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Federal Need Analysis Methodology updated for the 2026-27 Award Year

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By Marlene Seeklander To keep pace with the cost of living, the Department of Education recently updated the numbers used in determining whether a student qualifies for need-based federal financial aid. In a September 24 Dear Colleague Letter, the Secretary of Education announced the annual updates to the tables used in the Federal Needs Analysis […]

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FY 2022 national default rate briefing released

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By Marlene Seeklander The national student loan default rate remains at 0% for the third year in a row. The Department of Education (ED) released their FY 2022 national default briefing and, as expected, the FY 2022 cohort default rates were affected by the pause on federal student loan payments that began in March 2020.

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Launch of the 2026-27 FAFSA is the earliest in the program’s history

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By Marlene Seeklander The 2026-27 Free Application for Federal Student Aid (FAFSA) is now available for all students to complete. The availability of the FAFSA – a week ahead of the official release date of October 1 – is what the Department of Education (ED) said is the earliest launch of the FAFSA in the program’s

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Five reasons you should complete the FAFSA

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By Catherine Mueller Completing the Free Application for Federal Student Aid (FAFSA) can make the difference when it comes to pursuing your dreams for the future. For many students, who couldn’t otherwise afford the cost of an education, the FAFSA makes it possible. Here are some reasons why you should complete the 2026-27 FAFSA now that it

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Tip of the Week – September 24, 2025

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Tip of the Week Remember, you’re not superhuman Sometimes we may feel superhuman or others may expect us to be superhuman. As another academic year settles in, a long “To Do” list continues. For financial aid administrators, this list includes some important reporting deadlines, along with information that may be requested of you by your

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2024-25 award year deadline dates published by Department of Education

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By Marlene Seeklander Financial aid professionals who are facing several reporting deadlines with the end of the federal fiscal year may not want to hear any more about upcoming deadlines. However, in a September 18 Federal Register Notice, the Department of Education announced the 2024-25 Award Year deadline dates for reports and other information from

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Mapping Your Future Higher Ed News – September 18, 2025

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Higher Ed News Vol. 17 – Issue 19 Reminder: FISAP deadline October 1, 2025 The clock is ticking for a critical deadline for financial aid administrators. Impact of end of Federal Fiscal Year 2025 on federal financial aid systems The Department of Education last week alerted financial aid professionals about the upcoming end to the

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2024-25 TEACH Grant Closeout additional information

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By Marlene Seeklander Schools participating in the TEACH Grant program will want to check out the additional information available for the 2024-25 TEACH Grant Closeout. In a recent Electronic Announcement, the Department of Education provided some reminders and additional information for colleges that need to complete the 2024-25 TEACH Grant Closeout by the September 30, 2025

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