Zobrazit v EDS

FAFSA Simplification Act and Student Loan Forgiveness Initiatives Accounting. Inspection Report. ED-OIG/I24DC0194

Uloženo v:
Podrobná bibliografie
Název: FAFSA Simplification Act and Student Loan Forgiveness Initiatives Accounting. Inspection Report. ED-OIG/I24DC0194
Jazyk: English
Autoři: Office of Inspector General (ED)
Zdroj: Office of Inspector General, US Department of Education. 2025.
Dostupnost: Office of Inspector General, US Department of Education. Available from: ED Pubs. P.O. Box 1398, Jessup, MD 20794-1398. Tel: 877-433-7827; e-mail: edpubs@edpubs.ed.gov; Web site: https://oig.ed.gov/reports/list
Peer Reviewed: N
Page Count: 21
Datum vydání: 2025
Druh dokumentu: Reports - Evaluative
Descriptors: Student Financial Aid, Federal Legislation, Financial Aid Applicants, Student Loan Programs, Federal Programs, Accounting, Expenditures, Public Agencies, Federal Government
Abstrakt: The Free Application for Federal Student Aid (FAFSA) Simplification Act made several changes to the FAFSA, including changing the formula for determining student financial assistance need and simplifying the application. The rollout of the redesigned 2024-2025 FAFSA application encountered issues that affected students' ability to apply for aid. The Department of Education (Department) has also introduced several student loan forgiveness initiatives, including an initial debt relief plan, the Student Debt Relief loan discharge program, and the Saving on a Valuable Education Plan. As a result of Congressional concerns related to resources spent on these initiatives, the authors initiated a review to determine whether the Department's Federal Student Aid (FSA) office could account for resources expended under these initiatives. The objectives of this inspection were to determine if (1) for the FAFSA Simplification Act and student loan forgiveness initiatives, FSA has prepared accountings of appropriated funds, obligations, administrative expenses, and staffing for fiscal years (FY) 2021-2024; and (2) FSA provided Congress with detailed spend plans of anticipated uses of funds made available under the FYs 2021-2024 appropriations laws.
Abstractor: ERIC
Entry Date: 2025
Přístupové číslo: ED673403
Databáze: ERIC
Popis
Abstrakt:The Free Application for Federal Student Aid (FAFSA) Simplification Act made several changes to the FAFSA, including changing the formula for determining student financial assistance need and simplifying the application. The rollout of the redesigned 2024-2025 FAFSA application encountered issues that affected students' ability to apply for aid. The Department of Education (Department) has also introduced several student loan forgiveness initiatives, including an initial debt relief plan, the Student Debt Relief loan discharge program, and the Saving on a Valuable Education Plan. As a result of Congressional concerns related to resources spent on these initiatives, the authors initiated a review to determine whether the Department's Federal Student Aid (FSA) office could account for resources expended under these initiatives. The objectives of this inspection were to determine if (1) for the FAFSA Simplification Act and student loan forgiveness initiatives, FSA has prepared accountings of appropriated funds, obligations, administrative expenses, and staffing for fiscal years (FY) 2021-2024; and (2) FSA provided Congress with detailed spend plans of anticipated uses of funds made available under the FYs 2021-2024 appropriations laws.