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today’s news for Wednesday, January 9, 2019

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NEWS FROM NASFAA

The article NASFAA published Wednesday morning on issues, stemming from the partial government shutdown, related to the processing of FAFSAs that require the Selective Service database matches has since been updated to include new information provided in an Electronic Announcement published mid-day Wednesday.

In anticipation of the start of a series of subcommittee hearings next week on the Teacher Education Assistance for College and Higher Education (TEACH) Grant program—part of the negotiated rulemaking or “neg reg” process—the Department of Education (ED) released draft language that focuses on TEACH Grant conversions to loans, as well as documentation and counseling requirements.

NASFAA UPDATES AND ANNOUNCEMENTS

Verification Frustration Swells With IRS Services Down, Lack of Guidance

With the current outage of the IRS Get Transcript Online and Get Transcript By Mail services, schools are increasingly frustrated by the inability to perform verification for affected students. After meeting with ED officials, it is NASFAA's understanding that ED is working to release verification guidance on alternative forms of documentation imminently. The IRS has said that online processes to obtain transcripts should be back online on January 14, although it is unclear what functionality will be restored due to the shutdown. NASFAA has responded to multiple media requests and Congressional inquiries on the matter as we continue to work with our federal colleagues. NASFAA will share information with schools as soon as it becomes available.

Leadership Conference

NASFAA's 2019 Leadership & Legislative Conference & Expo is quickly approaching. The annual conference includes two days of sessions designed to help financial aid professionals grow and thrive, wherever they are in their careers, followed by an optional day on Capitol Hill where participants can advocate on behalf of their students. Attendees will have their choice of four leadership pathways, including the brand-new Advanced Topics in Financial Aid Leadership pathway. Early Bird registration pricing runs through this Friday, January 11—register to save your spot today.

Webinar Logo

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.

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