Federal Student Aid has published Volume 6: The Campus-Based Programs of the 2024-2025 Federal Student Aid Handbook
What has changed in Volume 6?
Chapter 1: Campus-Based Programs Common Elements
- Added and updated hyperlinks throughout chapter for regulatory citations and other references.
- Updated FISAP process deadline dates.
- Described COD XML Schema used for reporting 2023 Federal Work-Study program data to COD, beginning summer, 2024.
- Detailed sunset of CARES Act provisions for Emergency Aid Grants and Temporary Expansion of Federal Work Study Transfer Authority.
- Guidance added on the sunset of CARES Act waiver of nonfederal matching share requirements.
- Citizens of the Federated States of Micronesia and the Republic of the Marshall Islands have their eligibility reinstated for FSEOG & FWS for 2024-25, due to the elimination of the Supplemental Education Grants (SEG).
Chapter 2: The Federal Work-Study Program
- FWS Community Service waiver procedures detailed for the 2024-25 award year.
- CARES Act FWS flexibilities section updated for 2024-25 to reflect sunset provisions.
- Guidance on FWS work that is “in the public interest” updated, per Dear Colleague Letter GEN-24-03.
- Added and updated hyperlinks throughout chapter for regulatory citations and other references.
Chapter 3: Participating in the Perkins Loan Program
- The new G6 system (which will replace the G5 system) will be implemented during the 2024-25 award year. Further details will be released later in the year.
- Updated and clarified guidance on Calculating Distribution of Assets and Returning Funds to the Department.
- Description of the new Perkins Portfolio Report Extract File Layouts for Schools (aka the PRKPF1) added.
- Steps for Schools Ending Participation in the Federal Perkins Loan Program section updated.
- Added and updated hyperlinks throughout chapter for regulatory citations and other references.
Chapter 4: Perkins Repayment Plans, Forbearance, Deferment, Discharge, and Cancellation
- Family size calculation changes updated for purposes of Determining Maximum Monthly Gross Income and 150% of Poverty Line for Economic Hardship Deferment.
- Added and updated hyperlinks throughout chapter for regulatory citations and other references.
Chapter 5: Perkins Loan Billing, Collection, and Default
- Added guidance on Regaining Eligibility Through the Fresh Start Initiative.
- Added and updated hyperlinks throughout chapter for regulatory citations and other references.
- Updated and clarified guidance on If a School Cannot Use G5/G6 to Return Funds.
- Note on availability of HEROES Act waivers and the January 24, 2024 Federal Register added, applicable to “affected individuals” under the HEROES Act.
Chapter 6: The Federal Supplemental Educational Opportunity Grant Program
- New guidance for Selecting FSEOG Recipients and negative SAIs.
- Added and updated hyperlinks throughout chapter for regulatory citations and other references.