By Marlene Seeklander The Department of Education released new NSLDS layout changes to help the industry prepare for the financial aid procedures required by last year’s federal budget reconciliation. On March 12, the Department of Education announced the availability of the updated NSLDS Transfer Student Monitoring & Financial Aid History User Guide and Record Layouts. A […]
By Marlene Seeklander Schools now have a user resource available to them when completing an important application process for participating in the federal aid programs. The Department of Education has created the “Application for Approval to Participate in Federal Student Financial Aid Programs User Reference Guide” for completing what is commonly referred to as the E-App.
Department of Education publishes “E-App User Guide” Read More »
By Marlene Seeklander The Department of Education released new content for the FSA Handbook and announced it will be seeking input from financial aid professionals as they “reimagine the content” of the handbook. In a March 16 Electronic Announcement, the Department announced the availability of the Appendices of the 2025-26 Federal Student Aid Handbook and said
By Catherine Mueller Nearly 8 million student loan borrowers with $180 billion federal student loans are in default, according to the latest data from the Department of Education. The number of defaulted borrowers mirrors the count from December 2019, prior to the payment pause, when 7.7 million recipients with approximately $168 billion in federal student loans
Number of student loan borrowers in default matching pre-pandemic levels Read More »
By Marlene Seeklander The Secretary of Education is seeking comments on proposed regulatory changes impacting the Federal Pell Grant program. In a Federal Register Notice published on March 9, 2026, the Secretary proposes to amend the Federal Pell Grant program regulations in order to implement changes that were part of the Budget Reconciliation Bill that was
Comments sought on proposed changes to Federal Pell Grant program regulations Read More »
By Marlene Seeklander Schools, state agencies, and vendors need to be aware of updates coming in April 2026 to various Department of Education systems resulting from the Budget Reconciliation Bill. In a March 9 Electronic Announcement, the Department of Education outlined updates that will be implemented to several Federal Student Aid (FSA) systems and the
FAFSA processing updates resulting from the Budget Reconciliation Bill Read More »
By Marlene Seeklander Financial aid industry professionals now have some of the information they need to plan development of products and services for 2026-27 award year. The Department of Education announced that they have posted a partial version of the 2026-2027 Common Origination and Disbursement (COD) Technical Reference which contains development information of interest to vendors, servicers, partners,
2026-27 Common Origination and Disbursement (COD) Technical Reference partially updated Read More »
By Marlene Seeklander EDExpress for Windows users have a new service release available that resolves two recent issues. In a February 27 Electronic Announcement, Federal Student Aid announced a new service release for EDExpress for Windows 2025–26, Release 2.0 that resolved the following issues: Users must have EDExpress 2025–26, Release 2.0 installed before running the service
EDExpress 2025-26 Service Release now available – resolves two recent issues Read More »
By Marlene Seeklander Tax preparation time is here, and, although financial aid professionals aren’t required to be tax experts, you may receive questions about the reporting of student loan interest payments. In a recent Electronic Announcement, Federal Student Aid (FSA) outlined general information about the reporting of 2025 student loan interest payments. Borrowers who made federal
Reminders on the reporting of 2025 student loan interest payments on tax returns Read More »
By Marlene Seeklander The 2024-25 Campus-Based program awards will soon be “in the books” for schools. An Electronic Announcement from the Department of Education stated that the 2024-25 Campus-Based program awards closeout will be completed by March 16. The Department uses data from a school’s Fiscal Operations Report for 2024-25 and Application to Participate for 2026-27
2024-25 Campus-Based Awards Closeout Read More »
