NASFAA
TODAY'S NEWS

today’s news for Monday, December 2, 2019

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NEWS FROM NASFAA

"The financial aid community mourns the loss of our friend and colleague Jeff Appel. To know Jeff is to know true selfless public service," said NASFAA President Justin Draeger. NASFAA was notified on Friday about the passing of Federal Student Aid's Director of Policy Liaison and Implementation Jeff Appel, and issued the following statement.

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NASFAA UPDATES AND ANNOUNCEMENTS

Leadership Conference

NASFAA's 2020 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 Compliance Management pathway, and the popular Strategic Enrollment Management pathway. Early Bird registration pricing runs through this Friday, December 6 — register to save your spot today.

Blue Icon

For many schools, now is the time to think about next year's budget. Blue Icon Advisors' custom approach can help turn that dream project into a reality. From new aid director coaching and enrollment management advising, to operations reviews and compliance assessments, Blue Icon offers a wide array of services. Contact Blue Icon to discuss your project and receive a cost estimate to include in your budget request.

AskRegs

No. There is nothing in regulations allowing schools to backdate enrollment for purposes of awarding Pell Grants. There are two issues with this. First, 34 CFR 690.80(b)(2) addresses the recalculations of Federal Pell Grants. Even if a student's enrollment was backdated, the Pell Grant could not be recalculated after your selected census date, also known as the Pell recalculation date (PRD). The second, and much larger, issue involves administrative capability. View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions, in NASFAA's AskRegs Knowledgebase.

U.S. DEPARTMENT OF EDUCATION

The 2020–2021 Common Origination and Disbursement (COD) Technical Reference is now posted.

FEDERAL REGISTER

The Department of Education is seeking to renew OMB control number 1845-0147 for the collection of URLs hosting institutional contracts and contract data relating to campus banking agreements.

The Department of Education requests a revision of the current information collection associated with OMB Control Number 1845-0142 due to an increase in the number of borrowers asserting a borrower defense to repayment claim. The only change to the collection is an update to increase the number of respondents, responses and burden hours.

The Secretary of Education proposes to establish six priorities for discretionary grant programs that would expand the Department of Education's flexibility to give priority to a broader range of applicants with varying experience in administering Federal education funds.

The proposed information collection outlines categories of terminology used by accrediting agencies to describe actions and statuses, and provides guidance to federally recognized accrediting agencies on the information to be reported to the Department of Education under 34 CFR 602.26 and 602.27(a)(6) and (a)(7). 

The Secretary of Education announces a priority for discretionary grant programs that supports alignment between the Department of Education's discretionary grant investments and the Administration's Opportunity Zones initiative.

This request is for a revision of the information collection supporting the policies and reporting requirements contained in Subpart E of Part 668—Verification and Updating of Student Aid Application Information.

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