(GENERAL-22-101) 90/10 Questions and Answers Website Update The Office of Postsecondary Education maintains a website containing questions and answers (Q&As) that pertain to the Affordability and Student Loans final regulations that were published on Oct. 28,...
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...
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...
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...
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...
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....
