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TODAY'S NEWS

today’s news for Tuesday, November 13, 2018

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ProEducation Solutions. ProVerify is an automated verification solution that retrieves electronic tax data directly from the IRS within 72 hours of completing an e-Signed IRS Form 4506-T. Students and their parents do not have to obtain a tax transcript from the IRS. We do it for them. Want to see a live demo? Schedule a demo today!

NEWS FROM NASFAA

As results from last week’s elections continue to roll in, conversations have begun to arise around the implications that a potentially Democratic majority in the House could have on the reauthorization of the Higher Education Act (HEA) and other regulatory efforts by Education Secretary Betsy DeVos, as well as how policies championed by politicians-elect across the states around funding for higher education will affect college affordability.

Federal Student Aid (FSA) has identified an issue in the 2019-20 application cycle in which a C-Flag appears on an Institutional Student Aid Report (ISIR) when no corresponding comment code is present. Until a systems resolution is in place later this calendar year, schools may ignore C-Flags without corresponding comment codes.

NASFAA UPDATES AND ANNOUNCEMENTS

It is with great sadness we announce the passing of longtime financial aid advocate and friend Charles Bruce. Charlie retired in 2014 after serving for 33 years as the director of scholarships and financial aid at Oklahoma State University. Charlie was a stalwart supporter of financial aid and the students he served. Our sincerest condolences and best wishes go out to Charlie's family and friends and to SWASFAA. He will remain in our thoughts.

Webinar Logo

Join us tomorrow, Wednesday, November 14 at 2:00 p.m. ET for the NASFAA webinar, Verification 2019-20. This webinar will provide an overview of 2019-20 verification requirements and highlight any new or changed data element and documentation requirements. It will also review new U.S. Department of Education (ED) verification guidance provided over the past year, as well as some complicated cases that come up year after year. Join David Futrell, NASFAA Knowledgebase and AskRegs Manager, as he leads you through the latest verification requirements. Register now.

AskRegs

According to guidance beginning on page AVG-91 of the 2018-19 FSA Handbook, generally, "a student cannot update information that was correct as of the date the application was signed because the FAFSA is considered to be a 'snapshot' of the family's financial situation as of that date. ... After the FAFSA is signed, only certain items can be updated under certain conditions. View the full answer to this question and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

NASFAA U

This NASFAA U online course introduces attendees to basic financial aid concepts, categories and types of financial aid, the Title IV aid programs, and other federal sources of assistance to students. Not only an effective training tool for newer financial aid staff, it also offers your institution's non-financial aid staff a basic understanding of financial aid programs and requirements. Save your seat and enroll now.

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