Remove 2023 Remove Financial aid Remove Title IV
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Feb. 3 Deadline Nears for Schools to Request Penalty Waivers for Underused 2023-24 Awards

College Aid Services

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. 3 Deadline Nears for Schools to Request Penalty Waivers for Underused 2023-24 Awards The post Feb.

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Reminder: Final Reconciliation for Campus-Based Aid Due by December 13

College Aid Services

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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Reminder: Title IV Aid: Disbursement Reporting, Excess Cash, and Reconciliation Requirements

College Aid Services

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

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Feb. 3 Deadline Nears for Schools to Request Penalty Waivers for Underused 2023-24 Awards

College Aid Services

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. 3 Deadline Nears for Schools to Request Penalty Waivers for Underused 2023-24 Awards The post Feb.

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Availability of 2023 Title IV Audit Guide for Proprietary Schools and Third-Party Servicers

College Aid Services

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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FSA Reminds Institutions of Annual Audit Requirements

College Aid Services

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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Updated Guidelines to ED’s Guidance on Third-Party Servicers: Effective Date REMOVED

College Aid Services

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.