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: FA Solutions’ newsletter updates are excerpts from original electronic announcements posted on the Information for Financial Aid Professionals (IFAP) website. Please review each update in its entirety by clicking the link included with each posting. We’re not always able to post all Federal updates and deadlines in this newsletter, so please review additional information on the IFAP website to stay current on various financial aid topics — especially deadlines. As noted at the end of this newsletter, the IFAP website includes information pages dedicated to topics such as Gainful Employment (GE) and the COD System.
The FAFSA Form is Going Mobile: Federal Student Aid is pleased to announce that beginning this summer, students and parents will have two ways to complete the Free Application for Federal Student Aid(FAFSA) form; a redesigned fafsa.gov website and a mobile app. These two improvements will make it easier for students and parents to access and complete the FAFSA form on the device that works best for them, with a particular focus on improving the experience on mobile devices such as smartphones and tablets.
To assist the community with the 2018–2019 FAFSA form processing cycle, an updated Microsoft PowerPoint presentation containing information and screen shots pertaining to the redesigned 2018–2019 fafsa.gov site is available. This resource provides financial aid administrators (FAAs), mentors, and counselors with screen shots that can be used as a reference tool for the 2018–2019 fafsa.gov site. This FAFSA resource can be used for internal staff training or for high school night presentations. For additional information regarding the redesigned fafsa.gov website, and to access the PowerPoint presentation, please review the July 24, 2018, electronic announcement.
2018–19 Supplemental Campus-Based Funds: Federal Student Aid (FSA) has issued an electronic announcement to explain how 2018–19 supplemental award funds for each of the Campus-Based programs will be distributed and how schools will be notified of supplemental awards. Other than funds distributed through the supplemental process described in this announcement, FSA does not anticipate that any additional Campus-Based funds will become available for the 2018–19 Award Year. Please review the August 2, 2018, electronic announcement for additional information.
Online Training Module – Completing the 2019-2020 FISAP: Federal Student Aid has made available an online training module that can assist schools with completing the Fiscal Operations Report for 2017–18 and the Application to Participate for 2019–20 (FISAP). The training is intended for financial aid and business office staff who are responsible for completing the FISAP, especially those who are new to completing the form. As a reminder, the FISAP is available on the Common Origination and Disbursement (COD) Web Site, and it must be submitted no later than October 1, 2018 by schools that participate in the Federal Perkins Loan (Perkins Loan) Program, Federal Supplemental Educational Opportunity Grant (FSEOG) Program, and Federal Work-Study (FWS) Program. Please review the August 1, 2018, Dear Colleague Letter (DCL ID: ANN-18-10).
Information and Reporting Reminders for the Fiscal Operations Report for 2017–18 and Application to Participate for 2019–20 (FISAP): The FISAP for 2017–18 and Application to Participate for 2019–20 (FISAP) is now available on the Common Origination and Disbursement (COD) Web Site. Schools that had Campus-Based expenditures for the 2017–18 Award Year and schools that wish to request funding under the Campus-Based programs for the 2019–20 Award Year are required to electronically submit a FISAP via the COD Web Site. The deadline for the electronic submission of the FISAP is 11:59 p.m. Eastern time (ET) on October 1, 2018. Transmission must be completed by midnight. Federal Student Aid has posted an August 1, 2018 electronic announcement with important reminders and guidance for completing the FISAP. Guidance for Hurricane-impacted Schools and Schools that Received Supplemental Funds due to the Hurricanes is also included in the announcement.
Federal Student Aid School Partners Web Survey – As part of Federal Student Aid’s (FSA) efforts to ensure that it and the Department of Education provide the best services possible to their school partners and, in turn, support the school community in administering the Title IV programs for students, FSA has implemented a School Partners Survey. The web survey will be used to assess the performance of both organizations in terms of the ease with which schools are able to do business with each entity. An independent vendor, CFI Group, is currently contacting a random sample of school financial aid administrators via e-mail and provide a link to the web survey. Please review the July 30, 2018, electronic announcement for additional information.
Reminder – Update on Printing and Distribution of FSA Publications: After August 30, 2018, Federal Student Aid (FSA) will no longer print or deliver FSA publications. This is the final stage of a transition away from paper publications over the past several years. We encourage you to review your current inventory of FSA publications and, if needed, to order publications at FinancialAidToolkit.ed.gov/orderpubs. FSA will continue to accept and fill orders received through August 30 (as inventory levels allow). Please review the August 6, 2018, electronic announcement for additional information.
2018—19 Federal School Code List of Participating Schools (August 2018): The updated 2018—19 Federal School Code (FSC) List of Participating Schools is now available on the Information for Financial Aid Professionals (IFAP) website. The Federal School Code 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. Please review the August 1, 2018, electronic announcement for additional information.
The 2019-2020 Electronic Data Exchange (EDE) Technical Reference: This resource provides programmer specifications, record layouts, and other detailed information for schools and other organizations that need to design software systems to interface with Federal Student Aid’s application processing system. Please review the July 30, 2018, electronic announcement for additional information.
2019-2020 SAR Comment Codes and Text Guide: This resource is designed as a stand-alone guide, as well as a companion to the 2019-2020 EDE Technical Reference. The Guide includes a description of changes to the Student Aid Report (SAR) comments for 2019–20, and also provides the complete text for all 2019–20 comments. Please review the July 30, 2018, electronic announcement for additional information.
Due to limited space in FA Solutions’ Fed-Updates Newsletter, only the titles and links to Federal Register notices and related electronic announcements are provided here.
- August 2, 2018 – Annual Updates to the Income Contingent Repayment (ICR) Plan Formula for 2018 – https://ifap.ed.gov/fregisters/FR080218.html
- July 31, 2018 – Negotiated Rulemaking Committee; Public Hearings –https://ifap.ed.gov/fregisters/FR073118NegotiatRuleCommitPublicHearings.html
- July 31, 2018 – Notice of Proposed Rulemaking on the Institutional Accountability Regulations, including Defense to Repayment, under Title IV of the Higher Education Act of 1965, as amended – https://ifap.ed.gov/fregisters/FR073118NPRM.html
- July 31, 2018 – electronic announcement – Negotiated Rulemaking, Intent to establish a negotiated rulemaking committee – https://ifap.ed.gov/eannouncements/073118NegotiatRuleCommitPublicHearings.html
- July 31, 2018 – Notice of Proposed Rulemaking on the Institutional Accountability Regulations, including Defense to Repayment, under Title IV of the Higher Education Act of 1965, as amended – https://ifap.ed.gov/eannouncements/073118NPRMInstAccntRegDefRepaymnt.html
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.