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2.28.25 | |

Top Eight February 2025 Announcements for Higher Education Institutions

Here is a summary of the top eight February 2025 U.S. Department of Education (ED) announcements that apply to higher education institutions, plus information on updated guides.

Upcoming Title IV Requirements
  1. FSA Electronic Announcement GE-25-02, Extension of the Completers’ List and Reporting Processes for Financial Value Transparency and Gainful Employment Until September 30, 2025 – This electronic announcement notifies institutions that the ED is extending the deadline for evaluating completers lists and reporting data associated with Financial Value Transparency and Gainful Employment (FVT/GE) to September 30, 2025.
  2. FSA Electronic Announcement CB-25-04, 2023–24 Campus-Based Awards Closeout – ED announced that the closeout of all 2023–24 campus-based program awards will be completed by March 3, 2025, using the data submitted on the Fiscal Operations Report for 2023–24 and the Application to Participate for 2025–26.
  3. FSA Electronic Announcement DL-25-01, Direct Loan Closeout Information for 2023–24 Program Year – This electronic announcement reminds institutions that the closeout deadline for the 2023–24 Direct Loan Program Year is July 31, 2025. All data must be received and accepted by this date to be included in your institution’s final ending cash balance for the year.
  4. FSA Electronic Announcement GRANTS-25-01, First Pell Grant Administrative Cost Allowance Payments for 2024–25 Award Year – ED announced that the Federal Pell Grant regulations at 34 CFR § 690.10 provide for a $5.00 administrative cost allowance to each participating institution for each student receiving a Pell Grant at that institution for an award year.
  5. FSA Electronic Announcement LOANS-25-03, FY 2022 Draft Cohort Default Rates Distributed Feb. 24, 2025 – This electronic announcement notes that ED distributed the FY 2022 draft cohort default rate notification packages to all eligible domestic and foreign institutions only.
  6. Dear Colleague Letter GEN-25-02, 2025-2026 Federal Pell Grant Maximum and Minimum Award Amounts – This letter includes the Pell Grant maximum and minimum award amounts for the 2025-2026 award year (July 1, 2025, through June 30, 2026).
Free Application for Federal Student Aid (FAFSA) Simplification Announcements
  1. FSA Electronic Announcement GENERAL-25-10, NSLDS Professional Access – NSLDS Financial Aid History Report (FAT001) (Updated Feb. 26, 2025) – This electronic announcement informs institutions that the National Student Loan Data System (NSLDS) Financial Aid History Report (FAT001) is now available on the NSLDS Professional Access website. The FAT001 Report, previously described in FSA Electronic Announcement APP-25-02, provides institutions with detailed financial aid histories for selected students.
  2. FSA Electronic Announcement APP-25-01, Update on timeline for batch corrections processing for 2024–25 and 2025–26 FAFSA forms (Updated Feb. 21, 2025) – This electronic announcement provides an update about the timeline to launch batch institutional corrections for the 2024–25 and 2025–26 FAFSA cycles via the Electronic Data Exchange.
Updated Guides
  1. 2025–26 FAFSA Specifications Guide – This guide was updated on February 21, 2025.
  2. 2024–25 FAFSA Specifications Guide – This guide was updated on February 21, 2025.

Please contact us if you have questions or would like to discuss how these announcements apply to your institution.

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