Department of Education

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Colleges reminded about what constitutes misrepresentation to students

By Marlene Seeklander Colleges that cross the line from communicating the value of their programs into misrepresentation could face fines or be limited in their participation of federal financial aid programs. The Department of Education released a bulletin informing Title IV-eligible schools and third-party servicers of the examples of conduct that creates a risk of […]

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Secretary of Education letter on improving the FAFSA experience

By Marlene Seeklander In an effort to improve communication with schools and colleges, the Department of Education recently sent an update to key leadership at postsecondary institutions, outlining their work to improve the FAFSA. On September 23, the Department announced that Secretary of Education, Miguel Cardona sent a letter to presidents and chancellors to provide an

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2024-25 award year deadline dates announced

By Marlene Seeklander When it comes to the administration of federal financial aid programs, deadlines are part of the job. In a September 18 Federal Register Notice, the Department of Education announced the 2024-24 Award Year deadline dates for documents and other information from applicants and schools participating in the Federal student aid programs. Programs

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FY 2021 national default rate briefing released

By Marlene Seeklander Impacted by the pandemic pause on student loan repayments, the national student loan default rate remains at 0% for the second year in a row. The Department of Education (ED) released their FY 2021 national default briefing and, as expected, the FY 2021 cohort default rates were affected by the pause on

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Students can complete the 2025-26 FAFSA in December

By Catherine Mueller Students seeking financial aid for the 2025-26 academic year should plan to complete the FAFSA after December 1, 2024. Normally, the FAFSA is released on October 1, but the U.S. Department of Education is delaying the release of the FAFSA to have time for more testing. The testing is aimed at avoiding some

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Updated deadline for Financial Value Transparency and Gainful Employment reporting

By Marlene Seeklander Financial aid professionals can remove one deadline from an already busy fall calendar. The Department of Education announced that schools will have until January 15, 2025, to report required information and review the Completers Lists under the Financial Value Transparency (FVT) and Gainful Employment (GE) rules. The Department recognized that the additional

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Another opportunity to test the 2025-26 FAFSA now available

By Marlene Seeklander Schools, colleges, and organizations can now apply to be a part of the next couple of rounds of testing for the 2025-26 FAFSA. The Department of Education announced that community-based organizations, high schools, school districts representing multiple schools, county and state organizations, and higher education institutions can submit an interest form to participate

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Reminder: FISAP deadline October 1, 2024

By Marlene Seeklander The clock is ticking for a critical deadline for financial aid administrators. The Department of ED reminded schools that the deadline for submitting the Fiscal Operations Report for 2023-24 and the Application to Participate for 2025-26, also known as the FISAP, is October 1. Schools requesting Federal Supplemental Educational Opportunity Grant (FSEOG) or

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2025-2026 FAFSA information to be verified and acceptable documentation

By Marlene Seeklander More tools are available for your 2025-26 award year planning. A recent Dear Colleague Letter from the Department details the changes in verification for 2025-26 and provides suggested text for schools to use. According to the Department, the verification process for 2025-26 is essentially unchanged. Federal tax information (FTI) transferred via the FA-DDX

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Upcoming FSA Wednesday Webinars

By Marlene Seeklander More training opportunities from the convenience of your office are coming your way. A recent announcement from Federal Student Aid (FSA) reminds schools of two upcoming Wednesday Webinars. These include the Federal Update on September 25 and Finding Answers Using FSA Resources on October 30. No registration is required for the webinars as

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