NASFAA Seeks Regulatory Relief and Changes in NegReg Comments

NASFAA President and CEO Dr. Phil Day submitted comments to the Department of Education yesterday on topics for upcoming sessions of negotiated rulemaking. Day cautioned the Department to regulate only where necessary to ensure understanding of and compliance with the law and the integrity of the student aid programs. Day also asked the Department to proceed with an eye towards minimizing the diversion of institutional resources to fulfill meaningless requirements instead of better serving students.

Day thanked the Department for its willingness to examine not only new provisions implemented by the HEOA, but to also to convene a committee to develop proposed regulations to maintain or improve the integrity in other Title IV programs. NASFAA submitted the following subject matters for negotiation:

Return of Title IV Funds
Prior Year Charges
The Pell Grant Formula
FWS Job Descriptions
Enrollment Tracking
Overaward Tolerances
Cohort Default Rate Exceptions
Experimental Sites

NASFAA's full negotiated rulemaking comments are available online.

Posted 06/24/09 to www.NASFAA.org. Redistribution to non-NASFAA institutions is prohibited. Please submit Web site questions or comments to Web@NASFAA.org.