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GradBridge. Our second-look private student loans give students who were previously denied by another lender access to a new path to financing. Through expanded credit criteria, we help more students and families bridge the gap between college costs and available aid so they can stay enrolled and continue toward graduation. Learn more about GradBridge.

On Wednesday the Department of Education (ED) released its official fiscal year (FY) 2023 cohort default rates (CDRs). The FY 2023 national rate is 0.4%, up from 0% for FY 2022, as was expected as pandemic-era borrower protections ended during the cohort’s default measurement window. NASFAA is pleased to announce a new resource for financial aid administrators, the CDR Web Center. The web center contains a CDR explainer, NASFAA coverage of recent CDR news, ED resources, and more. Visit NASFAA’s CDR web center for the latest on CDRs.

The Department of Education (ED), in collaboration with the Treasury Department, announced on Wednesday a new online portal to support borrowers who have defaulted on their federal student loans and aims to return them to repayment.

The NASFAA website will be unavailable starting at 3:00 p.m. ET on Thursday, October 8, for scheduled maintenance. The outage is expected to last a few hours, and the site will be fully restored when complete. This maintenance window will also impact other NASFAA entities, including AskRegs, the Compliance Engine, Online Courses, and the Testing Center. Thank you for your patience while NASFAA works to maintain our online resources.

Get the recognition you deserve by earning the FAAC® designation. If your application has already been approved, purchase the Certified Financial Aid Administrator® Knowledge Exam. Schedule your session online until the 21st of this month, or any of the upcoming testing windows. If you haven’t applied yet, take advantage of the waived application fee and complete your application online right away. Learn more about the testing process and make sure you meet all of the technical requirements. Utilize candidate resources to review for the exam.

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