Latest News2019-12-17T22:21:01+00:00
FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – December 17, 2019
Newsletter topics: Newsletter topics: FSA Website & System Outages, FSA Website Consolidation, Federal Office Holiday hours, Designation of Title III or Title V status, Direct Loan Program Notice of Reconciliation for TEACH Grant Program and Faith-based Entities, COD School Testing, and various Federal Register Notices

Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. 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’ll find additional information on the IFAP website. Reminder: Deadlines and event dates are noted in our newsletters are subject to change as determined by the Department of Education.


OUTAGE ALERT – Federal Student Aid Website and System Outages December 21, 2019: On December 21, 2019, Federal Student Aid plans to complete important system work that will impact Federal Student Aid websites and systems. This work is related to the Next Gen FSA website consolidation described in the December 13, 2019 Electronic Announcement and is in addition to the regular weekly maintenance that occurs each weekend. Please review the December 16, 2019, electronic announcement for additional information.

Next Gen FSA Website Consolidation: During the weekend of December 21-22, 2019, Federal Student Aid plans to consolidate the current functionality of StudentAid.gov, StudentLoans.gov, FSAID.ed.gov, and some components of NSLDS Student Access (NSLDS.ed.gov) under one umbrella website which will be an enhanced version of StudentAid.gov. Please review the December 13, 2019 electronic announcement for additional information.

Christmas and New Year’s Day Federal Holiday Processing and Customer Service Hours: Department of Education federal offices as well as most of their Title IV processors and contact centers will be closed on Wednesday, December 25, 2019 to observe the Christmas Day federal holiday as well as on Wednesday, January 1, 2020 to observe the New Year’s Day federal holiday. In addition, some of the Title IV processors and contact centers will have additional closures on the days surrounding the holidays. Please see the December 13, 2019 electronic announcement for additional information.

Designation as a Title III or Title V Institution and Waiver of the Non-Federal Share Requirement for FWS and FSEOG for the 2020–21 Award Year:  The information in this electronic announcement is provided regarding the designation of Title III or Title V status for institutions and the resulting waiver of the non-federal share requirements for the Federal Work-Study (FWS) and Federal Supplemental Education Opportunity Grant (FSEOG) programs. Please review the December 17, 2019 electronic announcement for additional information.

William D. Ford Federal Direct Loan Program Reconciliation: In a November 19, 2019 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 (see Federal Register Volume 84, Number 212 (Friday, November 1, 2019) for the 2019–2020 deadlines).

In this announcement, FSA provides specific information to assist a school with reconciling the William D. Ford Federal Direct Loan (Direct Loan) Program. The information should be viewed by both the financial aid office and business office. Please review the December 17, 2019 electronic announcement for additional information.

Publication of the TEACH Grant Program and Faith-based Entities Notice of Proposed Rulemaking (NPRM): On December 11, 2019, the Department of Education published in the Federal Register a notice of proposed rulemaking revising the current regulations regarding the eligibility of faith-based entities to participate in the Federal Student Aid programs authorized under title IV of the Higher Education Act of 1965, as amended (HEA), and the eligibility of students to obtain certain benefits under those programs. The Secretary is also proposing to simplify the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program requirements to minimize the number of TEACH Grants that are converted to Federal Direct Unsubsidized Loans, and to update, strengthen, and clarify other areas of the TEACH Grant Program regulations. The public will have 30 days after the date of publication to provide comments through www.regulations.gov. Please review the December 11, 2019 electronic announcement for additional information.

COD School Testing for the 2020–21 Award Year from January 2, 2020 through December 18, 2020: The purpose of COD School Testing is to provide organizations (schools, third-party servicers, and software providers) an opportunity to test Federal Pell Grant (Pell Grant), Teacher Education Assistance for College and Higher Education (TEACH) Grant, and William D. Ford Federal Direct Loan (Direct Loan) business processes and system software with the COD System prior to the transmission and processing of actual production data using COD Common Record XML Schema Version 4.0d. It also allows schools, third-party servicers, and software providers the opportunity to make corrections or enhancements to software applications and processes prior to sending data to the “live” production environment.

All organizations that wish to participate in COD School Testing must submit the “COD School Testing 2020–21 Sign-Up Document” to the COD School Relations Center. The Center began accepting sign-up documents as of Monday, December 9, 2019. To ensure enough time to complete all testing before the established testing end dates, organizations must register no later than September 18, 2020. Please review the December 9, 2019 electronic announcement for additional information.

FEDERAL REGISTERS

  • 2019-12-17 Comment Request: Foreign Gifts and Contracts Disclosures
  • 2019-12-16 Annual Designation of Title III and Title V Schools and Waiver Process
  • 2019-12-11 Notice of Proposed Rulemaking – TEACH and Faith Based Institutions

Other helpful information pages: The following are a few helpful links to information pages available on the IFAP website: COD System, Gainful Employment, Cash Management, Processing Resources, FAFSA and the IRS DRT, Training Resources, and iLibrary, which includes many resources, such as a consolidated list of Electronic AnnouncementsDear Colleague Letters, and Federal Registers. Please review the IFAP 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.

FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – December 17, 2019 Newsletter topics: FSA Website & System Outages, FSA Website Consolidation, Federal Office Holiday hours, Designation of Title III or Title V status, Direct Loan Program Notice of Reconciliation for TEACH Grant Program and Faith-based Entities, COD School Testing, and various Federal Register Notices Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. Please review the entire update by clicking the link included with each posting. We’re not able
FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – December 3, 2019 Newsletter topics: Active Confirmation of SAIG Mailboxes, Disbursement Reporting, Excess Cash, and Reconciliation Requirements, IRS Tax Return Transcript Matrix, 2016 Borrower Defense Regulations, Master Promissory Note Confirmation Processes, College Scorecard Metrics by Field of Study, Federal Register Notices and various resources. (Some new updates were added to this website version of the newsletter on December 16, 2019 that were not available on December 3rd.) Note: Fed-Updates newsletter updates are excerpts from original announcements posted on
FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – November 12, 2019 Newsletter topics: FSA Website and System Outages, Thanksgiving Holiday Processing/Customer Service Hours, FSA Training Conference, Revised Policy for Standard Term Length, Single Audit Submission Requirements, Federal Perkins Loan Program Cash on Hand, FISAP Edit Corrections, Final Regulations on Accreditation and State Authorization, 2019-2020 Award Year Deadline Dates, Federal Register notices, and various resources. Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. Please review the entire update by clicking the link included
FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – October 29, 2019 Newsletter topics: Upcoming November G5 System Outage, Veterans Day Federal Holiday Processing and Customer Service Hours, FSA Systems User Access Issue, FAFSA, Perkins Loan Revolving Fund, Upcoming December deadline for Active Confirmation of TG Numbers (SAIG Mailboxes) and Electronic Services User Accounts, and various resources Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. Please review the entire update by clicking the link included with each posting.
FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – October 15, 2019 Newsletter topics: FSA Conference – Preconference Days, FAFSA, myStudentAid Mobile App, What Financial Aid Administrators Do, and various resources Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. 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’ll find additional information on the IFAP website. Reminder: Deadlines and event dates are noted in our
FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – September 24, 2019 Newsletter topics: IRS Outage Alert, Federal Student Aid Conference, FA Administrator’s Toolkit, Perkins Loan, Gainful Employment, various resources, and Federal Register notices (HEAL, Cohort Default Rates, Borrower Defense to Repayment) Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. 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’ll find additional information on
Fed-Updates Financial Aid Newsletter – September 10, 2019 Newsletter topics: FISAP,  Teach Grant Close-out Deadline, Pell Grant and Iraq and Afghanistan Service Grant Processing Deadline, Modified G5 and COD System Processing Schedule, Institutional Accountability Final Regulations, Income-Driven Repayment Application, College Financing Plan, and various resources and Federal Register postings Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. Please review the entire update by clicking the link included with each posting. We’re not able to include all Federal updates and
FedUpdatesLogo 1
Fed-Updates Financial Aid Newsletter – August 29, 2019 Newsletter topics: Transition of FSA download website content, (SULA) Calculation Updates Made in the COD System, Pell Grant Administrative Cost Allowance Payments for 2017-19 and 2018–19 Award Years, Loan Deferment for Cancer Treatment, Expected Family Contribution Formula Guide Note: Fed-Updates newsletter updates are excerpts from original announcements posted on the IFAP website. Please review the entire update by clicking the link included with each posting. We’re not able to include all Federal updates and

Get In Touch With Us Today!

Click The Button Below To Reach Out To Us Today

Get Started With Us Here