If you would like to subscribe to the newsletter, please reach out to us directly or fill in your information at the bottom of the homepage of our FA Solutions website. Thank you!
Rob Wright, email@example.com
Pam Notemyer Rogers, firstname.lastname@example.org
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: FA Solutions‘ Fed-Updates Newsletter updates are excerpts from original announcements posted on the IFAP website so please review the entire update by clicking the link included with each posting. We’re not able to include all Federal updates and deadlines, but you will find additional information on the IFAP website.
OUTAGE ALERT – IRS DRT Outages on January 12, 2019: The Internal Revenue Service (IRS) Data Retrieval Tool (DRT) will be unavailable on Saturday, January 12, 2019, from 6 a.m. to Noon ET, as the IRS completes critical system upgrades. During these outage periods, users may access fafsa.gov, the myStudentAid mobile app, and StudentLoans.gov. However, if an action requires entry of federal tax information, the tax information will need to be provided manually. Applicants may wish to complete the application after the outage is over. Please review the January 3, 2019 electronic announcement for additional information.
Impact of Partial Government Shutdown on FSA: Federal Student Aid (FSA) is not directly impacted by the current lapse in appropriations and the resulting partial government shutdown. However, some of FSA’s systems and processes depend on information from—and actions taken by—other federal agencies, several of which are currently closed. FSA is evaluating what impact these closures may have and are working to limit the impact on its partners. FSA will issue guidance to the community as soon as possible, as needed. Please review the January 3, 2019 electronic announcement for additional information.
Reminder – Deadline for 2019-20 Underuse Penalty Waiver for the Campus-Based Programs is February 4, 2019: The deadline to request a waiver of the 2019–20 Award Year penalty of Federal Work Study and Federal Supplemental Educational Opportunity Grant for the underuse of 2017–18 Award Year funds is February 4, 2019. This deadline was announced in the “2018–2019 Award Year Deadline Dates for Campus-Based Programs,” published in the Federal Register on January 3, 2018 (83 FR 356). Please review the January 7, 2019 electronic announcement for additional information.
2019-20 myFAFSA Preview Presentation: Federal Student Aid has made a Microsoft PowerPoint presentation available that contains information and screen shots pertaining to myFAFSA. The purpose of the presentation is to provide financial aid administrators (FAAs), mentors and counselors with screen shots that can be used as a reference tool for the 2019-20 myFAFSA component of the myStudentAid mobile app. Schools are encouraged to use the information for internal staff training or other outreach activities. For additional information, please review the December 19, 2018 electronic announcement.
Federal Student Aid Posts New Reports to FSA Data Center: Today, Federal Student Aid (FSA) released a series of updates to the quarterly application, disbursement, and portfolio reports on the FSA Data Center to include data through Sept. 30, 2018. FSA proactively posts these reports in support of open government initiatives to help ensure consistency, increase transparency, and establish self-service opportunities for stakeholders. The reports cover the following topics:
- Outstanding Loan Portfolio Overview
Application Volume .
- Income-Driven Repayment Enrollment
- New Defaults and Delinquencies
- Borrower Defense to Repayment Report
- Public Service Loan Forgiveness Report
Please review the December 20, 2018 electronic announcement for additional information.
R2T4 Transition #1 Preliminary Information – R2T4 Functions to Move to COD System in 2019: As part of Federal Student Aid’s (FSA) ongoing effort to improve efficiency and simplify our Title IV systems and processes, FSA has identified an opportunity to remove Return of Title IV (R2T4) on the Web from FAA Access to CPS Online and implement a new solution within the Common Origination and Disbursement (COD) System. The transition will begin in spring 2019. FSA has issued another announcement to provide the community with information about its high-level implementation plans for the R2T4 transition. Schools will experience no change in R2T4 processing until 2019. Schools will continue to use the current R2T4 on the Web application until the new solution is implemented in the COD System. Note: R2T4 on the Web will eventually be removed from FAA Access to CPS Online in a future release. Accordingly, schools should begin using the R2T4 module in the COD System once it is implemented. As the transition occurs, FSA will provide operational guidance and updates through Electronic Announcements posted to the Information for Financial Aid Professionals (IFAP) website. Please review the December 20, 2018 electronic announcement for additional information.
Enhancements to NSLDS MyStudentData Download Functionality: The National Student Loan Data System (NSLDS) “MyStudentData Download” functionality was enhanced on the NSLDS Student Accesswebsite on December 23, 2018. MyStudentData Download allows students to download their loan, grant, enrollment, overpayment, and program enrollment information from NSLDS into a machine-readable, plain text file. For additional information, please review the December 19, 2018 electronic announcement.
NSLDS MyStudentData Download File Layout: To access the file layout, please review the December 19, 2018 electronic announcement.
NOTE: Due to limited space in FA Solutions’ Fed-Updates Newsletter, only the titles and links to the updates below are provided here.
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.
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.