Brought to you by:

FATV. Hi, I am Penny, FATV's Artificially Intelligent Chatbot. I am a great and affordable way to answer student financial aid questions 24/7/365. I am the only solution that makes use of 15 years of student questions and answers, an unrivaled library of financial aid videos, along with customized school content. I run on an IBM AI engine and can be branded for your school. Call 888-704-9090 or visit our website to learn more.

With the 2016 borrower defense to repayment regulations currently in effect, the Department of Education (ED) in March issued guidance reminding institutions of financial responsibility reporting requirements. Because the regulations became effective at an unusual time of year, ED's guidance stipulated that any required notifications must be made by May 14, 2019. However, ED has received a number of questions about the reporting requirements, and said in an Electronic Announcement published Monday that once it provides answers, schools will have the opportunity to amend or supplement their reports.

As a friendly reminder, Friday, May 31 is the last day to cancel your conference registration. If you need to cancel your conference registration, change the attendee for your institution, or switch your registration type from in-person attendance to remote attendance, complete the Conference Cancellation & Change of Attendee Form. If you do not cancel your registration by 5:00 p.m. ET on May 31, you will be responsible for the full amount of the registration fees and will be billed. If you cancel your registration, don't forget to cancel your room reservation, too!

Yes. According to guidance NASFAA has received from the U.S. Department of Education (ED), there is no regulatory prohibition on retroactive SAP appeals; it would be up to the institution. However, ED has recently clarified that there are limitations. View the full answer to this question to learn more about the limitations and search for answers to your other pressing regulatory and compliance questions, in NASFAA's AskRegs Knowledgebase.

On March 15, 2019, the Department of Education issued an Electronic Announcement, with the subject "Guidance Concerning Some Provisions of the 2016 Borrower Defense to Repayment Regulations." Recently the Department has received a number of inquiries as to the implementation of the guidance in the Electronic Announcement relating to the reporting requirements in the financial responsibility regulations.

As described in the March 2019 Executive Order on Improving Free Inquiry, Transparency, and Accountability at Colleges and Universities, the U.S. Department of Education will calculate and disseminate data metrics by field of study through the College Scorecard. In order to accurately calculate the data metrics referenced in the Executive Order, ED has enabled functionality for institutions to update their historical program-level enrollment data reported to the National Student Loan Data System, from which College Scorecard data metrics will be derived.

The Secretary announces the annual updates to the ICR plan formula for 2019 to give notice to borrowers and the public regarding how monthly ICR payment amounts will be calculated for the 2019-2020 year under the William D. Ford Federal Direct Loan (Direct Loan) Program, Catalog of Federal Domestic Assistance number 84.063.

VIEW NEXT ISSUE

Contact us to submit questions, content or to purchase advertisements.