The U.S. Department of Education has implemented the FSA ID, a new log-in process that improves the security and customer experience for the student- and borrower-based websites, including FAFSA on the Web, NSLDS Student Access, StudentLoans.gov, StudentAid.gov, and the TEACH Grant website. The new FSA ID, which is comprised of a user-selected username and password, replaces the Federal Student Aid PIN as the process by which students, parents, and borrowers authenticate their identity to access their federal student aid information.
Users who arrive at the impacted websites are directed to a link to register for their new FSA ID. The registration process should take less than 7 minutes. Only the owner of the FSA ID should create his or her account.
Click here for a one-page FSA ID guide to assist you in the process. In addition, information about the FSA ID, including frequently asked questions, is available at www.StudentAid.gov/fsaid. A short video is also available on our website on Financial Aid TV.
NEW!! DIRECT SUBSIDIZED LOAN LIMIT
There is a maximum period of time that you can receive Direct Subsidized Loans. You may not receive Direct Subsidized Loans for more than 150% of the length of your program of intent. This is called your “maximum eligibility period”. Timely program completion is more important now than ever before. Be sure you have an academic plan in place to help you stay on track with your program. Please see Federal Direct Loans for more information.
PELL GRANT LIFETIME ELIGIBILITY(LEU)
The amount of Federal Pell grant funds a student may receive over his or her lifetime is limited to be the equivalent of six years (full-time) Pell Grant awards. Since the maximum amount of Pell Grant awards a student can receive each year is equal to 100%, the six-year equivalent is 600%.