"Twelve days out from the start of her senior year at Texas Christian University, Kaylee Webb was still waiting for a $19,000 Parent PLUS Loan that would help pay for tuition, fees, room and board at her dream school—as it had every semester so far. But the loan never came," Inside Higher Ed reports.

... "But not all colleges see the department’s clarification, delivered via a webinar, as binding. And even groups like the National Association of Student Financial Aid Administrators say they can’t provide blanket advice and are encouraging institutions to consult with their own legal counsel.

... "Karen McCarthy, vice president of federal relations at NASFAA, said the compounding challenges trace back to two root causes: the complexity of the bill and the time crunch the department had to implement it."

"'What we are seeing now is the impact of not following that master calendar,' McCarthy said, referring to the department’s typical schedule of finalizing rules by Nov. 1 so that colleges have time to implement the changes the following academic year."

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: 9/21/2026