"The Biden administration has begun notifying some colleges that it has reinstated the ability of certain defaulted borrowers to receive new federal student loans — as part of the “fresh start” initiative that officials announced earlier this year," POLITICO reports.

..."Justin Draeger, president of the National Association of Student Financial Aid Administrators, said the notices have sparked frustration among schools because the administration has not answered 'basic questions' about how the reinstatement of aid will work. 'It’s disappointing that one of the administration’s signature programs has apparently launched before schools have received guidance on how to operationalize it,' Draeger said."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 8/15/2022