The Free Application for Federal Student Aid (FAFSA) Simplification Act made several changes to the FAFSA, including changing the formula for determining student financial assistance need and simplifying the application. The rollout of the redesigned 2024–2025 FAFSA application encountered issues that affected students’ ability to apply for aid. The Department of Education (Department) has also introduced several student loan forgiveness initiatives, including an initial debt relief plan, the Student Debt Relief loan discharge program, and the Saving on a Valuable Education Plan. As a result of Congressional concerns related to resources spent on these initiatives, we initiated a review to determine whether the Department’s Federal Student Aid (FSA) office could account for resources expended under these initiatives. We conducted an inspection to determine if (1) for the FAFSA Simplification Act and student loan forgiveness initiatives, FSA has prepared accountings of appropriated funds, obligations, administrative expenses, and staffing for fiscal years (FY) 2021–2024; and (2) FSA provided Congress with detailed spend plans of anticipated uses of funds made available under the FYs 2021–2024 appropriations laws. We found that FSA does not have readily available full accountings of appropriated funds, obligations, administrative expenses, and staffing related to its FAFSA Simplification Act and student loan forgiveness initiatives for FYs 2021–2024. We also found that FSA provided spend plans to Congress from FYs 2021–2024 as required by the respective appropriations acts, though FSA’s initial submissions to Congress were late in all four fiscal years. Additionally, one of the required subsequent quarterly updates was not submitted in FY 2023, and another quarterly update was late in FY 2024. We also found that the spend plans provided limited information specific to the use of funds for FSA’s FAFSA Simplification Act and student loan forgiveness initiatives.
Report Date | Agency Reviewed / Investigated | Report Title | Type | Location | |
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Department of Education | FAFSA Simplification Act and Student Loan Forgiveness Initiatives Accounting | Inspection / Evaluation | Agency-Wide | View Report | |
Appalachian Regional Commission | Village of Gnadenhutten | Audit |
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View Report | |
Department of State | Management Letter Related to the Audit of the U.S. Department of State FY 2024 Financial Statements | Audit | Agency-Wide | View Report | |
U.S. Postal Service | A Comparative Study of International Postal Models | Inspection / Evaluation | Agency-Wide | View Report | |
Department of Commerce | The National Weather Service Should Further Strengthen Its Protection of Essential Operational Technology | Inspection / Evaluation | Agency-Wide | View Report | |
Consumer Product Safety Commission | Consumer Product Safety Improvement Act Annual Report for Fiscal Year 2024 | Other | Agency-Wide | View Report | |
National Science Foundation | Review of NSF Recipient Compliance with NSF Harassment Terms and Conditions | Audit |
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View Report | |
U.S. Agency for International Development | Single Audit of CNFA for the Year Ended December 31, 2021 | Other |
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View Report | |
Department of Health & Human Services | CDC Lacked Documentation for Its Redirections of PEPFAR Funds to Support the COVID-19 Response | Audit | Agency-Wide | View Report | |
Internal Revenue Service | The Taxpayer Advocate Service Office of Systemic Advocacy Needs to Improve Program Oversight to Ensure Taxpayer Problems Are Effectively Identified and Resolved | Audit | Agency-Wide | View Report | |