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The U.S. Department of Labor announced last week its Notice of Proposed Rulemaking to raise the salary cap for employees eligible for overtime pay. Currently, only employees with a salary below $455 per week ($23,600 annually) are able to receive overtime pay if they work more than 40 hours per week. If the Trump administration's proposal is finalized, that cap would be raised to $679 per week, or $35,308 annually. The administration estimates that this increased salary cap would make more than 1 million working Americans newly eligible for overtime pay.

This is your opportunity to train staff on administration of the Direct Loan programs. This course is not scheduled to be offered again during the 2019-20 season. “This course was terrific! I learned so much and really enjoyed interacting with my peers. All of the instructors were so helpful. I honestly have no complaints!” said a former course participant. NASFAA U's Federal Direct Student Loan Program Online Course is a perfect collaborative learning tool for financial aid professionals and has been designed with the necessary tools, equipment, and subject matter expertise to guide you through the process. This course is not included in the 2019-20 NASFAA U online course schedule. Don’t miss this opportunity. Enroll now.

Yes. NASFAA has confirmed with the U.S. Department of Education (ED) that schools and their third-party servicers can receive tax transcripts and Verification of Nonfiling Letters directly from the IRS by participating in the IRS Income Verification Express Service (IVES). For example, some schools contract out their Title IV federal student aid verification services to third-party servicers, and those third-party servicers use IVES on the school's behalf. View the full answer to this question to view the complete guidance from the Department of Education and search for answers to your other pressing regulatory and compliance questions, in NASFAA's AskRegs Knowledgebase.

NASFAA's "Director Download" was a limited-series podcast that gave financial aid administrators insights into the most pressing management and leadership issues. Wondering about the best ways to build your leadership skills and motivate your team? How about best practices to maintain a healthy work-life balance, or identify and navigate tricky situations when it comes to personal space and appropriate interactions? "Director Download" covers all of these issues and more. Check out all nine episodes and send us your questions, comments, and suggestions.

The U.S. Department of Education (Department) has determined that this guidance is significant guidance under the Office of Management and Budget’s, Final Bulletin for Agency Good Guidance Practices. Significant guidance is non-binding and does not create or impose new legal requirements.  The Department is issuing this guidance to provide institutions of higher education with information to assist them in meeting their obligations under the Higher Education Act of 1964 and implementing regulations, specifically at 34 CFR 668.41, 668.171, and 685.300 that the Department enforces.

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