By Catherine Mueller Financial aid professionals may have noticed incorrect loan information being displayed in NSLDS for some borrowers. In a June 5 Electronic Announcement, the Department of Education said it has identified an issue on the Loan Summary page of the NSLDS Professional Access website that results in the display of incorrect loan details. “Our initial […]
Department working to resolve NSLDS display issue Read More »
By Catherine Mueller It may be a bold but necessary request in what has been a tumultuous year for federal financial aid. The Department of Education will be asking for your thoughts on how easy it is to work with Federal Student Aid. In a June 4 Electronic Announcement, the Department said an independent vendor will conduct
Department of Education wants your opinion Read More »
By Catherine Mueller As a part of the process to participate in federal financial aid programs, all postsecondary institutions must regularly renew their registration with the federal government. In a May 7 Electronic Announcement, the Department of Education said an institution’s Unique Entity ID (UEI) must be verified in the General Services administration (GSA) System for Award Management
A reminder to confirm school identity registration with the federal government Read More »
By Catherine Mueller Only a portion of postsecondary institutions are likely impacted by the regulation, but for those that could be affected, compliance is important for continued Title IV funding. In a May 6 Electronic Announcement, The Department of Education reminded schools about the regulation, effective last July, that requires schools to notify them of a change
Schools required to notify Department about change in ownership Read More »
By Beth Ziehmer New student loan borrowers will be facing higher interest rates starting July 1. To help students know the upcoming July 1 interest rates, Mapping Your Future staff recently updated several references to interest rates. The new rates were announced in a May 14 Electronic Announcement. Updates were completed on the: Contact the Mapping Your
Interest rate information updated Read More »
By Catherine Mueller Even though a FAFSA belongs to a student, the student is usually not the only person with a role in completing it. To determine who, if anyone, should contribute to their FAFSA, a student should first determine if they are considered dependent or independent. The Department of Education provides a list of personal circumstances that
Questions to determine who needs to contribute to a student’s FAFSA Read More »
By Catherine Mueller For those financial aid professionals tracking some of the known technical issues with the processing of student FAFSA records, another couple of updates were added to the list this week. The Department on May 22 added two alerts to the Technical FAQ and Known Issues Guide. The guide, which the Department says is “to
Two new issues with student FAFSA data added to technical guide Read More »
By Catherine Mueller It may not be all the help financial aid professionals need right now in dealing with changes in processes and regulations, but it may answer some questions. In a May 20 Electronic Announcement, the Department said it has received a number of policy questions from the higher education community regarding final regulations, in particular
Answers to your questions about federal regulations in effect this summer Read More »
By Catherine Mueller The job of completing reporting and application requirements to participate in Title IV financial aid programs can wait, but the materials to help institutions get ready for the project are available now. In a May 20 Electronic Announcement, the Department of Education said the Fiscal Operations Report for 2023–24 and Application to Participate for
Department posts final 2025-26 FISAP Form and related materials Read More »
By Catherine Mueller Financial aid professionals have always worked long hours but that’s been especially true the past several months. Hopefully, the upcoming holiday weekend will provide an opportunity to get away from work. Federal offices, including the Department of Education and Federal Student Aid processors and contact centers will close for the Memorial Day federal
Holiday closings offer opportunity to take much-needed break Read More »
