Processing Aid and Managing Title IV Funds

This volume provides guidance on how to request, disburse, manage, and report on the use of federal student aid funds.

Here we provide a summary of changes and clarifications. However, the introduction does not provide complete guidance on these changes. For that, refer to the text in the chapters cited, the Code of Federal Regulations (CFR), and the Higher Education Act (HEA).

We appreciate any comments that you have on this volume as well as all the volumes of the FSA Handbook. We revise the text based on questions and feedback from the financial aid community, so please write us at fsaschoolspubs@ed.gov about how to improve the Handbook so that it is always clear and informative.

We have updated G6 references to G5.

In Appendix A under “Chart of Accounts,” we added back the previously removed section "Federal Perkins Loans Accounts."

In Chapter 2 under “When Schools Cannot Make Interim Disbursements,” we removed the temporary interim disbursement flexibility.