by Kris Fuss-Gonzalez | May 18, 2021 | Blog, Did You Know
As of April 25, 2021, the R2T4 Lump Sum Reporting page is now available on the COD website. Schools can now use this page to report summary-level totals of Title IV funds that were not returned due to the CARES Act. All reporting should be completed using the main...
by FAME Staff | May 14, 2021 | Blog, Did You Know
Institutions are permitted to utilize HEERF II & III funds to pay down a student’s tuition and fees balance*, if the following are NOT true. (1) condition the receipt of financial aid grants to students on continued or future enrollment in the institution, (2) use...
by Ibis Vento | Mar 16, 2021 | Blog, Did You Know
Did You Know… The U.S. Department of Education (ED) requires a “wet” signature on the statement of educational purpose for students who are placed in verification tracking groups V4 and V5. The clarification requiring “wet” signatures was published in the...
by Sally Samuels | Dec 18, 2020 | Blog, Did You Know
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...
by Kris Fuss-Gonzalez | Jul 27, 2020 | Blog, Did You Know
The U.S. Department of Education (ED) added information in the new FSA handbook advising schools that verification completion and professional judgment (PJ) adjustments can now be entered on the same transaction. See the 2020/2021 FSA Handbook, AVG volume, page 127....
by FAME Staff | Aug 7, 2019 | Did You Know
FAME has received additional guidance from the U.S. Department of Education (ED) related to a student’s maximum time frame (MTF) of eligibility in an eligible program? The new guidance clarifies that students in a clock-hour program who withdraw from school and...
