Episode 149: Emergency Grant Taxability, Reporting Requirements, and Oversight of CARES Act Funds

This week on "Off The Cuff," Justin, Megan, Jill, and Allie reconvene to discuss the latest developments regarding CARES Act emergency grant funding for students and institutions, including new updates from the IRS that students' emergency grants will not be counted as taxable income. Jill explains the details of new guidance from the Department of Education on how, when, and where institutions must report data on student emergency grants, and what data points must be made publicly available. Plus, Allie describes a new class action lawsuit against ED arguing defaulted loan borrowers are wrongfully continuing to have their wages garnished, despite ED guidance saying it would halt collections. And the team wants to know: Where are you most looking forward to eating once we return to normal life?

Speakers

Justin Draeger

Megan Coval

Allie Arcese

Jill

Justin Draeger
President & CEO, NASFAA

Megan Coval
Vice President, Policy & Federal Relations, NASFAA

Allie Arcese
Managing Editor, NASFAA

Jill Desjean
Policy Analyst, NASFAA


 

Publication Date: 5/8/2020


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