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Thursday, January 24, 2019

System Financial Aid Council (SFAC) updates (January 2019)

The Department of Education (ED) is fully funded for the 2019 fiscal year (award year 2019-20). The partial government shutdown is causing issues for the processing of FAFSAs for award years 2018-19 and 2019-20 that require the Selective Service database match and has caused multiple institutions to experience a spike of comment code 390 on processed Institutional Student Information Records (ISIR). ED is aware of the issue. At the first opportunity after the shutdown ends, ED plans to reprocess all affected ISIRs. More info is available from NASFAA: Government Shutdown May Impact Some FAFSA Database Matches.

Additionally, the IRS “Get Transcript Online” and “Get Transcript By Mail” services are unavailable. ED is working to release verification guidance on alternative forms of documentation.

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