NASFAA
TODAY'S NEWS

today’s news for Tuesday, December 1, 2020

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The College Board. College Board stands ready to assist the community as you respond to COVID-19 and deliver aid in new and different ways. Institutional Documentation Service (IDOC) allows families to submit documents via a secure file upload or mail and can be implemented in a few days during this time of displacement.

NEWS FROM NASFAA

With less than two months until Inauguration Day, the Department of Education (ED) will need to decide if it will address the impending deadline on the student loan moratorium or allow the pause to lapse, effectively forcing President-elect Joe Biden’s administration to re-implement the policy. While the transition process has been stymied by a number of lawsuits from the outgoing administration over election certifications, the General Services Administration’s (GSA) recent announcement that the presidential transition could begin frees up a number of resources for the incoming administration that could bring more certainty for federal agencies and create a smoother hand-off.

NASFAA UPDATES AND ANNOUNCEMENTS

AskRegs

Yes. NASFAA has confirmed with the U.S. Department of Education (ED) that a student can withdraw due to COVID-19 and receive the CARES Act withdrawal benefits multiple times. That said, the school might consider asking for more "robust documentation" from the student should that happen. 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.

As NASFAA becomes more engaged in state policy and advocacy, we want to hear from you! We've created this form for you to share any proposed, pending, or recently passed legislation that could impact the financial aid community in your state, or to simply update us on percolating issues. You are our eyes and ears as we work to have a greater influence in student aid policy across the country, and this information will help us better track proposals and trends in state student aid policy. We appreciate your help!

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First up in 2021, NASFAA U is offering the Verification: 2021-22 online course beginning January 11. Don’t miss this valuable training opportunity, perfect for both new and seasoned financial aid professionals, designed to provide the necessary tools and subject matter expertise to guide you through the verification 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. Reserve your seat now for this popular course before it fills up.

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