higher education - Global Financial Aid Services

Resources for Constitution Day

By Rick Cox This is just a friendly reminder that Constitution Day will be Saturday, September 17. The Consolidation Appropriations Act of 2005 requires institutions that receive federal funds to hold an education program on the Constitution on that day. However, because this falls on a Saturday, colleges should provide

debt relief

Q&A: Debt Relief & the Loan Pause

Recent decisions on student debt relief – including pausing loan repayments until the end of the year – mean borrowers with federal loans owned by the U.S. Department of Education are eligible for relief. We explain some of the ways the announcements affect borrowers and the financial aid community. Global will

student loans

Payment Pause Extended

By Rick Cox The Department of Education has announced that the payment pause for student loans has been extended for the final time through December 31, 2022. Additionally, the department announced targeted debt relief for some borrowers. Borrowers with annual income during the pandemic of less than $125,000 ($250,

shorter college

SAINT Solutions Deliver Student-Driven Technology

Shorter College, a private, two-year liberal arts college in North Little Rock, Arkansas, needed a financial aid solution that was student-friendly and student driven. They also needed a seamless onboarding experience with a new third-party servicer. Before partnering with Global, Shorter College's financial aid staff spent time manually processing financial

FSA

FSA: Top 10 Audit Findings, Plus IPEDS & Cybersecurity

Popular topics in higher education include audit and program review findings, IPEDS and cybersecurity breaches at higher education institutions.

higher education

Hot Topic Highlights in Financial Aid: Eligibility, HEERF & R2T4

FSA highlights on hot-topic issues in financial aid include institutional eligibility, HEERF spending and new Return to Title IV regulations

covid

A Summary of Current and Expired COVID-19 Waivers

By Rick Cox Some emergency relief for students and administrators because of the COVID-19 pandemic are still in effect and others have expired. Here’s a reminder of current and expired waivers. · Federal Work Study Program Community Service requirements are still waived. · From the Department of Education, if a student

FSATC2021

Federal Update from FSATC 2021

By Rick Cox Negotiated Rulemaking just concluded, and negotiators were unable to reach consensus on all of the issues of college affordability, school responsibility, and student loans. We should expect proposed rules next spring. The 2024-2025 award year should be when financial aid professionals begin to see the new Student