Global Financial Aid Services

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Solutions for Staffing Shortages

Half of the respondents in a NASFAA member survey in spring 2022 said they were operating at 75% staffing capacity for award years 2019-2020 and 2020-2021. Global can recommend an actionable plan for your financial aid office to help with staffing shortages.

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Compliance Findings

Compliance Findings & Solutions, Part 3 of 3

Global can help your postsecondary institution resolve compliance findings. Our mission is to provide colleges with timely, accurate and client-focused solutions.

Compliance Findings

Compliance Findings & Resolutions, Part 2 of 3

Global’s Consulting support can help your postsecondary institution resolve compliance findings. Our mission is to provide colleges with timely, accurate and client-focused solutions.

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Compliance Findings

Compliance Findings & Resolutions, Part 1 of 3

Consulting support can help your institution resolve compliance findings. Our mission is to provide postsecondary institutions with timely, accurate and client-focused solutions.

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Verification

Verification in 2025-2026

The following outlines items to be verified in V1, V4 and V5 for the 2025-2026 award year.

Professional Judgments & FAFSA Simplification

The Latest Guidance on Professional Judgments

There are two types of Professional Judgments starting in 2024-2025. A student may have both types for the same award year.

Pell & Direct Loan Closeouts

In 2024, the closeout deadline for 2023-2024 Pell is September 30. The closeout deadline for Direct Loans for 2022-2023 is July 31.

Institutional Eligibility

Reminders on New Regulations Effective July 1

The reporting deadline for Gainful Employment and Financial Value Transparency has been pushed back as new regulations take effect.

2023-2024 Deadlines for Processing

All new electronic applications must be received and accepted by CPS by June 30, 2024, without exception. Corrections must be received no later than September 14, 2024.

Federal Tax Information for FAFSA filers in 2024-2025 will be governed by IRS revenue code. Photo by Unsplash.

Federal Tax Information & FAFSA Data

Tax year, filing status, AGI and other information from the IRS for FAFSA filers now falls under Federal Tax Information and more stringent requirements under the IRS code.

NSLDS Issue Resulting in Post-Screening ISIRs

About 8,200 ISIRs processed before April 7 for the 2024-2025 award year will be impacted by the issue with NSLDS that affected aggregate loan totals and limits. These ISIRs will be reprocessed later this year. ISIRs that have already been reprocessed are for the 2023-2024 award year.

FSA Conference 2023

Calculating a Federal Pell Grant

In calculating Scheduled and Annual Awards for Pell, the Scheduled Award will be the maximum amount, and the Annual Award will be the Scheduled Award adjusted for enrollment intensity.

FSA Conference 2023

FAFSA Functionality in 3 Phases

Normal processing times are expected to return after the launch of the new 2024-2025 FAFSA.

2024-2025 Verification

Verification in 2024-2025

V1, V4 and V5 will need to be verified in the 2024-2025 award year. Here are the details needed for verification groups.

FAFSA Simplification

A Recap of Changes to PJs

Changes to well-known PJ terms that defined a student’s circumstances have already been implemented under FAFSA Simplification. Requirements for institutions have changed too.

FAFSA Simplification & FTI

Defining Contributors

A FAFSA contributor will need to provide consent and a signature on the FAFSA for the transfer of income data from the IRS to the Department of Education.

Family size will be obtained from FADDX, and number in college will not be used in calculating eligibility using the SAI.

FAFSA Simplification

2024-2025 Changes: Family Size & Number in College

Family size will be obtained from FADDX, and number in college will not be used in calculating eligibility using the SAI.

FSA's new portal, FSA Partner Connect, includes an extensive redesign of the E-App. Photo by Unsplash.

FSA Partner Connect Updates

Implementation is scheduled for December for FSA’s new portal for financial aid administrators.

FAFSA Simplification

Part II: A Reference for New Terminology

Important name and system changes are taking place as full implementation gets closer for the FAFSA Simplification and FUTURE Acts.

Modern Day Superheroes: Financial Aid Officers

A tribute to the financial aid community: From a customer-service focus to analytic skills, financial aid teams help students achieve dreams.

SAI & Eligibility Calculation

Child Support to Become an Asset

The amount reported will be for the most recently completed calendar year as of the date the FAFSA is filed.

FAFSA Simplification

In a Word: A Reference for New Terminology

Key name and system changes are taking place with FAFSA Simplification. Here are befores and afters for financial aid terminology.

Family size for the FAFSA will initially be taken from the IRS tax return.

FAFSA Simplification

Reporting Family Size on the FAFSA

All applicants will be asked if the information on their IRS return reflects the current number in their household.

Policies & Procedures

Policies & Procedures: First Things First

Your college’s Policies and Procedures manual gives your team a day-to-day guide for compliance, operations and processes. A lot has changed recently that affects your manual, and it’s time to update.

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R2T4 Modules: Examining Mind-Bending Scenarios

Several factors will determine the 49 percent exemption for R2T4 and the R2T4 denominator, such as when modules take place.