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Federal Student Aid has announced two additional webinars in their Wednesday Webinar Series, which cover a variety of topics related to the TitleIV programs. The webinars provide the most recent guidance from the U.S. Department of Education, including statutory and regulatory updates.
Only over a tenth of students receiving TitleIV aid (13%) who start at community colleges ultimately earn bachelor’s degrees within eight years, according to a U.S. Department of Education (ED) report.
The Department is issuing this update to remind schools that they were permitted to award TitleIV aid to a student who would otherwise be ineligible due to a prior default only during the Fresh Start… Read More » End of Fresh Start Initiative Reinstates Limited TitleIV Eligibility for Defaulted Borrowers (January 2025 Update) The post (..)
As TitleIV administrators, we’re all too familiar with the term “conflicting information.” ” It’s a staple in our daily operations in higher education, and its regulatory definition can be found in 34 CFR 668.16(f), f), 34 CFR 668.16(b)(3), b)(3), and 34 CFR 668.54(a)(2).
It emphasizes important details such what documentation that financial aid offices need to collect and when it is appropriate to request additional information… More » Reminder: TitleIV Eligibility Requirements for Unaccompanied, Homeless Youth The post Reminder: TitleIV Eligibility Requirements for Unaccompanied, Homeless Youth first appeared (..)
Department of Education announced settlement agreements with five law schools after a Federal Student Aid investigation revealed that the schools improperly disbursed TitleIV funds. million in ineligible disbursements made to 92 students across… More » Is your institution compliant with TitleIV regulations?
Miguel Cardona The department’s proposal — partly to increase oversight over distance education programs and to promote student-focused student aid programs — adds changes to the federal TRIO programs, Distance Education, and Return to TitleIV.
public two-year institutions eligible to participate in the Federal TitleIV Student aid programs and two-year public minority-serving institutions (MSIs) were encouraged to apply. Two-year public colleges are at the heart of the U.S.
Posted Date: December… Read More » Navigating the Latest Reconciliation Requirements for TitleIV Programs The post Navigating the Latest Reconciliation Requirements for TitleIV Programs first appeared on College Aid Services.
The Department of Education is reminding TitleIV institutions in a ‘Dear Colleague Letter’ of their responsibility to comply with regulations pertaining to misrepresentations, including any made by third-party service providers that they utilize.
The electronic announcement below describes the federal requirements for TitleIV institutions to disclose all related party transactions in their audited financial statements in accordance with guidance set by the AICPA.
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.
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 TitleIV program.
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).
FSA is reminding institutions that they are required to complete an annual recertification training before their Program Participation Agreements (PPA) expire to maintain their TitleIV status.
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.
. “Practices that secret shoppers will look for may include—but are not limited to—misrepresentations related to the transfer of credits… More » Secret Shoppers to Evaluate Recruitment, Enrollment Practices, and TitleIV Compliance The post Secret Shoppers to Evaluate Recruitment, Enrollment Practices, and TitleIV Compliance first appeared (..)
In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive TitleIV aid for direct assessment programs.
Department of Education, Office of Inspector General has published its new TitleIV Audit Guide, Guide for Financial Statement Audits of Proprietary Schools and For Compliance Attestation Examination Engagements of Proprietary Schools and Third-Party Servicers Administering TitleIV Programs (Guide).
TitleIV 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. 3 Deadline Nears for Schools to Request Penalty Waivers for Underused 2023-24 Awards The post Feb.
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 is reminding TitleIV 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?
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 TitleIV funding.
Volume 5 – Withdrawals and the Return of TitleIV Funds is now available on the FSA Knowledge. Federal Student Aid has published and updated several portions of the 2024-2025 Federal Student Aid Handbook. What has changed so far?
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 TitleIV aid.
In the wake of Hurricane Helene, the Department of Education has provided guidance on how to determine if a TitleIV institution is located in a federally declared disaster zone and the regulatory relief that is available to them.
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.
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 TitleIV, HEA programs.
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.
TitleIV 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. 3 Deadline Nears for Schools to Request Penalty Waivers for Underused 2023-24 Awards The post Feb.
In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive TitleIV aid for direct assessment programs.
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.
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 TitleIV aid programs.
The overall enrollment nationwide at TitleIV institutions (schools that process federal financial aid) is 8% Hispanic males and 5% Black males. The four-year graduation rate for females is at 51% with males at 41%; for Hispanic males, the rate is just 32% and 21% for Black males.
The letter outlines several potential impacts that the changes could have at institutions that participate in TitleIV programs. 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 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 TitleIV aid.
To help address this problem, beginning in 2011, federal legislation required that all TitleIV participating institutions – those receiving federal student aid funds – add a Net Price Calculator (NPC) to their websites.
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 TitleIV student financial aid programs, determining a student’s cost of attendance, and packaging TitleIV aid.
Recently, the Federal Student Aid (FSA) office released an Electronic Announcement detailing critical updates and reminders regarding the Change in Ownership (CIO) process for institutions participating in TitleIV, HEA programs. This guidance underscores documentation and reporting requirements, the Temporary … Read more .
Return to TitleIV (R2T4) remains a top 10 compliance finding year over year, and one of the most complex processes facing financial aid professionals today.
The announcement below reminds TitleIV-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.
15, 2022 Electronic Announcement we published general information regarding TitleIV aid disbursement reporting, excess cash, and reconciliation requirements. Posted: December 29, 2022 Author: Federal Student Aid Subject: William D. Ford Federal Direct Loan Program Reconciliation In a Nov.
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