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Internship/Residency Forbearance Request William D. Ford Federal Direct Loan Program Federal Direct Stafford/Ford Loans, Federal Direct Unsubsidized Stafford/Ford Loans, Federal Direct PLUS Loans,
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IFAP ED stands for Institutional Student Information Record (ISIR) Financial Aid Penalties Electronic Data. It is an electronic form that colleges and universities use to report any penalties related to financial aid.
All colleges and universities that participate in federal financial aid programs are required to file IFAP ED.
IFAP ED is filled out electronically using the Federal Student Aid (FSA) website. The institution must input the relevant penalty information into the online form.
The purpose of IFAP ED is to provide a standardized system for colleges and universities to report and track any financial aid penalties they impose on students.
The institution must report the student's name, student identification number, penalty type, penalty amount, and any additional relevant details.
The specific deadline to file IFAP ED in 2023 will be determined by the Department of Education and communicated to institutions in advance.
The specific penalty for late filing of IFAP ED can vary depending on the circumstances. It is important for institutions to file the form in a timely manner to avoid any potential penalties or consequences from the Department of Education.
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