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Just one conversation can change the course of your entire life. For 2018 NASFAA National Conference opening session speaker Wes Moore, that conversation was one with his mother and a financial aid administrator at Johns Hopkins University. When he was accepted to the prestigious university after completing a two-year degree, Moore said his glee was quickly replaced with anxiety and defeat when he saw what it would cost to attend.

A roomful of financial aid administrators were presented with a difficult challenge just before the official kickoff of the 2018 NASFAA National Conference — to think differently about the way they think. As institutions of higher education are creating strategic plans to increase diversity and inclusion on campus, Lena Tenney, coordinator of public engagement at The Ohio State University's Kirwan Institute for the Study of Race and Ethnicity, told NASFAA members that in order to make significant change for their students, they need to recognize their own subconscious biases.

The Department of Education (ED) has seen a significant decrease in Direct Loan delinquency rates and defaults over the past couple of months, according to new data from the Office of Federal Student Aid (FSA). FSA found that the rate of delinquency on Direct Loans, which it defines as a lack of payment for 31 or more days, was at an “all-time low” since FSA began reporting on the metric in 2013. 

NASFAA is committed to making your life as a financial aid administrator easier. We have many tools — such as the Compliance Engine, the Student Aid Index, and the AskRegs Knowledgebase, just to name a few — that can help you do your job more efficiently, and focus your time on what matters most. Watch our short video, which debuted yesterday at the 2018 NASFAA National Conference opening session, to learn more about some of the products and services at your disposal as a NASFAA member.

First, see AskRegs Knowledgebase Q&A, Is a Verification of Nonfiling Letter Required to Complete Verification? If the undocumented individual's income is above the IRS filing threshold, that individual must file a tax return. View the full answer to this question to see under which circumstances undocumented individuals and foreign residents may request a verification of nonfiling letter from the IRS, and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

Federal Student Aid's federal offices as well as its Title IV processors and contact centers will be closed on Wednesday, July 4, 2018 to observe the Independence Day federal holiday. See the attachment for the various centers’ operation status on the holiday.

"Students seeking relief on their college and graduate-school debt could be sitting on a hidden tax bomb: Billions of dollars in one-time bills from the Internal Revenue Service for any debt they get forgiven," The Wall Street Journal reports. 

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