By Beth Ziehmer New student loan borrowers will be facing higher interest rates starting July 1. To help students know the upcoming July 1 interest rates, Mapping Your Future staff recently updated several references to interest rates. The new rates were announced in a May 14 Electronic Announcement. Updates were completed on the: Contact the Mapping Your
Interest rate information updated Read More »
By Catherine Mueller Even though a FAFSA belongs to a student, the student is usually not the only person with a role in completing it. To determine who, if anyone, should contribute to their FAFSA, a student should first determine if they are considered dependent or independent. The Department of Education provides a list of personal circumstances that
Questions to determine who needs to contribute to a student’s FAFSA Read More »
By Catherine Mueller For those financial aid professionals tracking some of the known technical issues with the processing of student FAFSA records, another couple of updates were added to the list this week. The Department on May 22 added two alerts to the Technical FAQ and Known Issues Guide. The guide, which the Department says is “to
Two new issues with student FAFSA data added to technical guide Read More »
Higher Ed News Vol. 16 – Issue 11 Interest rate information updated New student loan borrowers will be facing higher interest rates starting July 1. Questions to determine who needs to contribute to a student’s FAFSA Even though a FAFSA belongs to a student, the student is usually not the only person with a role
Mapping Your Future Higher Ed News – May 23, 2024 Read More »
By Catherine Mueller It may not be all the help financial aid professionals need right now in dealing with changes in processes and regulations, but it may answer some questions. In a May 20 Electronic Announcement, the Department said it has received a number of policy questions from the higher education community regarding final regulations, in particular
Answers to your questions about federal regulations in effect this summer Read More »
By Catherine Mueller The job of completing reporting and application requirements to participate in Title IV financial aid programs can wait, but the materials to help institutions get ready for the project are available now. In a May 20 Electronic Announcement, the Department of Education said the Fiscal Operations Report for 2023–24 and Application to Participate for
Department posts final 2025-26 FISAP Form and related materials Read More »
By Catherine Mueller Financial aid professionals have always worked long hours but that’s been especially true the past several months. Hopefully, the upcoming holiday weekend will provide an opportunity to get away from work. Federal offices, including the Department of Education and Federal Student Aid processors and contact centers will close for the Memorial Day federal
Holiday closings offer opportunity to take much-needed break Read More »
Tip of the Week The real reason to celebrate Memorial Day weekend It can be difficult to enjoy something if you know it has come about because of the sacrifice of someone else. That’s why Memorial Day weekend has always been a paradox of sorts for me. Like many people, I’ve look forward to the
Tip of the Week – May 22, 2024 Read More »
Tip of the Week Updating interest rates New student loan borrowers will be facing higher interest rates starting July 1. To help students know the upcoming July 1 interest rates, Mapping Your Future staff recently updated several references to interest rates. The new rates were announced in a May 14 Electronic Announcement. Updates were completed on
Tip of the Week – May 15, 2024 Read More »
Higher Ed News Vol. 16 – Issue 10 Brookings article recommends actions to minimize postsecondary enrollment declines caused by FAFSA problems Many have predicted the problems with the 2024-25 FAFSA will have an impact on college enrollment this fall. Accessing the 2024-25 FAFSA may be easier now for those without a Social Security number The
Mapping Your Future Higher Ed News – May 9, 2024 Read More »
