Department of Education

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More student loan borrowers might be eligible for debt relief this fall

By Catherine Mueller If you have a federally held student loan, you might be eligible for student debt relief under draft rules that have been proposed. Borrowers will start receiving emails this week from the Biden-Harris administration, letting them know they might be eligible for student loan debt relief if the rules are finalized this fall. […]

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Reallocation of 2023-24 campus-based funds

By Marlene Seeklander The clock is ticking for schools to release any 2023-24 campus-based funds which haven’t been used. A July 18 Electronic Announcement outlines the reallocation process, the availability of the 2023-24 Campus-Based Reallocation Form, and what schools need to do to request supplemental funds for 2024-25. The Department of Education advises that schools review

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Means-Tested Benefits Outreach Guidance

By Marlene Seeklander Students who struggle with their basic needs and living expenses may benefit from direct outreach efforts about federal benefits programs. Colleges and state grant agencies can now use certain FAFSA data in their direct outreach efforts about means-tested benefits programs. These programs may assist students who struggle with their basic needs and living

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Keeping students safe on campus – schools allowed to share additional information on hate crimes

By Marlene Seeklander In response to what it says are growing concerns about acts of hate on college campuses, the Department of Education reminds schools they can share additional information about hate crimes. In a July 29  Electronic Announcement , the Department said it is committed  to tracking information about hate crimes and says schools may

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More volumes of 2024-25 FSA Handbook now available

By Marlene Seeklander If you want to update your financial aid reading list, the latest volumes of the 2024-25 Federal Student Aid Handbook have just been released by the Department of Education (ED). The July 24 Electronic Announcement from ED announced the availability of Volume 8 – The Direct Loan Program and Volume 9 – The

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2024-25 Federal School Code List of Participating Schools

By Marlene Seeklander It is an important list when it comes to federal financial aid. The Department of Education (ED) has announced the availability of the updated 2024–25 Federal School Code (FSC) List of Participating Schools. ED reminds schools of their requirement to keep school name and address information current. In the July 26 Electronic Announcement, the Department

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Professionals encouraged to update credentials on NSLDS

By Catherine Mueller A recent upgrade in NSLDS has prompted the Department of Education to recommend all professional users of the system update their credentials. In a July 22 Electronic Announcement, the Department of Education said it recently upgraded the NSLDS Reports Tool on the NSLDS Professional Access website and the upgrade resulted in invalid

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New steps in resolving conflicting information

By Catherine Mueller Coming to a resolution on some issues is not always easy. And when it comes to resolving conflicting information on a FAFSA, financial aid professionals now have some more steps to take. In a July 24 Update to June 17 Electronic Announcement, the Department of Education revised the instructions with additional steps

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Financial Value Transparency and Gainful Employment FAQs available

By Marlene Seeklander Staying on top of new regulations and getting answers to your questions can be a challenge at any time but this year it is especially true. The final regulations for Financial Value Transparency and Gainful Employment (FVT/GE) took effect on July 1, 2024, in the midst of all the FAFSA changes and challenges.

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