ECM NEWSLETTER February 2024
Feb 06, 2024
FY 2021 Official Cohort Default Rates Distributed Sept. 23, 2024: On October 4, 2024, it was confirmed that some schools received erroneous cover letters with blank rates in their FY 2021 CDR packages. Corrections are available via the SAIG mailbox. The appeal period begins on October 4, 2024.
As the new academic year approaches, students and educational institutions alike must navigate the complex waters of FAFSA verification. The U.S. Department of Education recently published crucial updates for the 2025-2026 award year that warrant close attention.
ECM NEWSLETTER August 2024
Top 6 Takeaways from Recent Financial Aid Regulation Announcements.
Schools can now report Financial Value Transparency and Gainful Employment (FVT/GE) data to the National Student Loan Data System (NSLDS).
The new requirements will change financial aid compliance operations and create additional paperwork, but ECM stands ready to recommend the best practices for institutions to help financial aid directors meet student needs and regulatory requirements.
2024–25 Processing Timeframes Associated with Reporting V4/V5 Outcomes and Unusual Circumstances and Homeless Youth Determinations, and Update on ISIR Values for Ward of Court and Foster Youth Status.
We offer a variety of solutions from consulting to full service processing to meet the needs of any type of institution to ensure compliance requirements are met and assist schools with navigating the workflow of HCM2 processing and submissions.
Read about a few of the top takeaways from recent Federal updates.
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