Department of Education

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Deadline approaching for colleges to provide access to campus-based financial aid

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By Marlene Seeklander Students who need extra funds to attend college can often benefit from access to campus-based federal financial aid. Schools and colleges wanting to participate in federal campus-based programs have until late April to apply for a waiver to the requirement of providing a share of the funds for the program. The Department outlined […]

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Deadline approaching to request waiver of 2026-27 FWS program community service requirements

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By Marlene Seeklander Institutions who won’t be able to meet the community service requirements of the Federal Work Study program have until later this month to request a waiver. Schools may request a waiver from the Federal Work Study (FWS) program community service requirements if those requirements cause hardship for students. An April 1 Electronic Announcement

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Minor updates coming to the 2027-28 FAFSA

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By Marlene Seeklander The 2027-28 FASFA will include a few minor changes when it is released in the fall. At the recent Federal Student Aid (FSA) Conference that was held in Washington, D.C. on March 4-6, the Department of Education presented a session on “FAFSA Updates” to outline some of the upcoming changes to the 2027-28

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Colleges reminded about new rules for returning federal financial aid funds

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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

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Enforcement approach for audited financial statements clarified by the Department of Education

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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

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FY 2023 Draft Cohort Default Rates available

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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

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Federal student loan borrowers on SAVE repayment plan must choose a new plan soon

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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

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2026-27 processing cycle learning tracks available from Federal Student Aid

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By Marlene Seeklander Financial aid professionals have additional training resources available as they work with 2026-27 FAFSA data. Federal Student Aid (FSA) recently released several Learning Tracks that will assist financial aid professionals as they receive and review 2026-27 FAFSA data. The new Learning Tracks include: To check out these learning opportunities, log into the FSA

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Closeout deadline for 2024-25 Direct Loan Program year

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By Marlene Seeklander Schools that have not yet closed out their 2024-25 Direct Loan Program year need to make note of the upcoming closeout deadline. A March 18 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 all

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2026 FSA Training Conference session recordings now available

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By Marlene Seeklander Financial aid professionals and other industry partners who were unable to attend the recent FSA Training Conference can now view the session recordings. In a March 20 Electronic Announcement, Federal Student Aid (FSA) announced that the session recordings from the recent FSA Training Conference are now available at the following: In the announcement,

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