2012
November: ED released an electronic announcement with a brief summary of principles applicable to when a school may award Title IV aid for a prior enrollment period within an academic year, or repackage aid previously awarded. Read More
November: ED released Final Rules that implement President Obama’s “Pay as You Earn” initiative, incorporate recent changes to the Income Based Repayment plan, and streamline the Total and Permanent Disability process. Read More
October: Schools are reminded the guidance provided in Dear Colleague Letter GEN 10-16, published August 23, 2010, is effective for aiding students in the aftermath of hurricane Sandy. Read More
September: The Department of Education issued modifications and updates to the HEROES Act. Read More
April: The Department of Education is temporarily allowing schools to, in certain cases, use a signed copy of the IRS Tax Return as acceptable verification documentation for the 2012-13 award year. Read More
March: The Department of Education has issued the 2012-2013 Application and Verification Guide for the FSA Handbook. Read More
February: The Department of Education has issued Dear College Letter GEN-12-04 that clarifies earlier guidance regarding student loan issues. Read More
February: The Department of Education has announced the schedule for the FY 2010 2-year and FY 2009 3-year draft cohort default rates to be released. Read More
February: As announced in E-Announcement 2012-01-31, the Department of Education has posted sample 2012-2013 Verification Worksheets. Read More
January: The recently enacted Consolidated Appropriations Act, 2012 made significant changes to the Federal student aid programs. Read More
2011
December: Effective December 19th, the login process for NSLDS Professional Access Web Site has changed. Read More
December: The Department of Education has released Frequently Asked Questions for Gainful Employment. Read More
December: Effective December 18, the login process for the National Student Loan Data System (NSLDS) will change. Read More
October: The Department of Education has published a Notice of Proposed Rulemaking (NPRM) regarding the application and approval process for new programs. Read More
September: The Department of Education has updated the National Student Loan Data System (NSLDS) Gainful Employment User Guide. Read More
September: Congress has mandated that every educational institution receiving federal funds take a day to teach about the seminal document in recognition of Constitution Day/Citizenship Day. Read More
August: ED announces its plans to release official FY 2009 cohort default rates (CDRs) on September 12, 2011. Read More
August: ED issued guidance to clarify the documentation requirements of the one-year extension that schools must retain to be considered legally authorized by a state. Read More
August: ED releases the new Gainful Employment NSLDS User Guide. Read More
August: ED announces revised PLUS MPN is now available. Read More
August: ED extends the due date for Gainful Employment reporting. Read More
July: The Secretary has announced FAFSA information in keeping with the Final Rules related to program integrity issues. Read More
June: An updated NSLP Interest Rate Chart with the interest rates for Stafford, Consolidation, and SLS loans for 2011-2012 is now available. Read More
May: Due to the recent natural disasters, there are steps that schools, servicers and guarantors should be following regarding affected students or borrowers. Read More
May: Each postsecondary institution in the United States that participates in Title IV student aid programs must post a net price calculator on its Web site. Read More