NASFAA Webinar

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Topic: The Final Rules, Fall 2007: General Provisions Package
Date Recorded: November 14, 2007

This Webinar reviews the final rules published in the Federal Register as the "General Provisions" package on November 1, 2007. It describes changes to the:

• General provisions definitions;

• Title IV payment period provisions and when Title IV funds may be disbursed;

• Minimum loan period and annual loan limit progression provisions;

• Cash management provisions for drawing down, disbursing, and handling Title IV funds; and

• Formula used for certain types of academic programs when calculating the amount of Federal Pell Grant, Academic Competitiveness Grant, and National SMART Grant for a payment period.

View Handouts

• Handout A
  
• Handout B

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Background Information

In response to legislative activity as well as the need to update certain Title IV regulations, the Department of Education (ED) established negotiated rulemaking panels that met from December 2006 through April 2007. Three Notices of Proposed Rulemaking (NPRM) resulted from those efforts, although the negotiators did not reach consensus agreement on all of the issues discussed. Following a period of public comment, final rules have now been issued.

NASFAA presents this series of Webinars, The Final Rules, Fall 2007, to help our members begin their analyses of the revised rules and prepare for implementation of the regulatory changes.

Please direct all questions and comments about NASFAA Webinars to Webinars@NASFAA.org.