H. R. 1 (One Big Beautiful Bill Act)

Signed into law July 4, 2025, H. R. 1 (One Big Beautiful Bill Act) made several changes to financial aid programs. ASR is awaiting further guidance from the U.S. Department of Education to better understand its impact, effects on students, and future implementation. 

In the meantime, ASR has put together a working group to track updates related to the bill and a webpage on the One Stop website. As we receive official guidance from the U.S. Department of Education, we will update the page and share this information with students.

Estimated Financial Aid notices

The University began sending estimated Financial Aid Notices (FANs) to new incoming students on the Twin Cities and Rochester campuses on Tuesday, April 16. This is later than typical, and some students still do not have packages due to delays and errors by the US Department of Education (DOE) with FAFSA processing. As updates come from the DOE and the State of Minnesota, we will continue to implement solutions and resolve errors that impact our students.

FAFSA simplification update

The Department of Education will not begin processing Free Application for Federal Student Aid (FAFSA) submissions and providing data to schools until Mid-March due to inflation adjustments in the Student Aid Index (SAI). They are anticipating that this delay will not impact the 2024-25 financial aid offer students receive this summer. Students can still complete the FAFSA form and expect an email from Federal Student Aid in mid-March acknowledging that their FAFSA has been processed.

One Stop Student Services will not be able to confirm the arrival of FAFSA information until April because of this delay. This is contingent upon software updates, implementation, and testing. Once One Stop receives this information, they will begin sending out estimated financial aid offers to new students in April. The Financial Aid timeline on the One Stop website will be updated as more information becomes available.

FAFSA verification for 2022-2023 waived

Per the guidance issued on May 18, 2022 by the Department of Education, the current FAFSA verification process has been suspended for the 2022-2023 school year. Students who were selected for verification have been notified through a communication sent to their UMN email address. If your students have any questions about their financial aid, please direct them to contact One Stop Student Services.