College Aid Services

FEBRUARY 8, 2024

Federal Student Aid (FSA) has released updated guidelines for how the FAFSA should be processed for underaged applicants who wish to apply for financial aid.

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FAFSA Application Compliance Financial aid 94

Diverse: Issues in Higher Education

DECEMBER 20, 2022

Augustine an extension “for good cause” due to the school showing significant recent strides in addressing non-compliance and evidence that deficiencies will be addressed within a year. Augustine was previously on probation between 2016 and 2018 due to financial issues and institutional effectiveness doubts.

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University Compliance Student financial aid Financial aid 228

College Aid Services

SEPTEMBER 12, 2023

Handling Difficult Conversations Handling Difficult Conversations Broadcast date: Tuesday, September 12, 2023 Learning how to navigate tough conversations is just as important as keeping up with regulatory requirements and maintaining compliance. Students and families are often frustrated or confused by the financial aid process.

Compliance 82

Compliance Financial aid Faculty Students 82

College Aid Services

FEBRUARY 15, 2024

The Department of Education has provided important reminders and resources for financial aid offices to ensure that their 22-23 Direct Loan data is submitted by the July 31st deadline.

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Financial aid officer Financial aid Education Compliance 96

College Aid Services

APRIL 16, 2024

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.

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Financial aid officer Financial aid Education Compliance 52

College Aid Services

FEBRUARY 9, 2024

FSA has released additional guidance for when and how financial aid offices should reconcile their institution’s federal Pell Grant funding each year; including the the process for internal as well as external reconciliations.

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Grant Financial aid officer Financial aid Instruction 80

College Aid Services

JANUARY 9, 2024

The English and Spanish FAFSA Submission Summary are now available online as a training resource for financial aid professionals. To access the documents, click the PDF links at the bottom of the FSA press release below.

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FAFSA Financial aid Access Accessibility 77

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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Financial aid Application Higher education Compliance 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

College Aid Services

FEBRUARY 17, 2023

Since June 2022, The Department of Education has separately become aware of non-compliance with limitations on the portion of an eligible academic program that can be provided by a third party.

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Compliance Education Higher education Financial aid 52

Diverse: Issues in Higher Education

FEBRUARY 13, 2024

These new steps include reducing verification requirements, suspending routine school compliance reviews and providing flexibility on renewing participation in the federal student aid programs. Our concierge service is up and running, and we’re getting ready to deploy financial aid experts to support colleges.”

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FAFSA Access Accessibility Financial aid 251

School & Student Services by Community Brands

AUGUST 11, 2022

Summer is here, which means financial aid season is just around the corner, and many of you will be opening digital piles of applications in September. Taking a proactive approach to completing your K-12 financial aid prep tasks can help ease some of the burdens. How did your forecasting compare to actual results?

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Financial aid Application Database Compliance 52

EAB

JULY 21, 2023

Our research shows that difficulty accessing the college—whether it’s reaching enrollment staff, the financial aid office, or academic advising—can be disruptive to the student experience. Essentially, by spending less time on clerical tasks, students can spend more time on their studies.

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Community college Communication Success Financial aid officer 98

Diverse: Issues in Higher Education

MARCH 1, 2023

Education Secretary Dr. Miguel Cardona The guidance clarifies when ED can require individuals to assume personal liability to allow their schools to participate in federal financial aid programs. ED expects it is most likely to impose such requirements on institutions with the most financial risk.

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Compliance Education Financial aid Higher education 185

Diverse: Issues in Higher Education

JUNE 27, 2023

The National Association of Student Financial Aid Administrators (NASFAA) has issued its final report and a toolkit for financial aid professionals across the nation in anticipation of the resumption of federal student loan repayments. Because we have responsibility over our cohort default rates as well.

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Financial aid Student loans University Financial aid administration 207

College Aid Services

APRIL 18, 2024

In addition, users will… More » COD Implementation for 2024–25, Outage Scheduled for April 20th The post COD Implementation for 2024–25, Outage Scheduled for April 20th first appeared on College Aid Services. The outage is scheduled to occur between 11 p.m. ET on April 20, 2024 and 11 a.m. ET on April 21, 2024.

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Scheduling Financial aid Compliance Education 96

College Aid Services

APRIL 11, 2024

The Department has released additional guidance for 2024-25 Aid Awards using the ISIRs affected by errors. They reaffirmed the plan to retransmit all impacted ISIRs in the coming weeks.

Financial aid 79

Financial aid Compliance Education 79

College Aid Services

APRIL 5, 2024

Institutions now have access to the newest version of the 2024-2025 Federal Student Aid Handbook, which include changes to the volumes related to managing federal aid funding and student eligibility.

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Students Access Accessibility Financial aid 62

College Aid Services

MARCH 4, 2024

Federal Student Aid has published several important changes regarding the 2024-2025 FAFSA. What changed? FSA has replaced the SAI formula that it released on February 27th with its previous iteration due to the passage of the Extension of Continuing Appropriations and Other Matters Act, 2024.

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FAFSA Higher education Financial aid Compliance 94

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 Compliance 88

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 Compliance Students Education 85

College Aid Services

DECEMBER 20, 2023

19, 2023) Note… More » Department of Education Releases Updated 23-24 ISIR Guide The post Department of Education Releases Updated 23-24 ISIR Guide first appeared on College Aid Services. The 2023-2024 ISIR Guide is now available to administrators according to a FSA electronic announcement posted on December 19th.

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Education Administration Administration Financial aid 87

College Aid Services

FEBRUARY 27, 2024

As part of their ongoing Better FAFSA support strategy, the federal government has outlined what institutions can expect over the next several days in terms of implementation support.

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FAFSA Education Higher education Financial aid 91

College Aid Services

DECEMBER 20, 2023

19, 2023) Note… More » 2023-2024 SAR Comment Codes and Text Guide Now Available The post 2023-2024 SAR Comment Codes and Text Guide Now Available first appeared on College Aid Services. The Department of Education has released the official 2023-2024 SAR Comment Codes and Text reference guide.

Education 84

Education Financial aid Higher education Compliance 84

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.

Students 86

Students Access Accessibility Financial aid 86

College Aid Services

APRIL 4, 2024

Federal Student Aid is hosting a pair of webinars later this year to train administrators on the recertification process for Title IV programs, which must be submitted 90 days before the expiration of their school’s Program Participate Agreement (PPA).

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Title IV Application Administration Administration 52

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 95

College Aid Services

FEBRUARY 20, 2024

Federal Student Aid has updated the draft 2024–25 FAFSA Specifications Guide. … More » 2024-25 FAFSA Specifications Guide (February 2024 Update) The post 2024-25 FAFSA Specifications Guide (February 2024 Update) first appeared on College Aid Services. What changed?

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FAFSA Higher education Financial aid Compliance 77

College Planners of America

MAY 13, 2023

This fact, which is expected to cause difficulties throughout the financial aid and college admissions process, is glossed over by the positive spin that the ED has adopted for the Better FAFSA Better Future Roadmap (Roadmap) that is the primary instrument for the rollout.

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FAFSA Financial aid administration Financial aid Financial aid officer 52

College Aid Services

DECEMBER 15, 2023

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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Title IV Education Financial aid Students 93

College Aid Services

JANUARY 24, 2024

POSTED DATE: January 22, 2024 AUTHOR: Federal Student Aid… More » Institutions Must Apply for Title III and Title V Designation, Waiver by 2/27 The post Institutions Must Apply for Title III and Title V Designation, Waiver by 2/27 first appeared on College Aid Services.

Education 83

Education Higher education Financial aid Compliance 83

College Aid Services

FEBRUARY 28, 2024

In a Dear Colleague letter, the Department of Education provided the requirements for institutions who want to receive Title IV aid for direct assessment programs.

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Title IV Application Administration Administration 73

College Aid Services

JANUARY 9, 2024

The Department of Education has made the 24-25 Application and Verification Guide as well as the 23-24 FSA Assessments resource available online. To obtain a digital copy of both documents, read the instructions below.

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Application Instruction Education Financial aid 85

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 Higher education Financial aid 52

College Aid Services

SEPTEMBER 7, 2023

Department of Education announced settlement agreements with five law schools after a Federal Student Aid investigation revealed that the schools improperly disbursed Title IV funds. In August, the U.S. The schools had distributed funds to students who were enrolled in unaccredited programs, resulting in nearly $2.9

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Title IV Education Financial aid Students 82

College Aid Services

JANUARY 9, 2024

FSA is conducting another set of webinars designed to answer your most pressing questions about the new FAFSA application.

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FAFSA Application Access Accessibility 103

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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FAFSA Financial aid Education Compliance 78