Operations & Solutions Blog
Ready, Set, Launch: FAFSA Simplification This Year
Full implementation of the FAFSA Simplification Act will be completed in the 2024-2025 award year. Behind the scenes, administrators are tackling form and policy rollouts as part of the effort to make the FAFSA easier to complete.
Cohort Default Rates & Eligibility
By Rick Cox Institutions with Cohort Default Rates over 40 percent will lose eligibility for Direct Loans for the remainder of the year in which the institution is notified of the sanction, plus the next two fiscal years. If your institution has a CDR equal to or greater than 30
Audit Requirements Update
By Rick Cox Popular topics at this year's virtual Federal Student Aid conference included updates on audit requirements for financial aid offices. Here are a few updates to keep an eye out for: Cash Management for HEERF (Higher Education Emergency Relief Fund) will be tested for the first time in
COVID-19: What Now, What's Next
By Rick Cox The January 15, 2021, electronic announcement from the U.S. Department of Education includes a chart of COVID waivers. This is a great resource. Many of these waivers are still in effect. Some of the waivers will sunset at the end of the payment period in which
FTC Safeguards Deadline Extended to June 2023
For certain provisions of the updated Safeguards Rule, the Federal Trade Commission has extended the compliance deadline by six months – to June 9, 2023 – in response to reports of personnel shortages and supply chain issues, mostly due to COVID-19. The original deadline to implement these changes was December 9, 2022.
FAFSA Simplification & Recent Changes for 2023-2024
The latest requirements to help simplify the FAFSA affect Cost of Attendance and Professional Judgment. By Rick Cox The Department of Education has issued a Dear Colleague Letter on the requirements from the FAFSA Simplification Act that will be implemented for the 2023-2024 award year. Please see below for a
Q&A: Debt Relief & Eligible Loans
The U.S. Department of Education has published an FAQ with more details on student loan forgiveness, including the types of loans eligible for one-time student debt relief. Here are a few highlights from the department’s new FAQ. Q. What loans qualify for debt relief? A. Most federal student