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Closeout deadline nearing for 2024-25 Direct Loan Program year

By Marlene Seeklander Schools that have not yet closed out their 2024-25 Direct Loan Program year will need to make note of the upcoming closeout deadline. A May 20 Electronic Announcement reminds schools that Friday, July 31, 2026, is the closeout deadline and last processing day before the end of the program year. This means that […]

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Campus-Based school testing is now available for reporting Federal Work Study wages

By Marlene Seeklander Schools can now send a test file of Federal Work Study (FWS) wages prior to sending data for real. In a recent Electronic Announcement, the Department of Education announced that the FSA Partner and School Relations Center will conduct Campus-Based school testing from May 19 through September 30, 2026, for reporting Federal Work

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Final regulations on Workforce Pell and other Pell Grant student eligibility published

By Marlene Seeklander Financial aid administrators now have access to the final regulations that impact Federal Pell Grant student eligibility and establish the new Workforce Pell program. On May 18, the Department of Education issued the final regulations in the Federal Register that have a significant impact on Federal Pell Grant eligibility. The statutory changes, which

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New volumes added to 2026-27 FSA Handbook

By Marlene Seeklander Financial aid professionals can update their financial aid reading list with the latest volumes of the 2026-27 Federal Student Aid Handbook have just been released by the Department of Education. In the May 14 Electronic Announcement, the Department announced the availability of Volume 1 – Student Eligibility and Volume 9 – The TEACH Grant Program. The Federal

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Additional volumes added to financial aid origination and disbursement guide

By Marlene Seeklander The Department of Education recently made updates to a key technical resource for schools. On May 18, the Department posted an update to the 2026–2027 Common Origination and Disbursement (COD) Technical Reference by adding Volume 3 (Combination System Supplement) and Volume 4 (Campus-Based Processing Technical Reference).   Questions can be directed to the

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Hundreds of thousands of FAFSAs selected for identity verification

By Catherine Mueller Financial aid professionals will be busy checking student identity after a few hundred thousand FAFSAs were selected for additional verification. The selection of the FAFSAs for additional identity verification follows the implementation of a new fraud detection system. On May 14, the Department added information to a April 15 announcement about the fraud

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