Consolidated Appropriations Act, 2021

Disclaimer Part One: We realize this is a very long post, but we wanted to provide you with our initial review and summary of the legislation that passed last night and is awaiting President Trump’s signature immediately. Overview A little over 36 hours ago Press...

HEERF Funds & 1098Ts

Did You Know FAME received guidance from the irs.gov website clarifying that HEERF grant funds, including emergency FSEOG funds, are not included in the student’s 2020 gross income or reported anywhere on the 1098T form? FAME has been trying to get clarification on...

HEERF Reminder

Higher Education Emergency Relief Funds (HEERF) Reminder On October 2, 2020 the Department of Education (ED) released the 3rd Round  of Frequently Asked Questions and Question 9 is of particular concern, although it specifically refers to the Student Aid Portion of...

R2T4 Waiver Reporting

Reporting Requirements for Withdrawn Students who Qualify for Return of Title IV Waiver under the CARES Act Note: On Nov. 6, 2020, Federal Student Aid posted additional information about COD System changes. The information below has been revised based on the Nov. 6,...

New HEERF Guidance Just Sent Out From the Department

On September 23, 2020 ED released new, additional HEERF guidance providing further clarification and favorable responses to issues raised by the higher education community on four key topics.  This is the first of several pieces of new guidance that we have been...