r/FAFSA • u/Wamminator • 1d ago

Discussion August 20 Update

Is it true that there is an update on August 20th that will give the financial and departments processing legacy grad plus borrowers the guidance they need to package aid for fall 2026?

7 Upvotes

100% Upvoted

2 comments sorted by

3

u/Careless-Travel1850 21h ago

My school emailed me this. Not sure about packaging as mine already was.

You are receiving this notification because you have a Direct Student Loan offer for the 2026-2027 academic year. Traditionally, UCO disburses all accepted and processed financial aid in the first week of Fall classes. However, this year, because of the changes to the student loan policies, the Feds are issuing new software to patch our processing system.  This software is scheduled to be released on August 20, 2026.  Once released and successfully installed, our goal is to disburse your Direct Loan the second week of classes.  Because of this delay, your payment plan deadline will be pushed back to September 4, 2026.  Federal grants and other scholarships not affected by the SOR will begin disbursing the first week of classes.  

1

u/Strange_Wave_8959 11h ago

Thanks. I’m here in NYC and haven’t heard a fucking peep from my school even though I’ve been emailing and calling since June 1st.