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today’s news for Monday, March 18, 2024

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NEWS FROM NASFAA

Education Secretary Miguel Cardona, in a letter to college presidents sent on Friday, provided updates on progress the department has made in implementing the 2024-25 FAFSA and outlined steps schools could take to be best prepared for processing applicant data, which has now begun flowing to institutions.

NASFAA last week signed onto a community letter urging the Department of Education (ED) to delay reporting requirements, beyond the July 31, 2024 deadline, associated with the implementation of the department’s final rule for gainful employment (GE) and financial value transparency (FVT) framework. The final rule was a result of negotiated rulemaking conducted in the winter of 2021 and early spring of 2022. The letter, spearheaded by the American Council on Education (ACE), calls on ED to provide this flexibility in the wake of delays associated with the 2024-25 FAFSA so that schools can focus on packaging student aid. Read the full letter.

NASFAA UPDATES AND ANNOUNCEMENTS

Yes, but the student will not be eligible for Title IV federal student aid. In order to be eligible for Title IV aid, all required contributors (student, spouse, parents, as applicable) must provide consent and approval to transfer federal tax information (FTI) from the Internal Revenue Service (IRS) to the FAFSA using the FUTURE Act Direct Data Exchange (FA-DDX). View the full answer to this question to learn more.

Prison Education Programs (PEP) and the institutions they are part of need to manage their financials, and there are a variety of ways they do this. Programs need to balance legal jurisdictions, equity and fairness to students, and program sustainability. In this upcoming webinar, on March 27 at 2 p.m. ET, our panel will include program leaders with experience in analyzing these questions. Reserve your seat today.

U.S. DEPARTMENT OF EDUCATION

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