If you would like to inquire about one of our services, please submit an FA Solutions contact form or contact us directly at the email addresses below. In the meantime, please visit our website and take a look at our school partner testimonials. Thank you!
Rob Wright, firstname.lastname@example.org
Pam Notemyer Rogers, email@example.com
IMPORTANT DATES: (Please note that deadlines are always subject to change as determined by the Department of Education.)
- 02/05/18 – Reminder – Deadline to request a waiver of the 2018–19 Award Year penalty of FWS and FSEOG for the underuse of 2016–17 Award Year funds.
- 2018-2019 Award Year Deadline Dates for Campus-Based Programs are available in the Federal Register Notice.
Please review related updates below.
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.
Reminder – February 5, 2018 Deadline for 2018-19 Underuse Penalty Waiver for the Campus-Based Programs: In accordance with sections 413D(d)(2) and 442(d)(2) of the Higher Education Act of 1965 as amended (HEA), if a school returns more than 10 percent of its Federal Supplemental Educational Opportunity Grant (FSEOG) or Federal Work-Study (FWS) allocations in a given award year, the allocation for the second succeeding award year is reduced by the dollar amount returned unless the Secretary waives this provision. The deadline to request a waiver of the 2018–19 Award Year penalty of FWS and FSEOG for the underuse of 2016–17 Award Year funds is February 5, 2018. For additional information, please review the January 3, 2017 electronic announcement.
2018-2019 Award Year Deadline Dates for Campus-Based Programs: The Secretary of Education has announced the 2018-2019 award year deadline: dates for the submission of requests and documents from postsecondary institutions for the Federal Perkins Loan, Federal Work-Study (FWS), and Federal Supplemental Educational Opportunity Grant (FSEOG) programs (collectively, the “campus-based programs”). For additional information, including list of deadlines, please review the January 3, 2018, Federal Register Notice (Volume 83, #2, pages 356-358).
2016–17 Campus-Based Awards Closeout: Closeout of all 2016–17 Campus-Based program awards has been completed based on the official reporting in the Fiscal Operations Report for 2016–17 and Application to Participate for 2018–19 (FISAP). For additional information, including important information regarding the notification process related to the awards closeout, please review the January 11, 2018 electronic announcement.
Upcoming Email Notifications to FAFSA Applicants and Parents: In early 2018, Federal Student Aid (FSA) will be emailing certain Free Application for Federal Student Aid (FAFSA) applicants and parents about renewing the FAFSA form for the 2018–19 award year, using the Internal Revenue Service Data Retrieval Tool (IRS DRT), and taking advantage of the IRS Volunteer Income Tax Assistance (VITA) Program. FSA will begin sending the second round of renewal reminders to 2017–18 FAFSA filers (and parents of dependent 2017–18 FAFSA filers) who have not submitted a 2018–19 FAFSA form. Eligible students and parents who have a valid email address in the Central Processing System (CPS) will receive an email between now and early February. For additional information, please review the January 5, 2018 electronic announcement.
Updated Cybersecurity Compliance Frequently Asked Questions (FAQs) Posted: Federal Student Aid’s Senior Advisor of Cybersecurity has updated the Cybersecurity Compliance Frequently Asked Questions (FAQ) on the Cybersecurity Compliance page. This guidance clarifies some of the data security and breach questions asked during the 2017 FSA Training Conference. The January 12, 2018 electronic announcement includes a link to the compliance page.
Health Education Assistance Loan (HEAL) – Updates to Information Page: A January 11, 2018 email was recently posted for HEAL partners on the HEALinformation page regarding the HEAL Claims Document Upload Process. For additional information, please review the information page, which also includes recent and older electronic announcements Regarding the HEAL program.
Loan Servicing Information – Temporary Closures of Federal Loan Servicing Centers Due to Hazardous Weather Conditions: Federal loan servicers will implement contingency plans and remain open as much as possible when hazardous weather bears down on the area in which a servicer is located. However, if precautions must be taken to ensure personal and public safety during a hazardous weather event, an affected servicer may need to close a center early or completely to ensure that safety. For additional information, please review the January 4, 2018 electronic announcement.
Federal Family Education Loan (FFEL) Program Special Allowance Rates for the Quarter Ending December 31, 2017: For the latest FFEL rate information, please review the January 10, 2018 electronic announcement.
Availability of GA DataPrep Software, Version 4.0: An updated version of the National Student Loan Data System (NSLDS) Guaranty Agency (GA) DataPrep software is now available on the Federal Student Aid Download (FSAdownload) website. The GA DataPrep software is designed to assist GAs in reporting Federal Family Education Loan (FFEL) Program loans to NSLDS. For additional information, please review the January 11, 2018 electronic announcement.
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 staffing, financial aid processing support, and Student Experience Center. You can connect with us through our contact form, instant chat or contact us directly:
Rob Wright – (813) 435-6227 firstname.lastname@example.org
Pam Notemyer Rogers – (617) 967-7955, email@example.com
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.
- COD System – Schools are urged to regularly monitor this page, which includes COD Processing News/Updates.
- NSLDS newsletters, user guides and technical documents
- Gainful Employment
- Early FAFSA
- Cash Management
- Loan Servicing and Collection
- Perkins Loan FAQs
- 150 Percent Direct Subsidized Loan Limit Information
- Application Processing (Electronic Announcements)
- The iFAP iLibrary includes many resources — including a consolidated list of Electronic Announcements and Dear Colleague Letters for 2017, 2016, and 2015
Thank you for taking the time to review our newsletter!
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.