It seems the Coronavirus Indicator might have a bit of a “hair-trigger” because FSA recently put out a document of best practices for using the checkbox which opened with a word of caution. It read, “ Because a number of events (e.g., loan discharges, usage…
Read More >Last month the Common Origination and Disbursement (COD) System was updated to support reporting requirements for withdrawn students who qualify for a Title IV waiver under the Cares Act. COD now allows schools to select the Coronavirus Indicator on eligible disbursements for any program with…
Read More >Last week the New York Times reported that there are presently over 26,000 cases and at least 64 deaths on College and University campuses from COVID-19 since the start of the Fall Semester. Sadly, COVID-19 continues its slow burn through our country and ED’s Office…
Read More >ED’s Office of Postsecondary Education announced several deadline extensions because of COVID-19 including extensions to Campus Crime, Annual Security Reports, Annual Fire Safety Reports, Equity In Athletics Disclosures and the 20-21 FISAP. The deadline to for institutions to distribute their Annual Security Reports and Annual…
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With unemployment insurance ending for millions of people this month, financial aid offices around the country have been inundated with requests for financial aid appeals. Earlier this year the Department released guidance encouraging financial aid administrators “use professional judgment to reflect more accurately the financial…
Read More >In an update to the OCOVID-19 Title IV Frequently Asked Questions page on the Department’s Office of Postsecondary Education website, ED provided three new FAQs related to Student Eligibility and the effect of Pass/Fail grades on Satisfactory Academic Progress and Recordkeeping and Data Security elated…
Read More >Schools participating in the Federal Work Study Program are required to spend at least 7% of their federal FWs share to pay wages for students working in community service positions each award year. In meeting this requirement, at least one or more of the school’s…
Read More >Secretary DeVos has directed all federal student loan servicers to grant an administrative forbearance to any borrower with a federally held loan who requests one. The forbearance will be in effect for a period of at least 60 days, beginning on March 13, 2020. To…
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Today the U.S. Department of Education released details about how much postsecondary institutions of higher education will each receive from the recently passed Coronavirus stimulus package know as the CARES Act. In ED’s press release additional information is given about the process for securing the…
Read More >Last month the President signed S.3503 into law, authorizing the Secretary of Veterans Affairs to treat certain approved educational programs that move to an online format as a result of emergencies and health-related situations in the same manner as programs offered on ground. Under the…
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