NASFAA
TODAY'S NEWS

today’s news for Monday, May 11, 2020

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The College Board. College Board stands ready to assist the community as you respond to COVID-19 and deliver aid in new and different ways. Institutional Documentation Service (IDOC) allows families to submit documents via a secure file upload or mail and can be implemented in a few days during this time of displacement.

NEWS FROM NASFAA

For months, the debate over the merits and drawbacks of "free college" has saturated the news cycle, 2020 presidential campaign trail, think tank discussions, and college campuses. However, as the world’s focus shifted to the spread of the novel coronavirus and its devastating effects on society — including finding ways to mitigate its disruption of higher education for students — those conversations have taken a backseat as states wrestle with a new reality of economic uncertainty.

COVID-19 ASKREGS

AskRegs

Yes. Higher Education Emergency Relief Fund grants to students and Emergency Federal Supplemental Educational Opportunity Grant (FSEOG) awards and included on IRS Form 1098-T. 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.

AskRegs

Determining whether a student withdrew due to COVID-19 depends on whether there was an interruption of instruction or campus operations due to COVID-19 during the payment period or period of enrollment within the covered period. 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.

AskRegs

Uncertain. Here's what we know at this time: A-133 audit requirements apply to federal grant programs, and Higher Education Emergency Relief Fund (HEERF) grants (student and institutional shares) would appear to fall within that category. 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.

AskRegs

This AskRegs Knowledgebase Q&A has been updated to reflect guidance in the May 15, 2020 Electronic Announcement that further defines the return of Title IV funds (R2T4) reporting requirements under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). 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.

NASFAA UPDATES AND ANNOUNCEMENTS

With stay-at-home orders varying by state, it's unclear when campus operations will resume as normal. Last week we asked you when financial aid office staff at your institution are expected to return to campus. Of the 513 respondents, 67% said no return date has been set yet, 19% said financial aid staff would return on or before June 1, and 14% said they would return sometime over the summer. If you'd like to take more polls, head to our Poll the Pros page.

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If you were unable to join us for the April 30, 2020 webinar, Straight Talk About the Exam, register today to view the on-demand webinar and access the handout. The panelists provided insight about their exam experience, and shared their own advice for how to prepare. If you attended the live event, you can still use your registration link to access the on-demand event.

FEDERAL REGISTER

The Department of Education (Department) is issuing a notice inviting applications (NIA) for new awards for fiscal year (FY) 2020 for the Coordinating Center for Transition Programs for Students with Intellectual Disabilities into Higher Education—Model Comprehensive Transition and Postsecondary Programs for Students with Intellectual Disabilities Program-Coordinating Center (TPSID-CC), Catalog of Federal Domestic Assistance (CFDA) number 84.407B.

The Department of Education is issuing a notice inviting applications (NIA) for new awards for fiscal year (FY) 2020 for the Transition Programs for Students with Intellectual Disabilities into Higher Education (TPSID)—Model Comprehensive Transition and Postsecondary Programs for Students with Intellectual Disabilities Program, Catalog of Federal Domestic Assistance (CFDA) number 84.407A. This notice relates to the approved information collection under OMB control number 1840-0006.

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