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today’s news for Wednesday, December 5, 2018

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NEWS FROM NASFAA

NASFAA members from Washington, D.C. and California institutions met with congressional staff members on Capitol Hill Tuesday to express their support for a new bill to simplify the FAFSA and verification process, as well as to push lawmakers to eliminate origination fees.

As we enter the peak of gift-giving season, it’s time to celebrate the greatest gift of all (wink, wink): NASFAA compliance tools! Being a member of NASFAA has its perks, especially when it comes to having access to numerous compliance tools at your fingertips. Here is a small sample of NASFAA offerings that can help you effectively administer Title IV financial aid programs.

NASFAA UPDATES AND ANNOUNCEMENTS

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A constant source of confusion for financial aid administrators is when to make a correction, perform an update, or consider a professional judgment (PJ) appeal. In this NASFAA webinar, NASFAA Regulatory Specialist Eunice Powell will address when it is—or is not—appropriate to consider the use of a correction, update, or PJ. Join us Wednesday, Jan. 23, 2019, at 2:00 p.m. ET as we review case studies and provide interactive exercises to illustrate compliance with each procedure. Register now.

U.S. DEPARTMENT OF EDUCATION

The Department of Education provides the following information regarding the designation of Title III or Title V status for institutions and the resulting waiver of the non-Federal share requirements for the Federal Work-Study (FWS) and Federal Supplemental Education Opportunity Grant (FSEOG) programs.

On December 1, 2018, the President issued an Executive Order closing the federal government on Wednesday, December 5, 2018, as a mark of respect for George H. W. Bush, the forty-first President of the United States. As such, FSA's federal offices will be closed on December 5, 2018, to observe the National Day of Mourning, and some data processing will be impacted. See the attachment for the operation status of our Title IV processors and contact centers on Wednesday, December 5, 2018.

Federal Student Aid (FSA) announced the availability of Volume 3 – Calculating Awards and Packaging of the 2018-2019 Federal Student Aid Handbook.

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