Important Reminders for Q2_2015:
Action: All results of verification for students selected in Verification Tracking Groups V4 and V5 must be reported within sixty (60) days of when the school requests the information from the student. For FAME clients the reports will be submitted, however clients must appropriately enter the results of the V4 and V5 verification. (ESP clients see the August 4, 2014, “What’s New in ESP?” e-mail. Freedom FinAid clients see the August 14, 2014, “What’s New in Freedom?” e-mail.)
Action: The deadline date for a waiver of the 2015-2016 Federal Work-Study Community Service requirement is April 27, 2015. The deadline for an electronic submission of a school’s waiver request is 11:59 P.M. (ET) on Monday, April 27, 2015.
Action: On May 10, 2015, ED implements the new student/borrower FSA ID login process.
Action: The new Violence Against Women Act (VAWA) regulations are effective July 1, 2015.
Action: By July 31, 2015, schools with Gainful Employment (GE) programs must report the applicable data for each of the award years of 2008-2009 through 2013-2014. See the Federal Register dated October 31, 2014
Action: The Direct Loan closeout deadline for the 2013-2014 Program Year is Friday, July 31, 2015.
Action: September 30, 2015, is the last date on which a new borrower may be disbursed a first disbursement of a Federal Perkins Loan. (If Congress changes the law before then, then this date may change or become non-applicable.)
Action: Schools must submit their annual security report (ASR) by October 1, 2015, taking into consideration the requirements of the new VAWA regulations that became effective July 1, 2015.
Action: By October 1, 2015, schools with Gainful Employment (GE) programs must report the applicable data for the 2014-2015 award year.
Action: The deadline for submitting the 2014-2015 Fiscal Operations Report and the 2016-2017 Application to Participate (together called the FISAP) have a deadline of October 1, 2015.