMBER 17, 2024

The Department of Education is reminding Title IV institutions of their responsibility to make their cost of attendance (COA) information readily available for prospective and current students in accordance with federal regulations. What should the COA include?

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College Aid Services

AUGUST 6, 2024

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 Title IV funds.

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College Aid Services

APRIL 13, 2023

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 Title IV programs.

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College Aid Services

DECEMBER 28, 2023

The Department of Education reiterates that institutions must have certain calculations evaluated and approved by an independent auditor to maintain their eligibility for Title IV aid. Read the complete FSA announcement below.

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College Aid Services

MAY 16, 2024

On Thursday, May 16, the Department of Education released a new Dear Colleague letter (GEN-24-07) which outlines forthcoming changes to several regulations that affect an institution’s eligibility to participate in Title IV, HEA programs.

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College Aid Services

SEPTEMBER 18, 2024

Earlier this year, the Department of Education amended regulations for mandatory and discretionary trigger reporting that went into effect on July 1 for institutions receiving Title IV funding.

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College Aid Services

DECEMBER 15, 2023

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 Title IV programs. The webinars provide the most recent guidance from the U.S.

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College Aid Services

JUNE 27, 2024

Beginning July 1st, new regulations concerning financial responsibility triggers that must be reported to the Department through the COD Document Center will go into effect for institutions that receive Title IV aid.

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College Aid Services

JANUARY 2, 2025

Title IV institutions have until February 3 to apply for the Underuse Penalty Waiver on the COD website to avoid reductions in their 2025-26 Federal Supplemental Educational Opportunity Grant (FSEOG) or Federal Work-Study (FWS) funds.

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College Aid Services

FEBRUARY 28, 2024

In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive Title IV aid for direct assessment programs.

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College Aid Services

MAY 17, 2023

The Department of Education (ED) released Dear Colleague Letter (DCL) GEN-23-03 earlier this year to ensure proper oversight of Third-Party Services that perform various functions related to institutions’ participation in Title IV aid programs.

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IHEP Institute for Higher Education Policy

OCTOBER 23, 2019

However, within the realm of higher education – where the stakes are often much higher – there isn’t the same level of transparency. By asking a few questions about a student’s academic performance and financial situation, among other things, NPCs should be able to provide a rough sketch of the student’s net price.

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College Aid Services

JUNE 14, 2024

The Department has released a detailed outline of the latest changes to the Ability to Benefit (ATB) regulations and Eligible Career Pathway Program for students without a high school diploma that want to apply for Title IV aid.

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College Aid Services

APRIL 18, 2024

Federal Student Aid has announced the publication of Volume 3 of the 2024-2025 Federal Student Aid Handbook which discusses the academic calendar, payment period, and disbursement requirements for awarding aid under the Title IV student financial aid programs, determining a student’s cost of attendance, and packaging Title IV aid.

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College Aid Services

SEPTEMBER 19, 2024

In a recent publication, Federal Student Aid released key deadlines for Title IV institutions must submit reports for the 2024-25 academic year.

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Moneyman

JUNE 12, 2020

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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College Aid Services

SEPTEMBER 26, 2024

The announcement below reminds Title IV-eligible institutions and third-party servicers that they are prohibited from making substantial misrepresentations and outlines several examples of conduct that would violate federal law.

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Moneyman

MAY 31, 2020

Colleges and universities are required by the Department of Education to provide updates 30 days after receiving HEERF Funds and every 45 days thereafter. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e.,

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Diverse: Issues in Higher Education

FEBRUARY 1, 2024

Access to high-quality higher education is perhaps the strongest path towards reversing the poisonous culture, but today, the success of males in college lags behind their female counterparts-– with ‘cis’ and ‘identified’ Black and Hispanic/LatinX male outcomes the most concerning.” . Dr. Terrell L.

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Diverse: Issues in Higher Education

FEBRUARY 28, 2023

Nebraska , from a collection of states arguing that the program hurt their potential revenues, and one, Department of Education v. The state of Missouri argued that it would be damaged by the debt forgiveness through loss of revenue to the Missouri Higher Education Loan Authority (MOHELA), a quasi-state loan servicer.

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Student Loan Hero

DECEMBER 22, 2022

If you apply early, not only will you meet all the various FAFSA deadlines, but you might also get more financial aid for college. 3 dates to know Since some financial aid is doled out on a first-come, first-served basis, it’s a good idea to submit the FAFSA as soon as you can. Here are the details you should know about….

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Diverse: Issues in Higher Education

DECEMBER 12, 2023

The National Center for Education Statistics has released data from its Integrated Postsecondary Education Data System (IPEDS) published Dec. college, university, and technical and vocational institutions eligible to participate in any of the Title IV federal student financial aid programs.

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College Aid Services

JANUARY 16, 2025

The Department of Education has updated Volume 1, Chapter 2 of the 2024-25 FSA Handbook to reflect changes in documentation requirements for Indigenous Americans born in Canada following consultations with the Department of Homeland Security (DHS).

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College Aid Services

NOVEMBER 8, 2024

The federal government published a comprehensive guide to how Title IV 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.

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College Aid Services

NOVEMBER 6, 2024

The electronic announcement below provides Title IV institutions with important information on how to submit any changes or corrections to the Fiscal Operations Report for 2023–24 and the Application to Participate for 2025–26 (FISAP). 13 FISAP Correction Deadline Nears first appeared on College Aid Services.

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College Aid Services

JANUARY 28, 2025

Yesterday, the Office of Management and Budget (OMB) announced in a memo that the Trump administration would temporarily pause funding for federal financial assistance programs, following a presidential mandate to reform government spending.

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College Aid Services

FEBRUARY 18, 2025

This directive is part of… More Education Department Issues Mandate to End Racial Preferences in Admissions Decisions, Hiring Practices The post Education Department Issues Mandate to End Racial Preferences in Admissions Decisions, Hiring Practices first appeared on College Aid Services.

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Diverse: Issues in Higher Education

MARCH 18, 2025

higher education sector from stable to negative, citing recent and potential federal policy changes that have created a more difficult operating environment for colleges and universities nationwide. Department of Education, uncertainty over federal student aid, and possible expanded taxes on endowments.

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