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The Department of Education (ED) in a notice published on Friday afternoon announced — with no specific timeline — that the days before and after December 31 will serve as a period to “monitor and respond in real time to potential issues” with the 2024-25 FAFSA application.

Anxiety, tension, stress, and nervousness are the current emotions many financial aid professionals are feeling day-to-day as the launch of the 2024-25 FAFSA inches closer. By the end of this month, Federal Student Aid (FSA) will launch the 2024-25 FAFSA, which comes with major changes to the federal methodology and processes, leaving aid offices in limbo about training, vendors, staffing shortages, burnout, and more.

Yes. The U.S. Department of Education's (ED's) guidance includes the following: Dear Colleague Letter GEN-23-11 states: “An applicant may receive a negative SAI as low as -1,500. When packaging students for need-based Title IV aid (Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), and Direct Subsidized Loan programs), convert any negative SAIs to a 0 SAI for awarding purposes. View the full answer to this question to learn more.

Blue Icon Advisors' next Let's Talk session on January 18, 2024, focuses on the challenges and strategies to ensure data privacy and compliance. The event is free to NASFAA members, but you must register in advance. Let's Talk meets every month and gives practicing financial aid professionals the opportunity to engage with peers, learn from presenters and each other, share information, and discuss best practices. Check the schedule to see more upcoming Let's Talk topics.

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