FSA ID to Replace PIN on May 10, 2015
Information for Financial Aid Professionals (IFAP) has announced a new date for the switch from the PIN to the FSA ID. FAFSA applicants currently use the PIN to sign the FAFSA form electronically and access federal financial aid records online. If system upgrades remain on track, Federal Student Aid (FSA) now anticipates the FSA ID implementation date to be Sunday, May 10.
The FSA ID will require both new and existing users to create a username and password. Once this protocol has been implemented, all impacted websites, including FAFSA on the Web, The National Student Loan Data System, Federal Direct Consolidation Loans, Federal Student Aid´s Student Loan, and Agreement to Serve, will direct users to a link to register for a new FSA ID—a process which should take less than seven minutes to complete.
A step-by-step FSA ID registration guide for financial aid officers will soon be posted to the IFAP Web site. It’s important to note, however, that the students, parents and borrowers you serve do not need to take any action until FSA makes the switch. UCanGo2 will share any useful updates as the implementation date approaches.