In an effort to increase efficiency and improve funds control, Federal Student Aid is moving away from processing paper checks. Beginning January 1, 2015, FSA will no longer accept Direct Loan refunds of cash sent manually via paper check. The … Continued

In an Electronic Announcement posted to the IFAP website on December 23, USDE informed institutions that NSLDS will, as of February 1, 2015, no longer accept enrollment reporting files in file layout formats that are older than those posted to … Continued

In an Electronic Announcement dated December 18, 2014, USDE reminds schools of the general disbursement reporting, excess cash, and reconciliation requirements for all Title IV programs. Because these requirements apply to disbursement and financial data, both the Financial Aid Office … Continued

Your school MUST use the USDE recently released Disclosure Template to provide all of the required GE disclosures for the 13/14 award year no later than JANUARY 31, 2015. The following steps and frequently asked questions will help you get … Continued

Availability of 2015-2016 Web Demo System In order to assist you with the 2015-2016 FAFSA processing cycle, FSA has provided a Microsoft PowerPoint presentation containing information and screen shots pertaining to the 2015-2016 FAFSA on the Web site. To view … Continued

In an electronic announcement posted to the IFAP website on November 24, 2014, USDE provides suggested text for each of the required 2015-2016 verification items. While use by an institution of the suggested text fulfills the regulatory verification requirements, institutions … Continued

As with 2014–2015 award year verification, the Department will continue to use data-based statistical analysis to select applicants for verification. A Verification Tracking Flag will be set on the applicant’s Institutional Student Information Record (ISIR) to indicate placement into one … Continued

Consistent with the USDE regulations, the 2015–2016 FASFA data items that may require verification for an applicant selected for verification and the acceptable documentation for those items were announced in the federal register released June 25, 2014. This Federal Register … Continued