Review of Recent Announcements

As a service to its participating schools and lenders, Utah Higher Education Assistance Authority offers the following review of recent announcements and releases from the U.S. Department of Education, Federal Student Aid, and related sources.  These reminders cover topics of general interest and importance that relate to the administration of federal student aid.

Electronic Announcements

Date: November 03, 2008
Summary: The 2009-2010 Federal School Code List of participating schools is available.  It contains the school codes assigned by the Department of Education for use on the FAFSA.
http://ifap.ed.gov/ifap/fedSchoolCodeList.jsp

Date: November 05, 2008
Summary: Federal Student Aid announced the posting of the 2009-2010 Student Web application Products Process Guide containing information about enhancements and changes to FAFSA4caster, FAFSA on the Web, and the Federal Student Aid PIN Web site.
http://ifap.ed.gov/stuwebappguide/110508StudentWebAppGuide0910.html

Date: November 05, 2008
Summary: In preparation for the 2009-2010 Renewal Reminder distribution, FSA reminds schools to update by January 11, 2009 Student Aid Report (SAR) and Institutional Student Information Record (ISIR) 2008-2009 transactions for their students.
http://ifap.ed.gov/eannouncements/110508SARISIRCorrectionsDeadline.html

Date: November 7, 2008
Summary: FSA informs institutions participating in the Federal Perkins Loan Program that the FTC has granted a delay in the enforcement of the new “Red Flags Rule” until May 1, 2009.
http://ifap.ed.gov/eannouncements/110708FTCRedFlagRule.html

Date: November 12, 2008
Summary: FSA announced the posting of the 2009-2010 Student Aid Report (SAR) Comment Codes and Text reference guide, containing the complete text for all 2009-2010 SAR comments.
http://ifap.ed.gov/sarcommcodestxt/111208SARCommentCodesText0910.html

Date: November 14, 2009
Summary: Posted by FSA, the 2009-2010 Expected Family Contribution (EFC) Formula Guide contains worksheets and tables for the 2009-2010 processing cycle. http://ifap.ed.gov/efcformulaguide/111408EFCFormulaGuide0910.html

Date: November 18, 2008
Summary: FSA posted the 2009-2010 School Electronic Process Guide, which describes changes to Web and software products used by schools.  The Guide is designed to meet the reference needs of financial aid administrators, programmers, and data processing staff.
http://ifap.ed.gov/schelectprocguide/111808SchoolElectronicProcessGuide0910.html

Date: November 19, 2008
Summary: NOTICE—by December 15, 2008 every organization enrolled in the Student Aid Internet Gateway (SAIG) must review its assigned TG numbers and FAA Access to CPS Online users. According to FSA, failure to complete the process may result in loss of Access to Federal Student Aid data systems.
http://ifap.ed.gov/eannouncements/1119ReminderActConfirmbyDec15.html

Date: November 19, 2008
Summary: FSA announced the posting of the 2009-2010 ISIR Guide designed to assist financial aid administrators in interpreting student information on the Institutional Student Information Record (ISIR). ISIRs contain student information processed from the FAFSA, as well as key processing results and NSLDS financial aid history information.
http://ifap.ed.gov/isirguide/111908ISIRGuide0910.html

Date: November 24, 2008
Summary: FSA proudly announced the successful implementation of the reorganized and redesigned Information for financial Aid Professionals (IFAP) Web site on November 23, 2008. 
http://ifap.ed.gov/eannouncements/112308RedesignIFAPWebsite.html

Date: November 26, 2008
Summary:  Federal Student Aid is preparing the quarterly update of the Federal School Code List of Participating Schools and reminds all schools to verify Federal School Code (FSC) name, address, and contact information.  FSA asks that updates be made no later than December 30, 2008.
http://ifap.ed.gov/eannouncements/1126FedSchCodeListUpdate.html

Dear Partner/Colleague Letters

Date: November 14, 2008
CB-08-12
Summary: NOTICE—FSA reminds schools that as noted in the instructions for the Fiscal Operations Report for 2007-2008 and Application to Participate for 2009-2010 (FISAP) all corrections to data and corrections of edit errors must be submitted to the Department of Education by Monday, December 15, 2008.  By this same deadline, a school that participates in the Federal Perkins Loan Program must update its Perkins cash on hand as of October 31, 2008.
http://ifap.ed.gov/dpcletters/1114CB0812.html

Any questions related to this Bulletin should be directed to UHEAA Policy and Training at 801.321.7166, or by e-mail to mjohnson@utahsbr.edu.

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