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NASFAA Submits Comments on Proposed Gainful Employment and Financial Value Transparency Reporting Requirements
April 23, 2024 - On Monday NASFAA submitted to the Department of Education (ED) its comments on ED’s proposed Gainful Employment (GE) and Financial Value Transparency institutional reporting requirements. NASFAA expressed concern that ED’s recently announ... -
NASFAA Deep Dive: Why Did the SAI Inflation Adjustments Reduce the Asset Protection Allowance to Zero?
February 1, 2024 - NASFAA has received a number of inquiries from members who noticed the values for the asset protection allowance (APA) are $0 in the final guide, while the draft guide included values for those figures. The short answer: the zeroes are correct. For a... -
ED Wraps Up First Week of Program Integrity and Institutional Quality Negotiations
January 12, 2024 - The Department of Education (ED) and non-federal negotiators wrapped up their fourth and final day of negotiations related to program integrity and institutional quality on Thursday, focusing the entire day on the topic of accreditation. The day bega... -
Neg Reg Committee Works Through R2T4 and Begins Overview of Accreditation
January 11, 2024 - The Department of Education (ED) on Wednesday worked through another pair of issue papers during its third day of negotiated rulemaking (neg reg) for issues related to the Return of Title IV funds (R2T4) and accreditation. -
Final 2024-25 Paper FAFSA Approved by Office of Management and Budget
December 14, 2023 - The Office of Management and Budget (OMB) on Friday approved the Department of Education’s (ED) draft paper FAFSA for the 2024-25 aid year. The paper form will presumably be released at the same time as the online version, with the exact date y... -
Deep Dive: Final Rules on Administrative Capability, Certification Procedures, Financial Responsibility, and Ability to Benefit
November 1, 2023 - On Tuesday, the Department of Education (ED) released final rules on the four remaining topics from its 2020-21 Institutional and Programmatic Eligibility negotiated rulemaking session. The rules become effective July 1, 2024. -
Deep Dive: ED Releases Unofficial Final Rule on Gainful Employment and Financial Value Transparency Framework
October 5, 2023 - Last week, the Department of Education (ED) released its unofficial final rule on Gainful Employment (GE) and its new Financial Value Transparency framework, which it plans to officially release in the Federal Register on October 10, 2023. The rule r... -
Deep Dive: ED Issues FAFSA Simplification Implementation Guidance for 2024-25 Award Year
August 9, 2023 - On Friday, the Department of Education (ED) released implementation guidance and an updated FAQ document for the FAFSA simplification provisions that become effective in the 2024-25 award year. While the guidance largely repeats provisions of the law... -
ED Releases Final Rule on Latest Income-Driven Repayment Plan
July 12, 2023 - The Department of Education (ED) on Monday released its final rule on the Saving on Valuable Education (SAVE) repayment plan. The final rule is a result of negotiated rulemaking conducted in the fall and winter of 2021. -
Department of Education Opens 30-Day Comment Window for Federal Work-Study Reporting
June 14, 2023 - The Department of Education (ED) on Tuesday opened a 30-day comment period for its proposed information collection request (ICR) to collect individual student Federal Work-Study (FWS) annual earnings data from institutions. Notably, ED added a new bu... -
Deep Dive: Department of Education’s Proposed Administrative Capability & Certification Procedures Regulations
May 26, 2023 - The Department of Education (ED) last week issued proposed regulations on administrative capability and certification procedures. ED negotiated this section of the regulations in a rulemaking session held in early 2022, where it also discussed instit... -
Deep Dive: Department of Education's Proposed Financial Responsibility Regulations
May 24, 2023 - The Department of Education (ED) last week issued proposed regulations on standards of financial responsibility for postsecondary institutions. ED cited in its proposal an overarching desire for better oversight tools to allow the department to more ... -
Deep Dive: Department of Education’s Proposed Ability to Benefit Regulations
May 23, 2023 - The Department of Education (ED) last week released its proposed regulations for establishing Title IV student aid eligibility for individuals who lack a high school diploma or equivalent, commonly referred to as the ability to benefit (ATB) regulati... -
Deep Dive: ED’s Proposed Financial Value Transparency and Gainful Employment Regulations
May 22, 2023 - On Friday, the Department of Education (ED) issued proposed regulations on financial value transparency and gainful employment (GE). ED negotiated gainful employment in a rulemaking session held in early 2022, where it also discussed institutional an... -
Department of Education Issues Another Update on Third-Party Servicer Guidance
May 18, 2023 - The Department of Education (ED) on Wednesday issued a new Dear Colleague Letter (DCL) related to colleges and universities contracting with third-party servicers to administer Title IV aid programs and other services, including recruiting, retention... -
ED Releases 2024-25 Draft FAFSA for Public Comment
March 24, 2023 - On Thursday the Department of Education (ED) released its first draft of the 2024-25 FAFSA as well as the Incarcerated Applicant Form, for use by students enrolled in Prison Education Programs, and draft output documents. This year’s preview is... -
Education Department Requests Public Comments on Proposed Federal Work-Study Data Collection
March 16, 2023 - On Tuesday the Department of Education (ED) opened a 60-day comment period on a proposed new information collection by which institutions will be required to report individual students’ Federal Work-Study (FWS) earnings through the Common Origi... -
NASFAA Members Weigh in on Preparedness for FAFSA Simplification
February 27, 2023 - In February 2023, NASFAA distributed a survey to NASFAA member institutions to assess their institution’s knowledge about and readiness for FAFSA Simplification Act implementation. The survey — which asked participants to rate their insti... -
ED Publishes Request for Information for List of Low-Financial-Value Postsecondary Programs
January 13, 2023 - The Department of Education (ED) on Wednesday published in the Federal Register a Request for Information (RFI) regarding public transparency for low-financial-value postsecondary programs. The RFI shares ED’s plans to publish an annual list of... -
NASFAA Analysis: ED Issues Draft Income-Driven Repayment Regulations
January 12, 2023 - The Department of Education (ED) on Wednesday released draft income-driven repayment (IDR) regulations, the final remaining topic from its fall 2021 Affordability and Student Loans negotiated rulemaking committee. Other topics covered by the committe... -
FSA Announces New FAFSA Specifications Guide
January 5, 2023 - Last month, Federal Student Aid (FSA) announced its new FAFSA Specifications Guide for the 2024-25 aid year and published a draft introduction along with its first draft volume of the guide. -
ED Publishes First Annual List of Funds Counted in Upcoming 90/10 Calculations
December 22, 2022 - The Department of Education (ED) on Wednesday released its list of federal education assistance funds proprietary institutions of higher education must use to calculate their percentage of revenue from federal sources. -
HEERF Year 3 Reporting Period Set to Open March 6
December 16, 2022 - This week, the Department of Education's (ED) Education Stabilization Fund (ESF) Reporting Helpdesk emailed institutions' designated HEERF grant contacts information about Higher Education Emergency Relief Fund (HEERF) annual reporting for the third ... -
House Republicans Introduce Financial Aid Offer Legislation
December 6, 2022 - In response to the Government Accountability Office's report examining institutional aid offer practices, Rep. Virginia Foxx (R-N.C.), ranking member of the House Education and Labor Committee, and Rep. Lisa McClain (R-Mich.) on Monday introduced the... -
Department of Justice Issues New Guidance on Discharging Federal Student Loans in Bankruptcy
November 21, 2022 - The Department of Education (ED) on Thursday announced the culmination of a joint effort with the Department of Justice (DOJ) to develop a new process for federal student loan bankruptcy discharge cases in the interest of a more equitable, consistent...