By Hugh T. Ferguson, NASFAA Senior Staff Reporter
A new report out of the Government Accountability Office (GAO) found that Federal Student Aid (FSA) had “adequate processes” for implementing provisions outlined in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to GAO, FSA met its obligations in waiving the requirement that Title IV of the Higher Education Act of 1965 funds be returned, canceling borrowers’ obligation to repay Direct Loans, and excluding federal Pell Grant disbursements from Pell lifetime usage calculations for students who withdrew because of the coronavirus pandemic.
The GAO audit interviewed FSA officials and reviewed the office’s guidance, documents, and technical assistance provided to schools in addition to oversight activities, which took place from March 27, 2020 (when the CARES Act was enacted) through June 27, 2022.
Publication Date: 5/11/2023
Need Analysis/Pell - September 2024: Need Analysis/Pell Grant - September 2024
NASFAA Comments on Proposed Changes to IPEDS Reporting
New Survey Paints Hopeful Picture on Higher Ed Value, But Costs and Completion Barriers Remain
Foxx on Cardona’s Tenure: ‘On All the Broad Strokes, You Have a Failing Grade’
NASFAA Shares Preview of Comments on ED’s Student Loan Debt Relief Proposal
2024-25 FAFSA Key Dates Timeline
Is Your Campus Ready for New Regulations Effective July 1, 2024?
ED Closes In on Reprocessed FAFSAs, Provides Temporary Filing Fix for Mixed-Status Families
Statement on FAFSA Reprocessing Update, Fix for Mixed-Status Families
ED Announces Completed Reprocessing of 'Nearly' All of Impacted ISIRs
Today's News for April 30, 2024
FSA Chief Richard Cordray to Step Down at the End of June
Today's News for April 29, 2024
When Is the Earliest We Can Originate and Disburse Title IV Funds For 2024-25? (Award Year: 2024-25)
Biden’s 2025 Budget Proposal Would Boost Pell, Eliminate Student Loan Origination Fees
Today's News for March 12, 2024
Today's News for February 28, 2024
ED Announces Update to SAI Formula, Release of 100 Additional Test ISIRs
ED Outlines Updated Strategies to Increase Diversity in Higher Education
FSA Outlines 2024-25 FAFSA Simplification Changes in New Dear Colleague Letter
ED Releases Draft Pell Grant Look-Up Tables for 2024-25
Cardona Urges Higher Education Leaders to ‘Fight Complacency’ in Year Ahead
NASFAA Joins Call for Congress to Double Pell, Invest in Higher Education in FY 2024 Budget
Pell Grants May Not Meet Incarcerated Students’ Financial Need, Research Shows
Approval Process for Pell-Eligible Prison Education Programs Gets a Detailed Preview
ED Announces Expansion and Updates to Second Chance Pell Program
NASFAA Releases Updated, Estimated 2022-23 Pell Grant Payment and Disbursement Schedules
A Year in Review: The Biggest Financial Aid News of 2021
Build Back Better’s Higher Ed Priorities Face Uncertain Path in 2022
Spending Agreement Avoids Government Shutdown Through Mid-February
Lawmakers Press ED Under Secretary on Implementation of Pandemic Aid
Policy Deep Dive: Build Better Act
House Panel Spars Over Reconciliation Package’s Higher Ed Provisions
ED Announces Expansion of Second Chance Pell Program
Appropriators Receptive to Pell Grant Investments as Cardona Stresses Urgency in Higher Ed Funding
Biden's 2022 Budget Includes Historic Boost to ED, Expansion and Increase to Pell Grant
Increased Financial Aid Access Bolsters Incarcerated Adults’ Successful Reentry, New Data Finds
What the White House’s Fiscal Year 2022 Delayed Budget Proposal Means for Higher Ed
2019-2020 Award Year Deadline Dates for Reports and Other Records
You must be logged in to comment on this page.