FinAid – Ever changing and ALWAYS challenging.
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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: Since our newsletter updates are excerpts from original electronic announcements from the Information for Financial Aid Professionals (IFAP) website, please review the update in its entirety by clicking the link to the original posting included with each update. As a reminder, we are not always able 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. The IFAP website includes helpful information pages dedicated to topics such as Gainful Employment (GE) and the COD System. Links to some of IFAP’s other information pages can be accessed at the end of this newsletter.
Important Instructions for Confirming Final Submission of Gainful Employment Completers List Corrections by June 13, 2018: All Draft GE Completers List corrections must be submitted and confirmed on the NSLDS Professional Access website by 11:59 p.m. ET on June 13, 2018 in order to be considered by the Department. After this time, the corrections submission process will no longer be available. If an institution has not yet reviewed the information on its Draft GE Completers List and has not yet submitted necessary corrections to the data, the institution should take immediate action to meet the June 13, 2018 deadline. Please review the June 6, 2018 Gainful Employment Electronic Announcement #115 for important step-by-step instructions on how to submit all Draft GE Completers List corrections. (Please note that this update did not become available until after June 5, 2018, which is the date that FA Solutions emailed out our bi-monthly newsletter to our subscribers.)
Webinar Recording Available – Submitting Draft GE Completers List Corrections in NSLDS: A recording of Federal Student Aid’s May 9, 2018 webinar regarding the Draft Gainful Employment (GE) Completers List process is now available. The webinar explains how to read and interpret the information on the Completers List and reviews the process for how institutions will submit data corrections using the NSLDS Professional Access website. As a reminder, the 45-day period for institutions to submit corrections to the Draft GE Completers Lists began on Monday, April 30, 2018 and ends at 11:59 p.m. Eastern time (ET) on Wednesday, June 13, 2018. For additional information, please review the May 25, 2018 Dear Colleague Letter (DCL ID: ANN-18-08), which includes a link to the webinar presentation slides and transcript.
Draft 2019–20 FISAP, Instructions, and Technical Reference: The Fiscal Operations Report for 2017–18 and Application to Participate for 2019–20 (FISAP) in the Campus-Based programs is currently being revised. The draft versions of the FISAP are available along with accompanying instructions and technical reference so that schools can prepare the information needed for submission of the school’s FISAP this fall. The final 2019–20 FISAP will be available in August 2018. The due date for the submission of the 2019–20 FISAP is October 1, 2018. Please review the May 21, 2018 electronic announcement for additional information.
Temporary Expanded Public Service Loan Forgiveness Opportunity Available for Limited Time: The Consolidated Appropriations Act, 2018 provided limited, additional conditions under which a borrower may become eligible for loan forgiveness if some or all of the payments the borrower made on his or her William D. Ford Federal Direct Loan (Direct Loan) Program loans were under a nonqualifying repayment plan for Public Service Loan Forgiveness (PSLF). The U.S. Department of Education (the Department) is referring to this reconsideration as the Temporary Expanded Public Service Loan Forgiveness (TEPSLF) opportunity. The TEPSLF opportunity is temporary, has limited funding, and must be provided on a first come, first served basis. Once all of the funds are used, the TEPSLF opportunity will end. Borrowers who believe they qualify for the TEPSLF opportunity are encouraged to visit the Department’s information page at StudentAid.gov/tepslf, follow the instructions for preparing a TEPSLF request email, and send their TEPSLF request email to the Department as soon as possible. Please review the May 23, 2018 electronic announcement for additional information.
FSA Publications Will No Longer Be Printed or Delivered: As the final stage of a transition away from paper publications over the past several years, after August 30, 2018, Federal Student aid (FSA) will no longer print or deliver FSA publications. You are encouraged to review your current inventory of FSA publications and, if needed, to order publications. FSA will continue to accept and fill orders received through August 30 (as inventory levels allow). FSA’s current offering of publications and resources will continue to be available electronically. The Free Application for Federal Student Aid (FAFSA) form will continue to be made available in paper form. Please review the May 23, 2018 electronic announcement for additional information.
Distribution of DHS-SAVE User IDs for Electronic Third Step Verification of Eligible Noncitizen Status: The Department of Homeland Security-United States Customs and Immigration Services (DHS-USCIS) Systematic Alien Verification for Entitlements (SAVE) program began rejecting all paper Forms G-845 (requests for third step verification) on May 1, 2018 when the process went paperless. Federal Student Aid (FSA) and DHS have completed the tasks required to transition authorized school users to the electronic process. On May 21, 2018 FSA issued the credentials required to log into the system to each Primary Destination Point Administrator (PDPA) with Central Processing System. For additional information on how PDPAs can access their credentials and the system, please review the May 24, 2018 electronic announcement. If you have missed some of the earlier updates regarding the SAVE System, please also take a look at the SAVE System Resources page on the IFAP website.
FEDERAL REGISTER NOTICES:
Notice of Proposed Rulemaking, Notification of Delay of Effective Dates for “State Authorization” Regulations: On May 25, 2018, the Department published a Notice of Proposed Rulemaking (NPRM) in the Federal Register announcing the postponement, until July 1, 2020, of the effective date of the final regulations published December 19, 2016, commonly known as the “State Authorization” regulations. The NPRM also requests public comment on the delay. The deadline for submitting comments is June 11, 2018. The regulations mainly delineate State authorization requirements for postsecondary distance education that must be met for participation in the Title IV aid programs. Please review the May 25, 2018 electronic announcement for additional information.
Hurricane and Natural Disasters – Emergency Assistance to Institutions of Higher Education Program Application –Correction by Department of Education: On May 3, 2018, the Department of Education published in the Federal Register a notice inviting pre-applications and applications for the fiscal year (FY) 2018 Emergency Assistance to Institutions of Higher Education Program, Catalog of Federal Domestic Assistance (CFDA) number 84.938T. The Department has issued another notice to make a correction to the Application and Submission Instructions. The correction is effective May 21, 2018. Please review the May 22, 2018 electronic announcement for additional information.
Availability of MyStudentData Download Guide for 2019–20 FAFSA: This Guide includes the record layout for the download file that will be available to users of the 2019-20 Free Application for Federal Student Aid (FAFSA) on FAFSA.gov. The FAFSA MyStudentData Download function allows students to download processed results from their FAFSA into a machine-readable, plain text file. This function is available to students with a valid FSA ID for whom a FAFSA has been processed. Please review the June 4, 2018 electronic announcement for additional information.
Availability of EDExpress for Windows 2018-2019, Release 2.0: EDExpress for Windows 2018-2019, Release 2.0 is now available on the Federal Student Aid Download website, and the updated version adds full Federal Pell Grant (Pell Grant), William D. Ford Federal Direct Loan (Direct Loan), and Teacher Education Assistance for College and Higher Education (TEACH) Grant functionality for the 2018–19 award cycle. Please review additional details in the May 25, 2018 electronic announcement.
Upcoming Quarterly SAIG Message Class File Update: On June 1, 2018, Federal Student Aid sent the message class “MESSAGTB” via the Student Aid Internet Gateway (SAIG) to all user mailboxes. The EDconnect transmission software will automatically request, download, and import this new message class table with a user’s next connection to the SAIG network. Once the MESSAGTB file has been imported, the new message class table will be used from that point forward. Please review the May 30, 2018 electronic announcement 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.
- 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, Dear Colleague Letters, and Federal Registers.
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