FAFSA simplification to be completed by 2024-2025; some measures implemented early, including Repeal of SULA By Rick Cox In a step toward simplification of the FAFSA, the FUTURE Act allows data sharing between the Internal Revenue Service and the Department of Education. This will be used for: · The FAFSA; · Calculating

By Rick Cox The FUTURE Act, which will help simplify the application for college student aid, allows data sharing between the U.S. Department of Education and the Internal Revenue Service. The requirements of this act will be implemented in phases until full implementation is achieved in the 2024-2025 award

New website available in spring, plus more NSLDS updates By Rick Cox The Department of Education plans to introduce the new NSLDS website in spring 2022. The existing URL and login credentials will still be valid and will be used for accessing the National Student Loan Data System. When the

Resources for Constitution Day: Federally funded educational institutions must provide educational programs for students on Sept. 17 about the U.S. Constitution By Brenda Walton What is Constitution Day? Constitution Day is observed every year on September 17 to honor the signing and adoption of the Constitution of the United

Only high school completion status will not be a verification item; FAFSA information to be verified for the 2022-2023 award year By Rick Cox On September 1, 2021, the Department of Education announced that verification requirements will return for the 2022-2023 award year. This is a comprehensive article on verification

Summary level reporting for Return to Title IV funds not returned because of CARES Act relief must be posted no later than September 30, 2021. The reporting page on the COD website is available now. Information should be reported by program type (i.e., Pell, subsidized DL, unsubsidized DL, etc.

Change Affects V1 students for most FAFSA information The Department of Education announced changes Tuesday to verification requirements, including the temporary waiver of verification requirements for most FAFSA information, for the 2021-2022 award year. The department posted an electronic notice to announce the waiver. Institutions are no longer required to

To our financial aid colleagues: A reminder that applications for the 2020-2021 award year are being accepted through this Wednesday, June 30, 2021. Here are deadlines for submitting applications and making SAR/ISIR corrections for the 2020-2021 award year: All new electronic applications must be received by CPS on June

The FAFSA Simplification Act, which will be phased in over the next few years, has several major changes that will affect students and financial aid offices in the immediate future. One of those changes includes repeal of the 150% Direct Subsidized Loan Limit, or SULA. The FAFSA Simplification Act is

The Department of Education has posted an electronic announcement on its implementation of the FAFSA Simplification Act, which passed on Dec. 27, 2020, and will result in an overhaul of federal student aid. Changes will affect the FAFSA form, as well as many policies and procedures for colleges that participate

The latest HEERF news, plus links to needed forms, new FAQs and allocation tables Public and private nonprofit institutions that received HEERF II funds under CRRSAA will not need to take action to receive HEERF III funds. The Department of Education will automatically provide supplemental awards to these institutions. If

Middlesex Community College, with campuses in Lowell and Bedford, Massachusetts, needed a solution that would eliminate paper, increase verification rates, allow mobile document submission and provide a better user experience for students and parents. In the years before Middlesex Community College enlisted Global's help, improving the verification process had been

By Rick Cox The Education Department has published a final rules federal register on distance education and innovation that contains significant changes on distance education, Return to Title IV, clock to credit hour conversion requirements, SAP and CBE/Direct Assessment Programs. The new rules were published on September 2, 2020,

Implementation date approaches for the following final rules, rules also eligible for early implementation The deadline for implementation of the following final rules is coming up on July 1, 2021. Because the rules are also eligible for early implementation, some colleges and universities may already be using the new regulations.

Delivering the best in financial aid solutions since 1996 Thank you for 25 amazing years in business. As Global approaches our silver milestone on April 1, we look back in gratitude at the opportunities we’ve had to serve our clients and, in turn, help students achieve their goal of

Audit Guidance, the Period for Allowable Expenses and FAQs on Lost Revenue and CRRSAA New guidance on audit requirements is now available for institutions that have received HEERF money to help higher education with the extraordinary challenges of 2020. A Department of Education letter to HEERF grantees outlines updated information

Colleges seeking relief funds for 2021 after the enormous challenges from COVID-19 have until April 15 to apply By Rick Cox The upcoming deadline to apply for HEERF II funds from the Coronavirus Response and Relief Supplemental Appropriations Act is April 15, 2021. Public and private nonprofit institutions that applied

This is a reminder that HEERF Funds must be spent within one calendar year from the date of the award. We are nearing the one-year time frame from when HEERF Funds from the CARES Act (Round 1) first became available. For those institutions that received their allocations shortly after the

A resource for March-August As the financial aid community begins a new year, Global has highlighted dates of note to include on financial aid calendars. Below are important dates coming up in March through August to include on calendars for 2021. MARCH FSA Partner Connect launches in March 2021 3/

As a reminder, student and parent borrowers will be required to complete the Annual Student Loan Acknowledgment (ASLA) process for the 2021-2022 award year. This process must be completed on studentaid.gov before the borrower can receive the 1st loan disbursement for the 2021-2022 award year. Schools must inform borrowers

Federal Student Aid is sending emails, SMS and mobile application push notifications, when applicable, to 2020–21 Free Application for Federal Student Aid (FAFSA®) filers (and parents of dependent 2020–21 FAFSA filers) who have not yet submitted a 2021–22 FAFSA form. Financial aid offices can use the language

To all the Veterans, Thank you for your sacrifices and service to our county. In observance of Veterans Day, Federal offices as well as some of their Title IV processors and contact centers will be closed, Wednesday, November 11, 2020.