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ELM Resources. From our family to yours, we send a warm Happy Holidays greeting your way! And, ELM's Season of Thanks continues this month with a celebration of our recent survey results. We are so honored and proud of the trust you place in us each day. Your needs are our focus. Contact us to learn more about how we can help you. Visit www.elmresources.com or contact us at [email protected].

The Policies & Procedures (P&P) Builder, a module of NASFAA’s Compliance Engine, guides you step-by-step through the creation of a centralized, accessible policies and procedures manual. Due to the timing of the release of the P&P Builder template each year, the U.S. Department of Education (ED) may provide new guidance which affects the existing template. In response, updates will be made to the P&P Builder template. The new P&P Builder template for the 2020-21 award year will be released in early August. It will provide references to guidance related to the COVID-19 national emergency, as well as any regulatory changes effective July 1, 2020. The following article shows the regulatory changes in summary.

Yes. Under the statutory requirement, any postsecondary institution receiving federal funds must hold an educational program pertaining to the U.S. Constitution on September 17 of each year. Constitution Day and Citizenship Day is an American federal observance recognizing the adoption of the United States Constitution and those who have become U.S. citizens by birth or naturalization. It is normally observed on September 17, the day the U.S. Constitutional Convention signed the Constitution in 1787 in Philadelphia. View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions, in NASFAA's AskRegs Knowledgebase.

This AskRegs Knowledgebase Q&A has been updated to include a reference to reporting guidance in the July 30, 2020 Electronic Announcement and its attachment. In the July 30, 2020 Electronic Announcement, ED announced its plans to phase in the reporting requirements in the Common Origination and Disbursement (COD) System. Beginning August 2, 2020, schools will need to begin assigning a Coronavirus Indicator in COD to all actual disbursements for students for whom the school implemented the Return of Title IV Funds (R2T4) waiver. View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions, in NASFAA's AskRegs Knowledgebase.

The NASFAA U Direct Loans online course, one of our most popular offerings, begins on September 8. This eight-week interactive online course will review the Direct Loan application and origination process, eligibility criteria, annual and aggregate limits, loan periods, loan repayment plans, deferments, forbearance, discharges, and counseling requirements. This course is the perfect learning tool for new and intermediate level financial aid professionals, designed to provide the necessary tools and subject matter expertise to guide you through the Direct Loan process. Live instruction, discussion topic collaboration, and assessments throughout the course will reinforce key concepts. Upon passing the course, you will receive complimentary access to the credential test. Register now to reserve your seat.

In this Foreign School Update, the Department of Education (ED) provides foreign schools information about expanded functionality for the Student Aid Internet Gateway (SAIG) Enrollment website now available to Primary Destination Point Administrators (PDPAs).

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