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2. U.S. Department of Education Announces Temporary Changes to ...

   www.ed.gov/news/press-releases/us-department...

   Today, the U.S. Department of Education (Department) announced temporary changes to the federal student aid verification process for the 2021–22 award year. The temporary changes will provide relief to millions of students and colleges facing challenges as a result of the COVID-19 pandemic.

3. Biden-Harris Administration Announces Final Student Loan ...

   www.ed.gov/news/press-releases/biden-harris...

   The application will be available no later than when the pause on federal student loan repayments terminates at the end of the year. Nearly 8 million borrowers may be eligible to receive relief automatically because relevant income data is already available to the Department.

4. Federal Student Aid Posts New Quarterly Reports to FSA Data ...

   fsapartners.ed.gov/knowledge-center/library/...

   As a result of special COVID-19 flexibilities ending, the number of recipients in repayment status has greatly increased. More than 26 million ED-held recipients, with more than $1 trillion in outstanding loans, were in a repayment status as of September 2023, compared to about 400,000 recipients in September 2022 and 19.3 million recipients in September 2019.

5. Department of Education Announces Actions to Fix Longstanding ...

   www.ed.gov/news/press-releases/department...

   Today, the Department of Education announced steps that will bring borrowers closer to public service loan and income-driven repayment (IDR) forgiveness by addressing historical failures in the administration of the federal student loan programs. Federal Student Aid (FSA) estimates that these changes will result in immediate debt cancellation ...

6. Overawards and Overpayments | 2023-2024 Federal Student Aid ...

   fsapartners.ed.gov/knowledge-center/fsa-handbook/...

   On Student U’s 2023–2024 FAFSA form, Student U didn’t report any assets for their parent. However, Student U’s application is selected for verification and Example College determines that Student U should have reported their parent’s business assets for 2023-2024 as well as on the 2022–2023 application the year before.

7. Volume 5 Withdrawals and the Return of Title IV Funds

   fsapartners.ed.gov/sites/default/files/2022-2023/...

   overpayment, traditionally called an over award, results from changes in the student’s aid package; a second occurs when a student withdraws. This volume covers how a school should respond when a student withdraws. Throughout the Federal Student Aid Handbook we use “college,” “school,” and “institution” interchangeably unless a ...

8. INSTRUCTIONS FOR COMPLETING THE FY 2022 e-APPLICATION FOR ...

   impactaid.ed.gov/wp-content/uploads/2020/12/FY...

   Phone: 202-260-3858 Email: Impact.Aid@ed.gov. DEADLINE: 11:59 p.m. EST, Monday, February 1, 2021. Paperwork Burden Statement: According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless such collection displays a valid OMB control number.

9. Direct Loan Periods and Amounts | 2021-2022 Federal Student ...

   fsapartners.ed.gov/knowledge-center/fsa-handbook/...

   For example, a student enrolled in a 9-month Doctor of Dentistry program is eligible for the regular Direct Unsubsidized annual loan maximum for a graduate/professional student ($20,500 in unsubsidized), plus the maximum increased unsubsidized amount of $20,000, for a total Direct Unsubsidized Loan maximum of $40,500.