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What could be called the "cheat sheet" for financial aid professionals was released this week by Federal Student Aid.

On Tuesday, August 1, FSA announced the posting of the 2018-2019 ISIR Guide. The ISIR Guide assists financial aid administrators in interpreting student information on the Institutional Student Information Record (ISIR). ISIRs contain processed student information reported on the Free Application for Federal Student Aid (FAFSA^®), as well as key processing results and National Student Loan Data System (NSLDS^®) financial aid history information.

As announced earlier by FSA at the NASFAA conference this year, financial aid professionals will be responsible for submitting income corrections on the FAFSA beginning with the 2018-19 FAFSA. With the new IRS Data Retrieval Tool, to be implemented with the 2018-19 FAFSA on Oct. 1, students and parents won't be able to see the income data pulled in from the IRS and therefore won't be able to make any changes.

Learn more about the 2018-19 FAFSA by attending one of Mapping Your Future's upcoming webinars.

For more information contact Mapping Your Future at feedback@mappingyourfuture.org or 1-800-374-4072.