2012 PHEAA Industry Bulletin

Main Content

This publication keeps you aware of announcements, industry trends, and changes to policies and procedures in the financial aid industry. We provide this free of charge to our partners in the higher education and financial aid communities.

PHEAA conducts its student loan servicing activities nationally as American Education Services (AES) and FedLoan Servicing.

2012 PHEAA Industry Bulletin

December 2012 (PDF)

  • Spotlight on Training
  • Compliance Corner
  • U.S. Department of Education Publishes Guidance on Bookstore Charges
  • Access Removed for Unconfirmed TG Numbers
  • Around the Corner: 2013-14 Award Year
  • U.S. Department of Education Publishes Cohort Default Rate Draft Calculations
  • Updates on Gainful Employment
  • Webinar Recordings Now Available
  • 2012-13 Federal Student Aid Handbook

November 2012 (PDF)

  • Spotlight on Training
  • Compliance Corner
  • Due By December 14, 2012: FISAP Edit Corrections and Perkins Cash on Hand Update
  • Errata and Update: 2012-13 Federal Student Aid Handbook
  • Reminder! 2012-13 SAR and ISIR Corrections Must be Submitted by January 8, 2013
  • Update: Acceptable Documentation for 2012-13 Award Year Verification
  • Federally-Owned Loan Initiatives
  • Around the Corner: 2013-14 Award Year
  • New Reporting Requirements: Foreign Graduate Medical Schools
  • Revised Master Promissory Note for Direct Subsidized and Unsubsidized Loans
  • Packaging and Repackaging- Title IV Student Aid

October 2012 (PDF)

  • Spotlight on Training
  • 2013-14 Expected Family Contribution Formula Guide Now Available!
  • Compliance Corner
  • Electronic Income-Based Repayment Application Now Available!
  • Reminder! Confirmation of TG Numbers Required by December 14, 2012
  • Common Origination and Disbursement School Relations Center Makes Changes for Improved Service
  • Cohort Default Rate Information
  • Two-Factor Authentication: Token Distribution to Schools in Group 9
  • Special Allowance Rates for FFELP Stafford and PLUS Loans

September 2012 (PDF)

  • Spotlight on Training
  • Draft 2013-2014 Federal Student Aid Application Materials Released
  • The U.S. Department of Education Issues Guidance on Accepting Copies of Tax Returns in Limited Circumstances
  • Revised! Teacher Loan Forgiveness Application and Teacher Loan Forgiveness Forbearance Request
  • Federal Student Aid to Offer Fall Training Series
  • Reminder! FISAP Due by October 1, 2012
  • Compliance Corner
  • Gainful Employment Corner
  • Two-Factor Authentication: Token Distribution to Schools in Group 8
  • Teacher Cancellation Low-Income Directory
  • Implementation of MyData Button on NSLDS
  • Industry Calendar

August 2012 (PDF)

  • Executive Order 13607: Establishing Principles of Excellence for Educational Institutions Servicing Service Members, Veterans, Spouses and Other Family Member
  • Reminder - Acceptable Documentation for Verification of 2011 IRS Information
  • 2013-14 Verification Items Announced
  • The U.S. Department of Education Issues Further Guidance on State Authorization
  • Revised Direct Loan and FFEL Program Deferment and Mandatory Forbearance Request Forms Now Available!
  • Revised! School Closure and False Certification Loan Discharge Application
  • Two-Factor Authentication: Token Distribution to Schools in Group 7
  • Financial Aid Shopping Sheet Released
  • 2012-13 Federal Student Aid Handbook
  • Industry Calendar

July 2012 (PDF)

  • Spotlight on Training
  • Announcement: Direct Loan Interest Rates and Changes to Eligibility for Subsidized Loans
  • Court Overturns Main Component of Gainful Employment Rules
  • Clarification for Students without a Valid High School Diploma
  • Mandatory IBR or ICR Applicants Must Submit Income Documentation When Applying for Traditional Direct Consolidation Loan
  • Customer Feedback Used to Enhance the Student Aid Application Process
  • Special Direct Consolidation Loan Information: The U.S. Department of Education Issues Key Reminders for FFEL Lenders and Lender Servicers
  • The U.S. Department of Education Announces the Consolidation of FSA Websites
  • Compliance Corner
  • Gainful Employment Corner
  • Two-Factor Authentication- Token Distribution to Schools in Group 6
  • FISAP Materials Now Available!
  • Webinar Recordings Now Available!
  • Address for Mailing Paper Master Promissory Notes has Been Updated
  • 2012-2013 Federal Student Aid Handbook
  • Special Allowance Rates for Stafford and PLUS Loans
  • Industry Calendar

June 2012 (PDF)

  • Gainful Employment Corner
  • Correction to Dear Colleague Letter GEN-12-08
  • Interest Rates Calculations for the Period of July 1, 2012-June 30, 2013
  • Updates to the 2012-2013 Federal Student Aid Handbook
  • Federal Need Analysis Methodology for 2013-2014 Award Year
  • Computer Matching Program-Locating Borrowers in Default
  • Compliance Corner
  • Two-Factor Authentication: Token Distribution to Schools in Groups 4 and 5
  • Annual Updates to the Income Contingent Repayment (ICR) Plan Formula for 2012
  • Industry Calendar

May 2012 (PDF)

  • Announcement: U.S. Department of Education Issues Modified Guidance for Income-Based Repayment Plan
  • The Department of Education Invites States to Participate in Application Programming Interface with FAFSA® on the Web
  • Gainful Employment Corner
  • Acceptable Documentation for Verification
  • COD System Implementation Plans for 2012-2013 Award Year
  • Dear Colleague Letters
  • Reminder: Changes to the William D. Ford Federal Direct Loan Program, Effective July 1, 2012
  • Secretary Announces the Deadline for Gainful Employment Reporting for 2011-2012 Award Year
  • Two-Factor Authentication
  • Updates to the 2012-2013 Federal Student Aid Handbook
  • Cost Comparison Tool Now Available on the CFPB Website
  • Industry Calendar

April 2012 (PDF)

  • Federal Work-Study Community Service Waiver
  • Two-Factor Authentication: Token Distribution for Schools in Group 2
  • Incorrect Text Included in Email Messages to Applicants Regarding IRS Data Retrieval Tool
  • Gainful Employment Corner
  • Compliance Corner
  • Announcement: FAFSA Completion Tool Available!
  • 2012-2013 Application and Verification Guide Available
  • EDconnect 8.1 to Replace EDconnect 8.0 Software
  • 2011-2012 Federal Student Aid Handbook with Active Index Released
  • Revised: 2012-2013 FAFSA Verification - IRS Tax Return Transcript Matrix
  • Updated Guidance - Making Direct Loan Refunds of Cash
  • Recorded Training Session Available: Direct Loan Reconciliation
  • COD System Implementation Plans for 2012-2013 Award Year
  • Industry Calendar
  • Special Allowance Rates for Stafford and PLUS Loans Quarter Ending March 31, 2012

March 2012 (PDF)

  • Introducing Compliance Corner!
  • U.S. Department of Education Alerts Schools to Inaccurate IRS Data Flag
  • Update on Two-Factor Authentication – Token Distribution for Schools in Group 1
  • Federally-Owned Loan Transfers Planned for February through April
  • Update on SAIG Upgrade
  • Draft FISAP and Instruction Booklet Now Available
  • Direct Loan Closeout Information for 2010–2011 Program Year
  • College Scorecard
  • Employment Certification for Public Service Loan Forgiveness
  • Sample 2012-2013 Verification Worksheets Now Available
  • 2012-2013 Federal School Code List of Participating Schools Now Available
  • Industry Calendar

February 2012 (PDF)

  • Consolidated Appropriations Act, 2012 and Its Impact on Title IV Student Aid Programs
  • Federal Pell Grant Payment and Disbursement Schedules
  • Increased Enforcement of Regulations Regarding Late Annual Audit Submissions
  • Gainful Employment Corner
  • 2012-2013 Renewal FAFSA Reminders
  • Federal Student Aid Systems to Get New Security Features in 2012
  • Volume 5 - Overawards, Overpayments & Withdrawal Calculations (2011-2012 Federal Student Aid Handbook)
  • Volume 6 of the 2011-2012 Federal Student Aid Handbook Released
  • Programs That Are Measured in Clock Hours
  • Updated Poverty Guidelines
  • Special Direct Consolidation Loans

January 2012 (PDF)

  • Consolidated Appropriations Act, 2012
  • Industry Calendar
  • Default Rates for Cohort Years 2005-2009
  • Gainful Employment Corner
  • 2012-2013 FAFSA on the Web Worksheet Now Available
  • 2012-2013 Free Application for Federal Student Aid (FAFSA) Now Available
  • 2012-2013 Student Aid Eligibility Worksheet Now Available
  • 2012-2013 Electronic Data Exchange (EDE) Technical Reference Now Available
  • 2012-2013 Expected Family Contribution (EFC) Formula Guide Now Available
  • Special Allowance Rates

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