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As a months-long funding extension comes to a close, Congressional leaders continue to remain far apart on policy riders and final spending levels for fiscal year (FY) 2025. If an agreement is not reached before March 14, the federal government, including the Department of Education (ED), could be facing a shutdown.

This AskRegs Knowledgebase Q&A was updated to include new items that are designated as federal tax information (FTI), as indicated by the February 11, 2025, "blue note" in GENERAL-23-34. Starting with the 2024-25 award year, FAFSA contributors (student and spouse or parent/stepparent, as applicable) must give the U.S. Department of Education (ED) consent to retrieve FTI from the Internal Revenue Service (IRS) for purposes of determining a student's eligibility for Title IV federal student aid. View the full answer to this question to learn more.

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