Federal Student Aid
October 1, 2019Secretary DeVos Continues to Transform FAFSA Experience with New Mobile App Features, Enhanced Student Privacy Protections as 2020-21 Cycle Launches
WASHINGTON — In its continued efforts to modernize and improve the federal student aid process, the U.S. Department of Education (Department) announced today that it has added new features to the online Free Application for Federal Student Aid (FAFSA®) form and myStudentAid mobile app. These enhancements come as the Department launches the 2020–21 FAFSA.
September 25, 2019
Today the U.S. Department of Education announced that the fiscal year 2016 national federal student loan cohort default rate (CDR) decreased from 10.8% for FY 2015 to 10.1% for FY 2016, a 6.5% decline from the FY 2015 rate.
August 21, 2019Trump Administration to Automatically Forgive Federal Student Loan Debt for Totally and Permanently Disabled Veterans
LOUISVILLE, KY— Today, President Donald J. Trump signed a Presidential Memorandum that will significantly streamline the process to erase federal student loan debt for totally and permanently disabled veterans. Through a process called Total and Permanent Disability (TPD) Discharge, veterans will now have their student loan debt discharged unless they decide to opt-out of the process.
October 3, 2017
The financial aid filing season officially began at 1 a.m. ET on Sunday, Oct. 1 with the launch of the 2018‒19 FAFSA® at fafsa.gov. Nearly 238,000 online applications were submitted the first day, representing an eight percent increase compared to one year ago.
May 24, 2017
James Runcie, Chief Operating Officer of the U.S. Department of Education Federal Student Aid, submitted his resignation to the Department last night. His resignation is effective immediately. Matthew Sessa, Deputy Chief Operating Officer of FSA will assume Mr. Runcie’s duties until further notice.
December 19, 2016
The U.S. Department of Education today announced that on Dec. 31, 2016, it will end access to federal student financial aid for Charlotte School of Law (CSL), a for-profit member institution in the InfiLaw System.
December 6, 2016