Each time an updated volume of the 2013-2014 Federal Student Aid Handbook is posted, FSA informs the financial aid community through an Electronic Announcement on the Information for Financial AidProfessionals (IFAP) Web site.
The most recent revision was made on November 6, 2013 to Volume 3 – Calculating Awards and Packaging as follows:
- Chapter 1, P. 3-7. In the paragraph under the subheading “Programs using standard terms or substantially equal nonstandard terms (term-based),” the second sentence (“For Direct Loans, these terms…”) should be disregarded; the guidance does not apply.
Several other revisions were made to Volume 3 as well as to Volume 1 – Student Eligibility in October. These revisions have been added to the Errata and Updates page for the 2013-2014 FSA Handbook page. You will find a complete list at this link: http://ifap.ed.gov/fsahandbook/1314FSAHandbookErrata.html
You will find all current and updated volumes of the 2013-2014 FSA Handbook at the link below: http://www.ifap.ed.gov/eannouncements/110613FSAHbkErrataVol3Update.html