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 May 17, 2022    .  

Spring is in the air. Admissions is counting deposits for new students, graduation is just around the corner and for many Financial Aid administrators, it’s also the time of year to start planning for your annual audit. There’s nothing more intimidating than a …

 May 4, 2022    .  

On April 19th, the Department of Education (ED) announced sweeping changes to ensure federal student loan borrowers receive proper counseling and, when eligible, loan forgiveness. The ED projects more than 3.6 million borrowers will benefit from these changes …

 April 15, 2022    .  

In our recent blogs, we discussed why institutions should participate in the Incorrect Data Challenge process. We’ll wrap up this series with some things to consider after your challenges have been submitted. Although it may be tempting to put this process beh …

 April 5, 2022    .  

On March 24, 2022, the Department of Education, signed by Richard Cordray, Chief Operating officer of Federal Student Aid, released the Pell grant payment charts for the 2022-2023 award year via a Dear Colleague Letter. Each year, HEAG monitors the Pell grant …

 March 31, 2022    .  

In What’s the Big Deal with Draft CDR? we discussed the benefits of having a low CDR (and the ramifications of having a high one!), as well as how participating in this annual review can help your alumni. Remember, the Federal Fiscal Year 2019 (FFY19) cohort i …

 March 1, 2022    .  

Federal Student Aid issued three important communications at the end of January 2022 that we wanted to bring to your attention. On January 20, 2022 in its Dear Colleague letter, FSA informed institutions of their ability to use information provided in the Free …

 February 23, 2022    .  

It will be a few weeks before we expect to see the Electronic Announcement regarding the FY2019 draft cohort default rate (CDR). The CDR includes students who borrowed Direct Loans at your institution and entered repayment between October 1, 2018, and Septembe …

 January 24, 2022    .  

If there ever was a real-world example of why we must be need analysis experts and super sleuths — this is it! We first heard about this issue in a March 2021 Electronic Announcement after several financial aid administrators questioned the accuracy of the dat …

 January 24, 2022    .  

When last we visited the topic, the oft extended federal student loan repayment pause provided by the CARES Act in March 2020 was set to expire on January 31, 2022 but before it did, the Biden administration extended it once more through April 30, 2022. The re …

 December 29, 2021    .  

We spent another year operating under the cloud of the ongoing global pandemic, but with widespread eligibility for and access to vaccines, life got a little more ‘normal’ in 2021. The year began with a new president, which meant a new Secretary of Education ( …

 December 29, 2021    .  

The Free Application for Federal Student Aid (FAFSA) and rules for verification seem to be changing annually of late, so whether you’re a newbie or veteran, you can benefit from these resources provided by Federal Student Aid (FSA). First up, one of our favori …

 December 10, 2021    .  

In its November 5th Electronic Announcement, Federal Student Aid (FSA) included a reminder that corrections to your Fiscal Operations Report for 2020 and Application to Participate for 2022-2023, otherwise known as FISAP, are due by December 15th, 2021. If you …

 December 8, 2021    .  

Last summer the NCAA announced an interim policy that allows student athletes to be compensated for use of their name, image or likeness (NIL). The most common situation is likely to be student athletes contracting with third parties as independent contractors …

 November 22, 2021    .  

Another federal direct loan servicer is leaving the fold – Earlier this year, FedLoan Servicing (PHEAA) and Granite State Management & Resources (NHHEAF) announced they would not be renewing servicing contracts with the Department of Education (ED). This w …

 October 26, 2021    .  

On October 6, 2021 the Department of Education (ED) announced it was making sweeping changes to the Public Service Loan Forgiveness program (PSLF). If you’re not familiar with the program, PSLF was implemented to assist those working in the public or non-profi …

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