By Catherine Mueller After successfully completing your FAFSA, you should celebrate your accomplishment. However, don’t celebrate so much that you forget you will have other tasks to complete. One of those tasks is to review your FAFSA Submission Summary. One to three days after a student submits a 2026-27 FAFSA (and provided a valid email address), […]
Six things to check on your FAFSA Submission Summary Read More »
By Catherine Mueller It’s a good financial decision. When it comes to taking care of your financial health, there are the basics – establishing a budget, tracking income and expenses, and saving for the future – to name a few. But all that work means nothing when you become the victim of identity theft. And it
A critical step in managing your finances Read More »
By Marlene Seeklander Building your financial future can be like building a house. You need a “blueprint” or a plan in order to have a sound foundation. Create a budget Creating a budget needs to be your foundation. After all, a house without a foundation won’t stand upright very long. Make sure you account for all
Building your financial future Read More »
By Marlene Seeklander During Financial Literacy Month in April, Mapping Your Future encourages you to use its financial literacy tools and share the tools and resources with your students: Contact the Mapping Your Future staff at feedback@mappingyourfuture.org or (800) 374-4072 with any questions.
Mapping Your Future offers a variety of financial literacy tools Read More »
By Marlene Seeklander Financial aid professionals face some new requirements when it comes to returning federal funds for those students who don’t attend or withdraw. Some schools may have already implemented part of the new regulations, but in a March 27 Electronic Announcement, the Department of Education reminded schools that all changes to the R2T4 regulations
Colleges reminded about new rules for returning federal financial aid funds Read More »
By Marlene Seeklander In what may be a little break for financial aid professionals, the Department of Education recently outlined how it will enforce – or may not enforce for now – some of the requirements used to determine an institution’s financial responsibility. In a March 20 Electronic Announcement the Department provides clarification to regulatory changes
By Marlene Seeklander Financial aid professionals have a goal of helping students get funding for college. But right along with that goal is the objective of doing so in compliance with laws and regulations. Ensuring compliance with federal financial aid regulations is essential and a Policies and Procedures (P&P) manual is one of the key documents
Tips for tackling a Policies and Procedures manual Read More »
By Marlene Seeklander Schools can begin reviewing their FY 2023 draft cohort default rate information and prepare to submit any necessary appeals. The Department of Education announced the distribution of the FY 2023 draft cohort default rate (CDR) packages on March 23 to all eligible domestic and foreign schools. The information, sent to the SAIG mailbox
FY 2023 Draft Cohort Default Rates available Read More »
By Catherine Mueller Student loan borrowers on the now defunct federal SAVE plan now face a deadline for selecting a new repayment plan. If a borrower doesn’t act by the deadline later this year, they will be automatically switched to a new plan. In a March 27 announcement, the U.S. Department of Education (the Department) said
Federal student loan borrowers on SAVE repayment plan must choose a new plan soon Read More »
By Marlene Seeklander Financial aid professionals recognize that an up-to-date and complete Policies and Procedures manual is the first step in complying with federal financial aid regulations. However, because of immediate responsibilities, financial aid professionals sometimes find maintaining a Policies and Procedures (P&P) manual overwhelming. And that overwhelming feeling can be intensified when starting a new
Staying in compliance with an up-to-date Policies and Procedures manual Read More »
