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For financialaidofficers and admissions teams, this can mean lengthy back-and-forth communication, incomplete applications, or inconsistent reporting. Schools that serve international families benefit greatly from using a financialaid solution designed with accessibility and flexibility in mind.
For private and independent K–12 schools, where student records, family financial data, and tax documents converge on digital platforms, IT Directors are increasingly the guardians of both compliance and confidence. The SSS platform doesn’t just meet compliance—it facilitates it. billion in financialaid.
The latest electronic announcement outlines 2024-25 federal guidelines to determine when a FAFSA applicant qualifies for independent status as a unaccompanied youth who is homeless, self-supporting, or at risk of being homeless.
Update 8/1/24: Following its July 24th update, Federal Student Aid has clarified its guidance on resolving conflicting information for applicants or contributors that have FTI data and manually indicated that they did not file a U.S. tax return for 2022.
FinancialAidOffices can now utilize the Application Receipt Date on the 2024-25 paper FAFSA forms to determine a student’s eligibility for late disbursements using a copy of the original paper FAFSA, mailing receipts if there discrepancies.
This is particularly crucial when it comes to financialaid solutions, which often involve collecting and storing highly sensitive information. Ensuring that these systems are secure is not just about compliance—it’s about safeguarding the trust and well-being of the school community. Here’s why it matters: 1.
The 2024–25 Free Application for Federal Student Aid (FAFSA) integrates major changes in the way students will apply for Federal student aid. The new FAFSA also modifies the methods to be used by the ED to determine eligibility for aid. According to the U.S.
Speaking at a National Association of Student FinancialAid Administrators ( NASFAA ) conference in February, Melanie Storey, Director of the ED’s Office of Federal Student Aid (FSA), said that, in order to assure compliance with the Act, the ED will not be able to launch the FAFSA as usual on October 1 of this year.
These new steps include reducing verification requirements, suspending routine school compliance reviews and providing flexibility on renewing participation in the federal student aid programs. Schools will have until their expiration date to submit the recertification application.
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