Reading Time: 4 Minutes – If you’ve been keeping up with the FAFSA Simplification Act, then you might be realizing that this act is implementing A LOT of changes! Since we already covered three fascinating subjects of the Simplification Act these last few months, we want to explore a little more on how the Pell Grant will be expanding access even further (🎉hooray!).
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Spoiler Alert! That EFC is going away! The FAFSA Simplification act is replacing EFC with what is now known as “SAI” or Student Aid Index. Today we’ll be breaking down the difference between that old EFC, and the new SAI explaining what it even is, how it’s different, and why it matters.
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Reading Time: 3 minutes – At the end of 2022, the U.S. Department of Education published a new 90/10 rule which includes many updates! Today we’ll cover what the 90/10 Rule is, and what changes you will need to know about going forward.
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Read Time: 5 Minutes 20 Seconds
When scheduling Pell Disbursements, some students, known as crossover students, may have their payment periods span two separate award years (2022-2023 and 2023-2024). Because of this, we’re often asked – which award year does the student start disbursing Pell in?
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There have been some new developments since our last blog: “Federal Loan Repayment: Where do you Stand in 2022.” There is no doubt that the Direct Loan Repayment pause, and Student Loan Cancellation can be both confusing and difficult to stay in the know about.
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Reading Time: 5 minutes
Today we are breaking down some of our best practices when processing and calculating R2T4’s. But first, what even is a R2T4?
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What is the Fresh Start Initiative? ED released a Dear Colleague Letter with details of its Fresh Start Initiative which restores Title IV Aid eligibility to students who defaulted on […]
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Read Time: 6 min read
If you are new to Financial Aid or a student who was just notified by their school that they were selected for Verification, you might be asking yourself WHAT is this? To put Verification in layman’s terms, it is the process of reviewing the information a student provided on their FAFSA.
Reading Time: 4 min read Particularly for institutions with a smaller budget or staff shortage, it can be hard to keep up with changing federal regulations, myriad verifications, funding demands […]
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DID YOU KNOW – You may be required to implement a “Constitution Day” program? If Constitution Day falls on a Saturday, like it has in the past, the U.S. Department of Education recommends that educational institutions should observe the following week instead. Listed on the Department of Education’s website are many additional resources you can find about Constitution Day. There are also free lesson plans, online activities, and ideas for how your institution can participate!
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