NASFAA joined the American Council on Education (ACE) and the American Association of Collegiate Registrars and Admissions Officers (AACRAO) Wednesday in signing a letter that expresses concern over the "short and unrealistic time frame given to institutions to meet the NSLDS reporting requirements released by the Department of Education (ED) on February 27, 2014." The letter explains that a number of components related to the 150% subsidized Direct Loan eligibility provisions in the Moving Ahead for Progress in the 21st Century Act, enacted in July of 2012, present significant challenges for institutions and urges ED to extend the deadline for institutions to report in the new file formats.
Though ED did not publish the specific reporting requirements until February 2014, some changes are expected to be implemented as early as April 14 with the remainder going into effect by July 1. “While we know that all involved parties are working diligently to update these processes, it is unrealistic to expect this multilayered, multi-organizational process to be built, tested, corrected (as needed)” in the allotted time frame, the letter noted.
Read over the letter and let us know your thoughts. What sort of issues do you foresee this causing at your institution? Tell us in the comments section below.
Publication Date: 3/27/2014