What Is the “Byrd Rule”?

What Is the “Byrd Rule” & Why Is It One Line of Defense in Contesting the Inclusion of Revisions to the 90/10 Rule In the FY21 Budget Reconciliation Bill (The American Rescue Plan Act of 2021) Overview Because lawmakers included a provision to modify the 90/10...

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 1098-T 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Reporting Requirements for Withdrawn Students who Qualify for Return of Title IV Waiver under the CARES Act Note: On Nov. 6, 2020, Federal Student Aid posted additional information about COD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,...