This year, financial aid took a front seat in the news cycle and among discussions over public policy. Most notably, President Joe Biden announced his student loan cancellation plan, which would forgive between $10,000 to $20,000 in student loans for eligible borrowers. While his plan faces legal troubles, many are waiting anxiously to see if their debt will be canceled. There were also other changes in the financial aid world, including with FAFSA simplification, Pell Grants, borrower defense regulations, and more. Here are the top 10 articles NASFAA readers consumed in 2022:
White House Provides Detailed Preview of Student Loan Debt Cancellation Application
October 11, 2022 - The White House on Tuesday published a detailed preview of the application to receive student loan debt cancellation, highlighting what the site will look like as well as all the information a borrower can expect to submit
Updated: Biden Takes Executive Action on Student Loan Cancellation, Extends Repayment Pause
August 24, 2022 - Days before the student loan repayment pause was set to expire, President Joe Biden announced on Wednesday that he is canceling $10,000 in student loan debt for millions of borrowers and extending the pause on payments and interest accrual for federally-held student loans until Dec. 31, 2022.
Education Department Releases More Details About Biden’s Loan Debt Relief
September 7, 2022 - The Department of Education (ED) posted more information about President Joe Biden’s student debt relief announcement, including updated information on eligible loans and other frequently asked questions.
White House Extends Coronavirus National Emergency
February 23, 2022 - The White House on Friday extended the national emergency amid the coronavirus pandemic that was first declared in March 2020. The national emergency was set to expire on March 1, 2022 without an extension.
NASFAA Releases Updated, Estimated 2022-23 Pell Grant Payment and Disbursement Schedules
March 15, 2022 - NASFAA has released updated, estimated 2022-23 Pell Grant payment and disbursement schedules, as the fiscal year 2022 spending bill, which included a $400 increase to the maximum 2022-23 Pell Grant award, is awaiting President Joe Biden’s signature after passing both chambers of Congress.
FY 2022 Spending Bill Includes Clarifications, Improvements to FAFSA Simplification Act
March 10, 2022 - The omnibus spending package unveiled by congressional appropriators on Wednesday morning includes several changes to the FAFSA Simplification Act, which passed as part of last year’s appropriations bill in the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA).
Biden Launches Official Application for Student Debt Cancellation
October 17, 2022 - President Joe Biden on Monday announced that the Department of Education’s (ED) application for student loan cancellation is open and ready for eligible borrowers to fill out.
FSA Issues Guidance on 2023-24 Implementation Items from FAFSA Simplification Act
November 8, 2022 - Federal Student Aid (FSA) on Friday issued guidance on how it will implement several items from the FAFSA Simplification Act for the 2023-24 award year. The document provides information financial aid offices can use to implement the changes to cost of attendance (COA), professional judgment (PJ), provisional independent student status, and Pell Grant Lifetime Eligibility Used (LEU) restoration on their campuses. FSA announced earlier in the week in the Federal Register it would implement these changes for the 2023-24 award year using authority granted by Congress in the Consolidated Appropriations Act of 2022.
Biden Signs FY 2022 Budget Into Law, With Increases for Pell Grants and Student Aid Funding
March 16, 2022 - President Joe Biden on Tuesday signed Congress’ massive fiscal year 2022 spending bill into law, which contains $24.6 billion for federal student aid programs, and includes a $400 increase to the maximum Pell Grant award, bringing the total to $6,895 for the 2022-23 award year.
What Borrowers Need to Know About the Navient Settlement
March 1, 2022 - Tens of thousands of borrowers with student loans disbursed or serviced by Navient may be eligible for student loan cancellation under the terms of a settlement the company made with a group of state attorneys general last month.
Publication Date: 11/28/2022