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FinAid – Ever changing and ALWAYS challenging.

If you would like to subscribe to the newsletter directly, please submit an FA Solutions contact form or reach out to us directly at one of the email addresses below.  You may also sign up for it by filling in your information at the bottom of the homepage of our FA Solutions website. Thank you!
Rob Wright,  rwright@getfasolutions.com
Pam Notemyer Rogers, pnotemyer@getfasolutions.com


Please note that deadlines and event dates noted in all of our newsletters are always subject to change as determined by the Department of Education.


Important note From FA Solutions: Because our newsletter updates are excerpts from the original electronic announcements obtained through the the Information for Financial Aid Professionals (IFAP) website, please review the original update in its entirety by clicking links to the original posting included with each update. As a reminder, we are unable to post all Federal updates and deadlines in this newsletter. Therefore, schools and organizations are strongly encouraged to review additional information on the IFAP website to stay current on various financial aid topics — especially deadlines.


Washington’s Birthday Federal Holiday Processing and Customer Service Hours: Department of Education federal offices as well as some of their Title IV processors and contact centers will be closed on February 19, 2018 to observe the Washington’s Birthday federal holiday. Please review the February 7, 2018 electronic announcement (including the attachment) for the various centers’ operation status on the holiday.

Potential Government Closure – Federal Student Aid Processing and Customer Service Guidance: In the event of a closure of the federal government (more commonly referred to as a shutdown or furlough), there will be minimal impact on students, borrowers, schools, lenders, and guaranty agencies and their ability to participate in the Title IV Programs. Please review the February 8, 2018 electronic announcement for additional information about how the Department of Education and its offices will operate during a federal government shutdown.

Program Integrity Questions and Answers (Q&A) Website Update: The Office of Postsecondary Education maintains a website containing Q&As that pertain to the Program Integrity final regulations that were published on October 29, 2010. Recently, revised Q&As were made to the verification portion of the Program Integrity website. Please review the January 31, 2018 electronic announcement for additional information.

2018-2019 Federal School Code List of Participating Schools (February 2018): The updated 2018-2019 Federal School Code (FSC) List of Participating Schools is now available. The FSC List contains the unique codes assigned by the Department of Education for schools participating in the Title IV federal student aid programs. Students enter these codes on the Free Application for Federal Student Aid (FAFSA) to indicate which postsecondary schools will receive the processed application results. The FSC List can be accessed directly from a link in a February 1, 2018 electronic announcement and on the Information for Financial Aid Professionals (IFAP) website. Schools must keep their FSC information current. Please review the announcement for additional information.

FEDERAL PELL GRANT:

2018-2019 Federal Pell Grant Payment and Disbursement Schedules: The 2018-2019 Award Year Federal Pell Grant Program Payment and Disbursement Schedules are now available and attached to a January 31, 2018 Dear Colleague Letter (DCL ID: GEN-18-01). These schedules are used for determining Federal Pell Grant awards for the 2018-2019 award year for full-time, three-quarter-time, half-time, and less-than-half-time. Please note that Public Law 115-120 expires on February 9, 2018. This law’s Pell Grant appropriation, or a similar measure, must be extended through September 30, 2018 in order to fund the award levels described above for all eligible students in 2018-2019. Please review the January 31, 2018 Dear Colleague Letter (GEN-18-01) for additional information.

Federal Pell Grant Program Reconciliation: In a November 22, 2017 Electronic Announcement Federal Student Aid (FSA) published general information regarding Title IV Aid Disbursement Reporting, Excess Cash, and Reconciliation Requirements. In addition, updated disbursement reporting and data submission timelines for all programs were published in a recent Federal Register Notice. In a related February 2, 2018 electronic announcement, FSA provides specific information to assist your school in reconciling the Federal Pell Grant (Pell Grant) Program. Both the Financial Aid Office and Business Office should review the information in the announcement regarding Pell Grant Reconciliation (internal and external) and deadlines for the Final Reconciliation of a Pell Grant Award Year.

LOANS:

Maximum HEAL Program Interest Rates for Quarter Ending March 31, 2018:  An announcement informing Health Education Assistance Loan (HEAL) Program lenders and lender servicers of new HEAL Program interest rates has been posted on the HEAL information page of the Information for Financial Aid Professionals (IFAP) website. Please review the February 1, 2018 electronic announcement for additional information.


FA Solutions Services:  There’s more to review below, but if you’re interested in learning more about FA Solutions’ services, please take a moment to reach out to us.  Ask us about our third-party financial aid processing, interim staffingfinancial aid processing supportand Student Experience Center. You can connect with us through our contact form, instant chat or contact us directly:

Rob Wright – (813) 435-6227 rwright@getfasolutions.com
Pam Notemyer Rogers – (617) 967-7955, pnotemyer@getfasolutions.com


TRAINING:

Live Internet Webinar – Correcting Reported Gainful Employment Data in NSLDS: Federal Student Aid has announced an upcoming webinar that will review how institutions report GE program data to the Department of Education using the National Student Loan Data System (NSLDS). It will also include helpful information on correcting previously-reported GE program data. The webinar is set for February 28, 2018. Please review the February 9, 2018 Dear Colleague Letter (DCL ID: ANN-18-02) for additional information.

FSA Coach Basic Training for Foreign Schools: This training is available for the 2017-18 award year as an introductory web-based tutorial focusing on federal student aid program administration in a foreign school setting. This course can be accessed on the Federal Student Aid E-Training website. Please review the February 7, 2018 Dear Colleague Letter (ANN-18-01) for additional information.

FEDERAL REGISTER NOTICE:

Comment Request for the Fiscal Operations Report for 2017-2018 and Application To Participate 2019-2020 (FISAP) and Reallocation Form: Interested persons are invited to submit comments on or before March 12, 2018. Please see the Federal Register Notice as published on February 9, 2018 for additional information.


INFORMATION PAGES FOR SCHOOLS TO MONITOR WEEKLY: The list below represents just a few of the information pages available on the IFAP website. Please review the organization’s website for additional guidance, resources, deadlines, and information related to the administration and processing of Title IV federal student aid.

Thank you for taking the time to review our newsletter!

Rob Wright

Disclaimer of Liability: Every effort is made to provide accurate and complete information in FA Solutions’ newsletters. However, FA Solutions makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of the newsletters and expressly disclaims liability for errors and omissions in the contents of its newsletters. Although FA Solutions may include links providing direct access to other Internet resources, including Websites, FA Solutions is not responsible for the accuracy or content of information contained in these sites.

 

 

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