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TODAY'S NEWS

today’s news for Monday, January 13, 2020

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CampusLogic. President Michael Sorrell and professor and author David Kirp keynote EmpowerED—The Student Financial Success Conference, March 3-4, 2020 in Arizona. 20+ sessions led by industry giants and higher education professionals from institutions nationwide. Collaborate, debate, and drive student financial success, a key component of academic success. RSVP for EmpowerED >

NEWS FROM NASFAA

Francisco Valines

Meet Francisco Valines. Francisco has been a financial aid professional for 38 years, getting his start as a graduate student at the University of Florida in 1982. Since then, he’s worked in the financial aid offices at large public universities such as Texas Tech University, Washington State University, the University of Tennessee, Knoxville, and the University of Maryland, College Park. Francisco has served as the director of financial aid at Florida International University (FIU) for 14 years and counting, and said he is motivated by watching his students cross the stage at graduation each semester.

In an effort to address the growing concern for borrowers who face persistent financial hardships and difficulties repaying student loans, a report released this month sought to find lessons from borrowers who have lingering student loan debt from the 1990s or before. The report, written by Kristin Blagg, a research associate at the Urban Institute, hinted at the characteristics of people struggling with decades-old debt in an attempt to create policy recommendations for lawmakers seeking to address this issue. 

On Friday, NASFAA submitted comments to the Department of Education (ED) on proposed rules for the Teacher Education Assistance for College and Higher Education (TEACH) Grant program and Title IV eligibility provisions for faith-based entities. Because of the known challenges in the current implementation of the TEACH Grant program and because there is no significant burden associated with the faith-based entities provisions, NASFAA recommended that ED use its authority to permit early implementation when the final rules are published, so as to benefit the most students possible. Read NASFAA’s full comments.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA 2020 Conference Logo

We're excited to announce that registration is now open for NASFAA 2020, our annual national conference. Join us in person at the Aria Resort & Casino in Las Vegas, or register for "NASFAA Live" — our web-based livestreaming conference option, so you and your staff can actively participate in the conference from the comfort of your own office. Whether in Las Vegas or from afar, we hope you'll join us June 29-July 2, 2020 for what is sure to be an engaging and informative conference. Register today to save your spot, and review the tentative conference schedule. We hope to see you there!

AskRegs

Yes. If the student is still enrolled for the award year/academic year, the student is eligible for retroactive disbursements of Direct Loan, Federal Pell Grant, TEACH Grant, and campus-based funds that would otherwise have been received during the first term of the award year/academic year, in accordance with 34 CFR 668.164(k) and the guidance included. If the student is no longer enrolled, late disbursement rules under 668.164(j) apply. 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.

Webinar Logo

Although it's not uncommon for financial aid offices to be housed in an enrollment management unit today, far too few financial aid administrators make the leap from leadership in the financial aid office to leadership in enrollment management. Join us on Thursday, January 30, at 2:00 p.m. ET for NASFAA's pop-up webinar, Making the Leap to Enrollment Management, as Tom Green of AACRAO and Chuck Knepfle of Portland State University share research from AACRAO as the background for a discussion of some of the issues that have prevented more financial aid leaders from exploring this career path. They will also discuss ways financial aid leaders can prepare themselves for leadership roles in enrollment management. This webinar is free to members and non-members, but you must register in advance.

U.S. DEPARTMENT OF EDUCATION

The Office of Management and Budget (OMB) has approved the Servicemembers Civil Relief Act (SCRA): Interest Rate Limitation Request form under OMB Control Number 1845-0135. The expiration date of the form is Dec. 31, 2021 and replaces the previous version with an expiration date of Oct. 31, 2018.

The Office of Management and Budget has approved the Private Education Loan Applicant Self-Certification form under OMB Control Number 1845-0101 with no changes from the earlier version of the form.

FEDERAL REGISTER

This notice revises (a) the Deadline for Transmittal of Applications and (b) information provided in Section I of a Dec. 16, 2019 notice. 

This request is for approval of reporting requirements that are contained in the Federal Family Education Loan Program (FFELP) regulations which address the targeted teacher deferment provision of the Higher Education Act of 1965, as amended.

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