Brought to you by:

ProEducation Solutions. The future is automated! ProVerify Automated Verification Solutions contain 350+ Smart Rules to automate 100% of your institution's federal verification. ProVerify combines, TaxDox electronic IRS retrieval, paperless verification powered by DocuSign, and ProEddy chatbot which provides answers to verification questions 24/7/365. ProVerify is the most tech savvy verification platform on the market. Let ProVerify automate verification, identify data conflicts and quickly resolve them.

While enrollment trends this semester look dim due to the ongoing pandemic, multi-year trends paint a far more troubling picture, according to a report from the Center for American Progress. From the 2014-15 to the 2018-19 academic year, enrollment at institutions of higher education dropped an average of 5 percentage points, equating to more than 1 million students. At public four-year institutions, enrollment dropped by 2.5 percentage points, or 425,000 students. 

There has not been any specific written guidance to date from the U.S. Department of Education (ED) concerning the handling of unclaimed Higher Education Emergency Relief Fund (HEERF) student grants. However, our understanding is that the requirement that funds not be permitted to escheat to the state applies broadly to all federal funds, not only Title IV funds, and HEERF would therefore be included. 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.

This weekend, on October 24 we'll celebrate NASFAA Member Appreciation day — the anniversary of NASFAA's founding in 1966. Even though we celebrate on the day of NASFAA's founding, the day is about NASFAA members — the lifeblood of our organization! To help celebrate, take a look back at the last several decades of the work that you, our members, have accomplished in our timelines chronicling each decade of NASFAA’s existence. The timelines track how the world of financial aid has transformed and evolved over the years. On behalf of the NASFAA staff, thank you for all you do!

We're pleased to announce that Blue Icon has teamed up with Napier Executive Search to ensure new financial aid directors are equipped with the training and support they need in order to thrive when stepping into new roles. Effective immediately, all financial aid director searches conducted by Napier Executive Search on behalf of colleges and universities will include a customized package of Blue Icon Advisors' virtual group coaching or one-on-one executive coaching. This professional development package will be provided to the hiring institution and made available to the selected candidate so they may further their own professional development after beginning their new position. Learn more.

Successful consulting does not always need to occur face-to-face. Blue Icon Advisors, NASFAA Consulting, and the Standards of Excellence review program offer remote compliance and consulting services to schools as a lower-cost (but not lower-quality) alternative to being on campus. Attend our webinar on November 10 at 2:00 p.m. ET to learn about remote services and how they can help you achieve your goals. This 60-minute webinar is free, but you must register in advance.

This announcement informs Health Education Assistance Loan (HEAL) Program lenders and lender servicers of new HEAL Program interest rates. The maximum HEAL Program interest rates for the quarter ending Dec. 31, 2020 are now available in the “Current Maximum Interest Rates” section of the HEAL Interest Rates page of the HEAL Information area on the IFAP website.

VIEW NEXT ISSUE

Contact us to submit questions, content or to purchase advertisements.