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TODAY'S NEWS

today’s news for Tuesday, March 31, 2020

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NEWS FROM NASFAA

On March 13, President Donald Trump declared a national emergency due to the novel coronavirus outbreak — which also became the date on which the Department of Education (ED) announced it would retroactively apply a policy to stop requests to withhold the wages, tax refunds, and Social Security benefits of borrowers who are in default on their federal student loans for at least the following 60 days. However, a group of Democratic lawmakers sent a letter to Education Secretary Betsy DeVos Friday arguing that the date does not reach far back enough to support borrowers impacted by COVID-19. 

AskRegs

Scenario: We have been asked by state authorities to permit our fourth-year medical students to graduate three weeks early to assist on the front lines of the COVID-19 pandemic. In this scenario, our semester would still be 16 weeks in length and our academic year would still exceed 30 weeks of instructional time. In terms of Title IV aid, this population would be eligible for Direct Loans. 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

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Have you scheduled your knowledge exam yet? Exam dates and times are filling up, so be sure to schedule your exam session soon. The upcoming testing window is open from April 6-20, 2020. The next available testing window will open in June. Learn more about the testing process and make sure you meet all of the technical requirements. If you haven’t already applied, it’s not too late to complete your application online.

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Join NASFAA's Tiffany Gibbs and Lissa Powell, along with school panelists, at 2:00 p.m. ET, Wednesday, April 22 for the Satisfactory Academic Progress: Basics & Beyond webinar. After a review of the fundamental concepts of satisfactory academic progress (SAP), presenters will examine topics such as the requirement that a school's academic standards for Title IV recipients be the same as — or stricter than — those for non-Title IV recipients, frequency of evaluation, and maximum timeframe. We will also discuss flexibilities provided in the satisfactory academic progress regulations and guidance, as well as some more challenging scenarios, such as grade changes, for which additional clarification has been provided by the Department of Education (ED). Register now.

FEDERAL REGISTER

The Assistant Secretary for Postsecondary Education proposes priorities, requirement, and definitions for the Open Textbooks Pilot program conducted under the Fund for the Improvement of Postsecondary Education (FIPSE), Catalog of Federal Domestic Assistance (CFDA) number 84.116T.

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