When it comes to compliance with federal regulations, it’s better to find out about any issues and make corrections before it comes time for an audit.
To help financial aid professionals evaluate compliance and make necessary corrections, the Department of Education has announced the release of the 2024-2025 FSA Assessments.
FSA Assessments is a system developed to help schools evaluate compliance and implement improvements. Links to applicable laws and regulations related to policy and operational guidance are included and updated each award year.
The comprehensive list of topics include:
- Creating a Policies and Procedures Manual
- Consumer Information
- Default Prevention & Management
- Direct Loans
- Federal Perkins Loans: Cancellation, Due Diligence, Forbearance, and Deferment
- Fiscal Management
- FSEOG
- FWS
- Institutional Eligibility
- Return of Title IV Funds
- Satisfactory Academic Progress
- Student Eligibility
- Verification
Questions and suggestions concerning the Federal Student Aid Handbook can be sent through the Customer Support form in the FSA Partner Connect Help Center
