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End of Fresh Start Initiative Reinstates Limited Title IV Eligibility for Defaulted Borrowers (January 2025 Update)

College Aid Services

ET on October 2, 2024. Update on January 6, 2025: The Fresh Start initiative officially ended at 2:59 a.m.

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New Education Department Report Highlights 2024 Experimental Site Findings

College Aid Services

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

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FSA Announces 2024-25 Fundamentals Training Series

College Aid Services

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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FSA Announces Winter-Spring 2024 Webinar Series

College Aid Services

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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FSA Publishes Volume 5 of 2024-25 Handbook, Updates Volumes 1 and 4

College Aid Services

Federal Student Aid has published and updated several portions of the 2024-2025 Federal Student Aid Handbook. Volume 5 – Withdrawals and the Return of Title IV Funds is now available on the FSA Knowledge. What has changed so far?

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FSA letter to higher education leaders – Get ready for the 2024-25 FAFSA and changes to Federal Student Aid

College Aid Services

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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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.