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.

The first quarterly reporting for the institutional portion of the Higher Education Emergency Relief (HEERF) Grant report is due Friday, Oct. 30, 2020. The report should include HEERF institutional expenditures through Sept. 30, 2020. Also, subsequent reports covering expenditures for each calendar quarter are due within 10 days of each

Recently, Senator Lamar Alexander (R-Tenn.), spoke during a US Senate HELP (The Senate Health, Education, Labor, and Pensions) committee hearing about fixing the FAFSA, finally. During the hearing, Senator Lamar proposed five changes to streamline the FAFSA: Reduce total questions on the FAFSA from 108 questions to a maximum of

ED has posted the final rules federal register on distance education and innovation published on 9/2/20. The proposed rules were published on 4/2/20. We are providing a summary below. However, all schools should review this federal register in its entirety. There are significant changes regarding distance

The Internal Revenue Service (IRS) Data Retrieval Tool (DRT) will be unavailable on Sunday, April 12, 2020, from midnight to noon Eastern time (ET) as the IRS completes critical system upgrades. During this outage period, users may access fafsa.gov, the myStudentAid mobile app, and the Income-Driven Repayment (IDR) Plan

On February 24, 2020, the Department of Education (the Department) distributed the FY 2017 draft cohort default rate (CDR) notification packages to all eligible domestic and foreign schools only. In this announcement, the Department provided information about the distribution, and the begin dates for appealing the draft rates. Distribution of

Informed Borrower Tool, Renamed The 2019 FSA Training Conference First Posting of Unanswered Open Forum Questions published last week indicating that the Informed Borrower Tool scheduled to be available for 2020-21 Direct Loan award year has been renamed Annual Student Loan Acknowledgement (ASLA). The ASLA is set to be available

(December 3-5, 2019) The following information contains notes of interest from this year’s FSA Conference. While some of this information is new or updated, some items are reminders of existing requirements or processes. Keynote Address/Federal Updates/General Updates: Secretary Devos indicated FSA would function better as a stand-alone

DEAR CPA LETTER CPA-19-01 ED’s Office of Inspector General (OIG) has issued Dear CPA Letter CPA-19-01. This letter amends the 2016 Audit Guide that is applicable to proprietary schools and compliance attestation engagements of 3rd party servicers. The letter adds Section C.8.12 to Chapter 3 of the

ED published the final rules federal register pertaining to Accreditation and State Authorization on 11/1/19. The rules are effective 7/1/20. However, ED has allowed for early implementation, beginning 11/1/19, for several of these regulations: Definitions as found in 600.2 – religious mission, state reciprocity