Federal Student Aid Modifies Processing Schedule Affecting Fund Availability

The U.S. Department of Education's Office of Federal Student Aid (FSA) has announced changes to its financial system processing schedule, including G5 and COD. These modifications are due to fiscal year-end accounting for FY2026 and will impact the timing of fund availability for various federal student aid programs, including Pell Grants, TEACH Grants, and Direct Loans, affecting schools' ability to disburse funds.