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TODAY'S NEWS

today’s news for Monday, July 22, 2019

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NEWS FROM NASFAA

Paula Luff

As she begins her tenure as 2019-20 National Chair, Paula took some time to discuss with Today's News her goals for the next year and what inspires her as a financial aid professional. Read on for more about what Paula thinks are the biggest issues facing the profession, what her most motivating financial aid moment has been, and what she would be doing if she didn't work in financial aid.

DOD Extends Deadline for Senior Servicemembers to Transfer Education Benefits to Family

The Department of Defense (DOD) extended the deadline for senior servicemembers to transfer their Post-9/11 GI Bill education benefits to their family members. Currently, servicemembers who serve at least six years and commit to serving four more are eligible to transfer their education benefits. Last summer, DOD announced that only servicemembers with “less than 16 years of total active-duty or selected reserve service” would be eligible to do so after July 2019. “After a thorough review of the policy, we saw a need to focus on retention in a time of increased growth of the armed forces," Stephanie Miller of the Office of the Secretary of Defense said when the change was first announced. “This change continues to allow career servicemembers that earned this benefit to share it with their family members while they continue to serve.” The agency has given servicemembers in this category six more months to transfer their benefits, until Jan. 12, 2020.

Are you familiar with NASFAA's “Ask Mr. Ethics” series? Using NASFAA's Code of Conduct as a guide, Mr. Ethics offers practical advice on a range of topics. Today Mr. Ethics tackles a question about whether institutions can contract with companies in exchange for scholarship funds. Are you working through a common ethical question and want some help? Email Mr. Ethics at ethics@nasfaa.org with your inquiry. We will make sure your identity remains anonymous if your question is chosen to run in Today's News. Check out prior Ask Mr. Ethics columns for answers to other tricky questions.

NASFAA UPDATES AND ANNOUNCEMENTS

AskRegs

It depends on the Title IV program. Regulations require an institution to document that a student initiated attendance during any payment period or period of enrollment in which the student receives Title IV aid. Regulations do not specify how and when to document initiated attendance. Consequently, documentation is not required prior to disbursement, but it is required at some point. The rules vary by Title IV program. 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.

U.S. DEPARTMENT OF EDUCATION

During the period July 26-28, 2019, the Department of Education plans to implement additional COD System functionality that supports the Campus-Based programs and the processing of Federal Pell Grant, Iraq and Afghanistan Service Grant, TEACH Grant, and Direct Loan awards for the 2019–20 Award Year, 

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Ask Mr. Ethics: Can Schools Contract With Companies in Exchange for Scholarship Funds?

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