By Marlene Seeklander By Marlene Seeklander The Department of Education is extending an urgent “ask” of colleges to help with default prevention. In a May 5 Electronic Announcement the Department of Education reminds schools that the federal student loan programs are a shared responsibility between student borrowers, the Department, and participating schools, with borrowers having the primary […]
By Marlene Seeklander There’s good news for Direct Loan borrowers and students receiving TEACH Grant awards in the next academic year. as the Direct Loan fees and TEACH award amounts remain unchanged. A recent Electronic Announcement outlined the sequester-required increases to Direct Loan fees and sequester-required reductions in TEACH Grant award amounts. These apply to loans
Direct Loan fees and TEACH Grant award amounts set for 2025-26 Read More »
By Marlene Seeklander Colleges thinking of switching or adding accreditors should find the process easier under new guidance issued recently by the Department of Education. A May 1 Dear Colleague Letter (DCL) from James P. Bergeron Deputy Under Secretary, outlined information regarding the process to change or add an accrediting agency and to submit all materials
Department clarifies process on changing accreditors, expands options for schools Read More »
By Marlene Seeklander Financial aid professionals will – hopefully – see the return of the automated NSLDS post-screening functionality soon. A May 1 Electronic Announcement from Federal Student Aid (FSA) stated that the processing of post-screening data on Institutional Student Information Records (ISIRs) for the 2024-25 and 2025-26 FAFSA cycles should resume for all institutions the
National Student Loan Data System (NSLDS) post-screening functionality to resume Read More »
By Marlene Seeklander The Federal School Code List – a key component of the FASFA – has been updated by Federal Student Aid (FSA). A recent Electronic Announcement provided information on the most recent 2025–26 Federal School Code (FSC) List of Participating Schools. Students sometimes enter these codes on the FAFSA in order for colleges to
Most recent 2025-26 Federal School Code List now available Read More »
By Marlene Seeklander EDExpress users will want to make note of several resources that are now available for Release 2.0 of the 2025-26 software. In a recent Electronic Announcement, Federal Student Aid announced the availability of EDExpress for Windows 2025-26, Release 2.0, which is available in the Software and Other Tools area of the Knowledge Center website.
EDExpress for Windows 2025-26, Release 2.0 now available Read More »
By Marlene Seeklander There’s no room for error when it comes to complying with federal rules. To help schools comply with the 90/10 Revenue Calculation, the Department of Education created new training modules. In a recent Electronic Announcement, Federal Student Aid (FSA) said it has published six new training modules in the FSA Training Center. These
Online training for 90/10 Reporting in eZ-Audit now available Read More »
By Marlene Seeklander Borrowers with defaulted federal student loans will soon find their loans once again in collections. In an April 21 press release, the Department of Education (ED) announced that Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on May 5, 2025. Defaulted student loans have not been collected
Department of Education to resume collection of defaulted student loans Read More »
By Marlene Seeklander Financial aid professionals can learn helpful tips and guidance about submitting corrections in the FAFSA Partner Portal in an upcoming webinar. Federal Student Aid recently announced an upcoming webinar that will address navigation tips, how to resolve reject codes, and guidance on applying professional judgment, with a focus on the most common reasons
Upcoming FSA webinar – Submitting Corrections in the FAFSA Partner Portal Read More »
By Marlene Seeklander Despite the importance of students and parents completing a renewal FAFSA, it’s understandable that because of their busy lives, they still sometimes need a reminder to complete the form. In an April 23 Electronic Announcement, the Department of Education announced that between April 14 and 22 they emailed 2024-25 FAFSA filers (and parents
2025-26 FAFSA spring renewal campaign reminders sent Read More »
