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Next Gen FSA: Improvements to the Student, Parent, and Borrower Experience
Latest Next Gen FSA News
In December 2017, we announced the Next Gen Federal Student Aid (Next Gen FSA) initiative, which takes big steps toward improving the way students, parent, and borrowers interact with and access the benefits of the programs administered by Federal Student Aid.
In late December 2019, the first big launch of Next Gen FSA implementation kicked off with the consolidation of multiple websites into a single, digital front door: StudentAid.gov. As a result, students, parents, and borrowers can access all the information and tools they previously used, but through an improved interface.
In the video "The Digital Future of Federal Student Aid," we describe what students and borrowers can expect from Next Gen FSA in the future.
Launched Feb. 23, 2020: Tools to Help Make Students' Aid Clearer and Loan Repayment More Straightforward
We launched three new tools:
- Aid Summary—Our new Aid Summary feature shows customers' details for each loan and grant they've received. Instead of having to log in to the National Student Loan Data System (NSLDS®), customers can view all their information through StudentAid.gov. They can monitor repayment progress, receive alerts about their account, and keep track of their remaining eligibility for Direct Loans and Pell Grants. For customers seeking Public Service Loan Forgiveness, they're able to track the number of qualifying payments they've made.
- Loan Simulator—Loan Simulator replaces the Repayment Estimator. With Loan Simulator, customers select a repayment goal such as paying off their loans as quickly as possible or paying the lowest amount per month. Loan Simulator uses loan information from the NSLDS® database and information about the customer's earnings and family size to identify a personalized repayment strategy. Even before obtaining federal student loans, a customer can use national loan averages based on his or her school type to see what future repayment would look like—making Loan Simulator a great planning tool.
- Make a Payment pilot—This pilot allows customers whose Direct Loans are in repayment and assigned to Great Lakes Educational Loan Services, Inc., or Nelnet to make a standard monthly payment on StudentAid.gov. Customers with other servicers will be directed to the servicer's website to make payments.
Federal Student Aid Website URL Redirect List
As part of the Next Gen initiative, the StudentLoans.gov and former StudentAid.ed.gov web pages are now being redirected to the new pages on StudentAid.gov so as not to disrupt the student, parent, and borrower experience. View a comprehensive list of all the old and new links. This list will be updated on an ongoing basis as other Federal Student Aid website content and functionality are consolidated into StudentAid.gov.
All former URLs will be redirected to the new location except outdated ones. It is strongly recommended that webmasters and content owners of external websites linking to FSA websites update the URLs so their websites will not be adversely affected for the future updates and upgrades.
Resources for Reference and Outreach
You may find the resources below useful as you prepare to help students, parents, and borrowers with the new site.
- Next Gen StudentAid.gov Walkthrough and Coming Attractions: FSA Conference Session video—In early December 2019, FSA provided an overview of our plans for a new digital platform which combines four websites (StudentLoans.gov, StudentAid.gov, FSA ID, and NSLDS) along with their corresponding functionalities. FSA described specific features to highlight the improved experience for our students and borrowers. View the session's PowerPoint slides.
- Next Gen FSA Sample Tweet—Sample tweet with video describing what students and borrowers can expect from Next Gen FSA in this newest release and in coming months. Retweet to share information with the students, borrowers, and parents who follow you.
- Next Gen FSA Sample Facebook Post—Sample Facebook post with video describing what students and borrowers can expect from Next Gen FSA in this newest release and in coming months. Share with students, borrowers, and parents.
March 03, 2020