Global Financial Aid Services

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.

Return to Title IV

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.

Student Aid Index

The New Student Aid Index

Financial aid teams are moving toward implementation of SAI, which replaces EFC. SAI will be used in the determination of a student’s eligibility and was a featured topic at NASFAA’s recent conference closing session.

FAFSA Simplification & NASFAA

FAFSA Top 10

FAFSA Simplification was one of the most popular topics at NASFAA this year. Here’s the news to know as financial aid teams head into 2024-2025.

FAFSA Simplification highlights from the 2023 NASFAA conference in student financial aid include Pell maximums and minimums,

FAFSA Simplification & NASFAA

Highlights for FAFSA Simplification

In 2024-2025, there will be no substantial changes to verification, some data will start to pre-populate and Unusual Circumstances PJs will carry forward.

Dates to Know

Financial Aid Dates to Know This Summer

Essential topics in financial aid this summer: Ongoing major changes to the FAFSA, conferences, a HEERF deadline and Institutional Eligibility.

FAFSA Simplification

Learning About FAFSA Changes

FSA-led webinars will cover important topics about revisions for the student financial aid application.

Financial aid administrators will start to report FWS earnings to COD soon.

Federal Work Study

Part II: Federal Work-Study Reporting

Reminders about job descriptions, federal share, community service and other requirements of Federal Work-Study are detailed in the second of two FWS blogs.

For 2024-2025, annual earnings for students in Federal Work jobs will be reported by financial aid administrators to COD

Federal Work Study

Part I: Reminders for Reporting Work-Study Earnings

Federal Work-Study students have previously reported their earnings on the FAFSA, but the question will be removed in 2024-2025. Starting this summer, aid administrators will report FWS earnings to COD instead.

COVID Waivers

COVID Waivers Expiring

With the end of the national pandemic, COVID-19 waivers affecting financial aid will also come to an end or phase out.

The deadline for FTC Safeguard Rules and GLBA is June 9.

FTC Safeguard Rules & GLBA

A Reminder: Deadline for FTC Safeguard Rules is June 9

Written risk assessment and encryption of sensitive information are among data security provisions due next month.

Dates to Know

A Big Year Ahead: Dates to Know

Changes in 2023 bolster student data security, expand Pell eligibility and completely revise the FAFSA. Student debt relief and the end of the COVID-19 emergency will also affect financial aid administrators this year.

Pell Eligibility

How Final Rules Affect Pell & PEPs

In July, Pell Grant eligibility will be restored to PEPs. Higher education public and private nonprofits plus vocational institutions will be able to offer programs under new final rules.