PLEASE NOTE: As a result of changes on the Information for Financial Aid Professionals (IFAP) website, some links and content on our blog may have changed. HEE’s technicians are working to update affected links for the 2019-2020 and 2020-2021 award years, and other key content.…
Read More >Some people still don’t seem to understand the 2018 guidance for submitting Single Audit to ED. Simply stated, if you are a submitting an audit for a public or private non-profit institution, you must submit a single audit each year. This is true whether your…
Read More >The 1098-T, Tuition Statement form reports tuition expenses students paid for college tuition that might entitle them to an adjustment to income or a tax credit. The deadline to provide students with 1098-T Forms is January 31, 2020 Schools and Colleges are required file Copy…
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As a condition of an institution’s Program Participation Agreement (PPA), colleges, universities and postsecondary schools are legally obligated comply with the statutory requirement to report on ownership/control by and gifts/contracts with foreign sources which is found in HEA Sec. 117 [20 U.S.C. 1011(f)]. Section 117…
Read More >Do people really have to be told that they can’t share TFA tokens? Seems that way. FSA is “reminding” institutions that TFA tokes used for logging into FSA systems and websites must NOT be shared. According to FSA only one authorized user is permitted per…
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TOP 10 PROGRAM REVIEW FINDINGS OF 2019 One of the functions of the U.S. Department of Education is to oversee the Federal Student Aid programs to ensure they are administered correctly and that institutions are meeting the FSA requirements for institutional eligibility, financial responsibility, and…
Read More >Federal Student Aid’s Next Gen website has launched, and it looks pretty slick. Last month FSA combined StudentAid.gov, StudentLoans.gov, FSAID.ed.gov, and part NSLDS.ed.gov student access into one website – StudentAid.gov. All of the functions found in these websites has been consolidated and with the exception…
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