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For financialaidofficers and admissions teams, this can mean lengthy back-and-forth communication, incomplete applications, or inconsistent reporting. These uploads are encrypted and protected, ensuring privacy and compliance. This matters especially when financialaid budgets are tight, and transparency is essential.
As the demands placed on college financialaid professionals continue to growyet staffing levels, budget constraints, and compliance pressures complicate traditional pathways for supportmany financialaid managers are feeling overwhelmed.
Federal Student Aid notified schools that they will transmit a revised draft of the Financial Value Transparency and Gainful Employment (FVT/GE) Completers List by October 27 through their SAIG-TG mailboxes. Financialaidoffices will receive the file as a GEFVCMOP message class and have until Jan.
FSA has released an electronic announcement to clarify how issues discovered during the 2024-25 FAFSA rollout would be treated in terms of conflicting information and the appropriate steps that FinancialAidoffices should take.
Today, the Department of Education announced that the deadline for Financial Value Transparency and Gainful Employment Reporting is being extended to January 15, 2025. This announcement provides much needed relief to FinancialAidoffices across the country who are already struggling with issues surrounding the the 2024-25 FAFSA.
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.
The Department of Education has provided important reminders and resources for financialaidoffices to ensure that their 22-23 Direct Loan data is submitted by the July 31st deadline.
FSA has released additional guidance for when and how financialaidoffices should reconcile their institution’s federal Pell Grant funding each year; including the the process for internal as well as external reconciliations.
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.
Starting July 1st, FinancialAidoffices will receive the NSLDS Incarcerated Student Report: a new annual report that identifies Pell Grant recipients who are incarcerated or confined without a release date.
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.
FSA has released an electronic announcement to clarify how issues discovered during the 2024-25 FAFSA rollout would be treated in terms of conflicting information and the appropriate steps that FinancialAidoffices should take.
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.
Two new Gainful Employment regulations that implement greater requirements for distant education courses and limit overall program length will take effect on July 1, 2024 for schools across the country.
Our research shows that difficulty accessing the college—whether it’s reaching enrollment staff, the financialaidoffice, or academic advising—can be disruptive to the student experience. 63% agreed that difficulty connecting with enrollment offices can cause current students to leave the institution.
Stakeholders include colleges, first-time applicants, students who re-apply annually, parents, state financialaidoffices, advocates for minority and disadvantaged applicants, college admissions consultants, college financialaid consultants, software and services providers, and high school guidance counselors.
What happens when a student is on the path to falling out of compliance with Satisfactory Academic Progress? Our academic advisors are in regular contact with our office of financialaid if a student is running out of eligibility for aid or falling out of compliance for their loans.
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. For more than a year, ED has educated college counselors, advisors, high school students and financialaidofficers on the new form.
The Department of Education’s announcement last week of a secret shopper program to investigate the recruitment, enrollment, and financialaid practices of schools has garnered mixed reactions. While advocates of access hailed the policy, the for-profit sector and financialaidoffices raised worries.
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