Schools Grapple with Rapid Implementation of New Financial Aid Rules

Financial aid departments across the country are facing significant challenges in implementing new regulations from the One Big Beautiful Bill Act. The condensed timeline, with the 2026-27 award year approaching quickly and final rules only recently released, is causing widespread concern. This situation could lead to delays in aid distribution for students, particularly those enrolled in summer programs, prompting some institutions to adopt manual processes and consider waiving late fees.