By Beth Ziehmer Independence Day falls on a Thursday this year. According to the Department’s June 18 Electronic Announcement, federal offices as well as the Federal Student Aid processors and contact centers will be closed on Thursday, July 4 to observe the Independence Day federal holiday. The FAFSA Processing System will accept 2024-25 data on July […]
Federal offices to close on July 4 Read More »
By Catherine Mueller At first, it seems a little unusual – receiving an update to a FAFSA preview presentation when the 2024-25 FAFSA was released almost 6 months ago. But, then again, this year has been anything but typical. In a June 12 update to an Electronic Announcement issued last year, the Department of Education said
Updated “preview” presentation now available for the current FAFSA Read More »
By Catherine Mueller It may be an indication of the rapid change within our industry. The Department of Education last week announced the availability of the updated NSLDS Transfer Student Monitoring & Financial Aid History User Guide and Record Layouts. The last version was just issued late in 2023. The Department said this updated manual, dated
Department updates guide to monitor transfer students and their financial aid history Read More »
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 »
