FSA Provides Additional Details on Annual Student Loan Acknowledgement

By Hugh T. Ferguson, NASFAA Staff Reporter

According to a presentation made during the Department of Education's (ED) Federal Student Aid (FSA) Training Conference on Tuesday, the Annual Student Loan Acknowledgment tool ( will receive a number of updates aiming to streamline the student loan process.

The Annual Student Loan Acknowledgement will be used to inform borrowers what they owe — or could owe — in federal student loans and will be individually tailored toward first-time and current loan borrowers to help provide details surrounding loan status and forecasts of estimated monthly payments.

For first-time borrowers, the loan holder would be presented with general information along with College Scorecard data before acknowledging the origination of their loan. A current loan borrower would be presented with details on their loan and grant history before acknowledgement of their newly originated loan.

FSA touted that the updates to the product incorporated feedback from user testing with high school seniors, college undergraduates, graduate students, and parents. In addition to new design features that are meant to improve borrower profiles, FSA also said the landing page will feature borrower types and a tracker that will aim to better guide borrowers through the acknowledgement process.

All federal Direct Loan borrowers will have to complete acknowledgement prior to receiving a loan disbursement for the 2021-22 award year.


Publication Date: 12/2/2020

Kristy M | 2/22/2021 9:30:13 AM

How can student (or even FA professionals) differentiate the year they are completing it for? For example if a student starts in Spring 2022 and does it then, it would be for 2021-2022. They would need to do it again for Fall of 2022 correct?

Leonard G | 1/5/2021 10:32:58 AM

The ASLA is completed at:

Debby Y | 12/7/2020 12:51:34 AM

Just curious. Where and how will a previous borrower complete the annual Student loan acknowledgment?

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