College Aid Services

DECEMBER 20, 2023

The Department of Education has released the official 2023-2024 SAR Comment Codes and Text reference guide. POSTED DATE: July 22, 2022 SUBJECT: 2023–24 SAR Comment Codes and Text Guide (Updated Dec. POSTED DATE: July 22, 2022 SUBJECT: 2023–24 SAR Comment Codes and Text Guide (Updated Dec.

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Education Financial aid Higher education Compliance 105

College Aid Services

DECEMBER 8, 2023

The 2023 Virtual Federal Student Aid Training Conference occurred between November 28 and December 1. The was a record 22,400 registered participants for the four-day training conference.

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College Aid Services

JANUARY 25, 2023

Posted: January 25, 2023 Author: Federal Student Aid Subject: 2023-2024 FAFSA Verification-Internal Revenue Service (IRS) Tax Return Transcript Matrix Attached to this Electronic Announcement is the 2023-2024 FAFSA Verification-IRS Tax Return Transcript Matrix that institutions can use for 2023-2024 verification of IRS tax return information included (..)

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FAFSA Application Students Financial aid 98

Student Privacy Compass

JULY 6, 2023

Higher education institutions participating in the US Department of Education’s federal student aid programs need to be aware of recent updates to requirements to the Safeguards Rule of the Graham-Leach-Bliley Act (GLBA), which will go into effect on June 9, 2023. How do Institutions ensure compliance?

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Compliance Higher education Education Financial aid 52

College Aid Services

APRIL 4, 2024

The Department of Education has made numerous changes to the eZ-Audit reporting system as part of the 90/10 regulatory changes that went into effect on July 1, 2023 for proprietary organizations; officials expect to finish the updates by June 30, 2024.

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Compliance Education Financial aid 52

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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Title IV Compliance Education Financial aid 52

School & Student Services by Community Brands

OCTOBER 15, 2024

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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Financial aid Compliance Students Financial aid officer 52

College Planners of America

MAY 13, 2023

The 2024-25 FAFSA represents the final implementation of the rules stipulated in the FAFSA Simplification Act of 2020 , some of which have already been released in the 2122-23 and 2023-24 FAFSA’s. The 2024-25 FAFSA form will not be launched until December 2023, two months later than the traditional date.

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College Aid Services

APRIL 12, 2024

POSTED DATE: April 12, 2024 AUTHOR: Federal Student Aid ELECTRONIC ANNOUNCEMENT ID: GRANTS-24-04 SUBJECT: 2023–24 Verification Reporting and Verification Status… More » 2023–24 Verification Reporting Reminders The post 2023–24 Verification Reporting Reminders first appeared on College Aid Services.

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Grant Application Students Financial aid 52

EAB

JULY 21, 2023

Blogs Why customer service matters for community colleges Learnings and recommendations from EAB’s 2023 customer service survey I just talked to someone in registration, and they told me to call you! I’ve retold my story to two other people; can’t you see that I was here yesterday?

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College Aid Services

DECEMBER 20, 2023

The 2023-2024 ISIR Guide is now available to administrators according to a FSA electronic announcement posted on December 19th. POSTED DATE: July 22, 2022 SUBJECT: 2023–24 ISIR Guide (Updated Dec. You can view all of the revisions to the Federal Loan Servicer Codes using the link at the bottom of this article.

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College Aid Services

AUGUST 22, 2024

These payments are determined by unduplicated Pell recipients and administrators must initiate a drawdown transaction to receive the funds;… More » Processing Begins for Final 2022-23 and Second 2023-24 Pell Grant ACA Payments The post Processing Begins for Final 2022-23 and Second 2023-24 Pell Grant ACA Payments first appeared on College Aid (..)

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EAB

NOVEMBER 14, 2023

As Liam Knox of Inside Higher Ed put it , the ruling was “a vague and at times self-contradictory piece of jurisprudence that continues to frustrate colleges keen to maintain diversity without falling out of compliance.” Since the Court’s ruling did not specifically address financial aid, some have assumed that it is exempt.

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College Aid Services

AUGUST 1, 2024

The Fiscal Operations Report for 2023-24 and Application to Participate for 2025-26 (FISAP) was approved by the federal government earlier this year and the deadline to submit is Tuesday, October 1st at 11:59 p.m. ET; corrections to the report will be on December 13, 2024.

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Application Financial aid Compliance Education 105

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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Title IV Education Financial aid Students 114

EAB

JUNE 30, 2023

Improve compliance reporting IPEDS reporting (among other compliance reports) is a necessity for any institution receiving state or federal funding, but compiling and submitting IPEDS data is tedious and time-consuming. Edify uses plain-language terminology for its data fields to ensure everyone understands the data they access.

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College Aid Services

SEPTEMBER 9, 2024

Federal Student Aid has provided additional guidance for institutions who are closing out their TEACH Grant programs for 2023-2024 academic year.

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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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College Aid Services

DECEMBER 29, 2023

POSTED DATE: December 21, 2023 AUTHOR: Federal Student Aid ELECTRONIC ANNOUNCEMENT ID: GENERAL-23-120 SUBJECT: FSA Partner Connect –… More » FSA Partner Connect, E-App & TPS: Reminders and Initial Next Steps The post FSA Partner Connect, E-App & TPS: Reminders and Initial Next Steps first appeared on College Aid Services.

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Financial aid Students Compliance Education 105

College Aid Services

DECEMBER 7, 2023

DECEMBER 7, 2023 – College Aid Services, a leading provider of higher education consulting solutions, proudly announces the successful renewal of its SOC 2® Type 2 certification, demonstrating the company’s steadfast dedication to maintaining the highest standards of security and privacy in handling client data.

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Higher education Success Education Financial aid 105

College Aid Services

NOVEMBER 9, 2023

POSTED DATE: November 06, 2023 AUTHOR: Office of Postsecondary Education ELECTRONIC ANNOUNCEMENT ID:… More » Guidance for Institutions Impacted by National Emergencies in Foreign Countries The post Guidance for Institutions Impacted by National Emergencies in Foreign Countries first appeared on College Aid Services.

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Education Financial aid Compliance 104

College Aid Services

MARCH 3, 2023

On March 2nd, 2023, the U.S.

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Education Higher education Grant Financial aid 98

College Aid Services

MARCH 23, 2023

30, 2023 are eligible for resettlement assistance, entitlement programs, and… More » Eligible Noncitizen Update – Afghan Arrivals The post Eligible Noncitizen Update – Afghan Arrivals first appeared on College Aid Services. Section 2502 of the Afghan Supplemental Appropriations Act, 2022 enacted December 29, 2022 (Div.

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Financial aid Compliance 96

College Aid Services

JULY 25, 2023

Last Friday, operational guidance was released by the Department of Education on how institutions are to report Federal Work-Study earnings using the Common Origination and Disbursement (COD) system. The electronic announcement (CB-23-13) can be found on the FSA website and is also below for reference.

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College Aid Services

NOVEMBER 21, 2023

FSA has published a reminder of the general disbursement reporting, excess cash, and reconciliation requirements for all Title IV programs.

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Title IV Financial aid Students Compliance 101

EAB

OCTOBER 31, 2023

October 31, 2023. Art previously served as Deputy Assistant Secretary of the US Department of Education's Office for Civil Rights, where, in the 1990s, he led the department's development of its Title VI policy on race-conscious financial aid. The Court didn't address financial aid and scholarships.

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Financial aid Scholarship Application Higher education 64

College Aid Services

NOVEMBER 15, 2023

As a reminder, every organization enrolled for a Student Aid Internet Gateway (SAIG) account is required to review and validate its assigned TG numbers and Electronic Services user accounts by Dec. Currently, approximately 56 percent of accounts still require validation.

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Accessibility Access Students Financial aid 69

College Aid Services

OCTOBER 16, 2024

Federal Student Aid has identified a error within the National Student Loan Data System (NSLDS) that is flagging ‘independent students under the age of 24 as Dependent and creating a series of inconsistencies; primarily for the 2023-24 academic year. 15 Update) first appeared on College Aid Services.

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NSLDS Student loans Students Financial aid 52

College Planners of America

APRIL 28, 2023

However, ED requested that implementation be delayed to 2023-24 and, after a period of time, they requested that it be delayed again to 2024-25. The FAFSA for the 2024-25 admission cycle is now scheduled to open in December 2023. But I can assure you that we will launch in the fourth quarter of 2023.”

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FAFSA Financial aid Financial aid administration Financial aid officer 40

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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Title IV Application Financial aid Compliance 104