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The Department of Education (ED) in an electronic announcement on Friday afternoon detailed updated processing timelines for the 2024-25 FAFSA form, including that schools will be able to submit corrections electronically “by the end of June,” along with important guidance concerning paper FAFSA submissions, and temporary changes to Title IV aid disbursements.

On Friday NASFAA submitted comments to the Department of Education (ED) in response to proposed changes to IPEDS data reporting. While NASFAA had no concerns with the changes, we used the opportunity to reiterate the urgent need for ED to issue clear data-use and data-sharing guidance to help institutions understand how they can use and share both FAFSA data and Federal Tax Information (FTI) broadly as well as for IPEDS reporting purposes. 

As many institutions begin sending out financial aid offers after a delayed rollout of the 2024-25 FAFSA, a panel on Thursday discussed how the higher education community got here, as well as the implications that this year’s FAFSA rollout has had for both students and institutions.

NASFAA has confirmed with the U.S. Department of Education (ED) that, if both federal tax information (FTI) from the IRS and manually entered tax information are displayed for a contributor on an Institutional Student Information Record (ISIR), the FAFSA Processing System (FPS) uses the manually entered tax information in the student aid index (SAI) calculation. View the full answer to this question to learn more about the latest NSLDS guidance.

NASFAA's Board of Directors is here to represent you and is seeking your input. Please email any questions or comments you might have directly to a member of the NASFAA Board by clicking on their name on our Board Member Bios page. Questions or feedback may pertain to NASFAA products and services, membership benefits, policy/advocacy issues, or any other topic you would like to bring before the Board. The Board will compile and discuss these questions at the June 15 Board meeting at the 2024 NASFAA National Conference in Milwaukee. We welcome your insight.

Blue Icon Advisors' upcoming Let's Talk session, on Thursday, May 16, will dive into building a compliance culture at your institution. Check the schedule for additional upcoming topics and be sure to register for this upcoming session.

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