As this semester starts to wind down … the new academic year is also quickly approaching. In order to prepare yourself for the upcoming year, and to receive the most financial aid possible …
The relief due to COVID for federal student loans ends January 31, 2022. To learn more about this and preparing for repayment, please visit studentaid.gov’s COVID-19 announcement.
On August 6, 2021, the US Department of Education announced it will extend the pause on student loan payment and interest accrual past its September expiration date. The pause on payments will now be in place through January 31, 2022. For more on this, please see the NASFAA Press Release.
The US Department of Education (ED) released a Dear Colleague Letter (Gen-21-05) that made some important changes for students selected for verification. As of 7/13/21 ED is focusing the 2021-2022 award year’s efforts strictly on identity and fraud. This means they are waiving verification for most students. The students who are selected to supply confirmation of identity will still be required to sign the statement of educational purpose and high school completion status.
SFS is working to identify the students who can have the verification processed waived. We will send a communication to all of these students letting them know they will no longer need to supply documents to our office. We will also place a comment on each account. Our anticipated timeline is to have this completed by the end of July.
The Pullman Student Financial Services is now back in person! We are very excited to see students and families face-to-face. Please stop by if you are in Pullman and have questions about your financial aid.
WSU runs a process called Census on the 10th day of the term. This allows us to take a “snap-shot” of enrollment for a number of reasons. Part-time students will have their aid adjusted accordingly and the aid will disburse to their account to pay off charges.
Disclaimer: Students who were at full-time enrollment pre-census but then are part-time at census will have awards reduced, which will likely create a bill for the student that will need to be paid back to WSU.