This document reflects Federal Student Aid's solid progress in meeting strategic objectives since becoming a Performance-Based Organization. Specifically, the plan addresses continuing efforts to increase program integrity, improve customer service and achieve measurable results in the management and administration of the Title IV student financial assistance programs (Title IV). The initial release of Federal Student Aid's Five-Year Plan (FY 2004-2008) was a statement of strategic direction articulating this organization's long-term goals. The FY 2006-2010 Five-Year Plan updates progress in achieving those objectives, details future initiatives and establishes performance standards for measuring success. Starting with this edition, Federal Student Aid's Five-Year Plan will be updated at the end of each fiscal year. Each update will include measurable strategic objectives linked to Federal Student Aid's day-to-day business processes and objectives. The Annual Performance Report will carry this feature a step further, supplying more information on continuing progress and enumerating concrete accomplishments and quantifiable results. Appended are: (1) Action Steps; (2) Target State Vision; and (3) Integration Progress to Date. [This publication was produced by Federal Student Aid, Office of the Under Secretary, U.S. Department of Education.]