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Latest from FSA: Changes to Grant Awards and Direct Loan Fees

October 16, 2013

Federal Student Aid recently published a Dear Colleague Letter providing information about mandatory changes to TEACH Grant and Iraq-Afghanistan Service Grant awards. These changes, which are a result of the sequester, went into effect on October 1st.

The sequester also impacted origination fees charged to Direct Loans. However this increase will only apply to loans where the first disbursement is made on or after December 1st.

Read more in the October 11th Dear Colleague Letter: http://ifap.ed.gov/dpcletters/GEN1322.html.

Pam King, Midwest Regional Director, Nelnet Partner Solutions

Pam King, Midwest Regional Director, Nelnet Partner Solutions

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