Action: All results of verification for students selected in Verification Tracking Groups V4 and V5 must be reported within sixty (60) days of when the school requests the information from the student. For FAME clients the reports will be submitted, however clients must appropriately enter the results of the V4 and V5 verification. (ESP clients see the August 4, 2014, “What’s New in ESP?”. Freedom FinAid clients see the August 14, 2014, “What’s New in Freedom?”)
Action: All schools must have their GE disclosure information updated utilizing 2013-2014 data by January 31, 2015. Schools must use the updated GE Disclosure Template (GEDT) referenced in the GE Electronic Announcement # 50 that was released on IFAP on September 11, 2014.
Action: As of February 1, 2015, ED will no longer accept enrollment reporting files in file layout formats that are older than those posted to the Information for Financial Aid Professionals (IFAP) Web site on February 27, 2014 (“the new formats”). An enrollment reporting file sent in an older format on or after February 1, 2015 will be rejected
Action: The annual FAME Management and Financial Aid Conference, April 13-15, 2015, will be held at the Westin Beach Resort & Spa, Ft. Lauderdale, FL.
Action: The new Violence Against Women Act (VAWA) regulations are effective July 1, 2015.
Action: The new Federal Direct PLUS Loan regulations related to adverse credit history and counseling requirements are effective July 1, 2015. (Watch for further information related to possible early implementation of these regulations.)
Action: By July 31, 2015, schools with Gainful Employment (GE) programs must report the applicable data for each of the award years of 2008-2009 through 2013-2014. See the Federal Register dated October 31, 2014, for the applicable regulations and requirements.
Action: Schools must submit their annual security report (ASR) by October 1, 2015, taking into consideration the requirements of the new VAWA regulations that became effective July 1, 2015.
THE INFORMATION PROVIDED TO YOU IS FAME’S OPINION BASED ON OUR INTERPRETATION OF THE ISSUES AND EVENTS PROVIDED AND OUR INTERPRETATION OF THE TITLE IV REGULATIONS AS THEY MAY APPLY. FAME SHALL NOT BE LIABLE FOR ANY ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES WHATSOEVER ARISING OUT OF OR RELATED TO THE USE OF THIS INFORMATION.
