Home News Next Gen FSA – Additional StudentAid.gov Website Features Starting February 2020 – IFAP

Next Gen FSA – Additional StudentAid.gov Website Features Starting February 2020 – IFAP

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As explained in a December 13, 2019 Electronic Announcement, we completed a first step in the Next Gen FSA initiative and consolidated several student-facing websites into an enhanced version of StudentAid.gov, our single front door on the web for students, parents, and borrowers. On February 23, 2020, we will introduce additional features designed to promote financial literacy for borrowers and improve the information and self-service tools available to our customers. The new features provide our customers clearer information about the aid they have received and personalized guidance in the loan repayment process.

This announcement summarizes the three new features that will be available – Aid Summary, Loan Simulator, and Make a Payment pilot.

New StudentAid.gov Website Features

On February 23, 2020, we will add the following features to the StudentAid.gov website—

  • Aid Summary – This feature will provide authenticated users with an aid summary dashboard that displays information about all of the Title IV aid they have received (populated using National Student Loan Data System (NSLDS®) data). Customers will be able to “drill down” to view detailed information about each individual grant, loan, and aid overpayment. Customers will also be able to keep track of their remaining eligibility for Direct Subsidized Loans (Subsidized Usage Limit Applied – SULA) and Federal Pell Grants and Iraq and Afghanistan Service Grants (Lifetime Eligibility Used – LEU). In addition, by using dropdown menu options to navigate to other sections of their aid summary, students will be able to view detailed information about their demographic/contact data, campus/program enrollment and lender/lender servicer access authorizations.

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