Federal Student Aid has published two volumes the 2024-2025 Federal Student Aid Handbook and updated the Application Verification Guide.
What has changed:
- Volume 8: The Direct Loan Program – This volume discusses the William D. Ford Federal Direct Loan Program (Direct Loan Program) and describes how the U.S. Department of Education (the Department) makes loans to help students and parents pay the cost of attendance at a postsecondary school. This volume also provides information to assist schools in determining student and parent eligibility for Direct Loans, counseling student borrowers, and awarding Direct Loans.
- Volume 9: The Teach Grant Program – This volume describes the eligibility requirements for a student to receive a TEACH Grant and the required counseling for TEACH Grant recipients, explains the terms and conditions of the TEACH Grant service obligation, and provides schools with guidance on calculating TEACH Grant awards.
- Application and Verification Guide: Verification, Updates, and Corrections – FSA clarified the guidance under the “Special Cases, Filers of Amended Returns” section of Chapter 4 to align with Electronic Announcement GENERAL-24-71.
View the complete handbook here.