today’s news for Thursday, May 20, 2021

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College Board. PowerFAIDS™ is affordable, easy-to-use software that automates every task in your financial aid process. Join our community of almost 700 institutions to stay up to date on regulatory compliance and user best practices for managing CARES Act funding.


Earlier this week, the Department of Education (ED) indicated that it would not reverse Education Secretary Betsy DeVos’ repeal of the gainful employment rules and would instead go through the negotiated rulemaking process to restore the Obama-era regulations. The move by ED was announced through a letter, first reported by POLITICO, which cited correspondence with the department from an administrative complaint filed by a consumer advocacy group, Student Defense.


There is no indication that HEERF I, HEERF II, or HEERF III student grants awarded to international students are taxable. 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 was updated on May 14, 2021 to include guidance in the May 11, 2021 Higher Education Emergency Relief Fund (HEERF) III Frequently Asked Questions  as it relates to HEERF I grants under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), HEERF II grants under the 2021 Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA, Section 314 of the Consolidated Appropriations Act, 2021), and HEERF III grants under the American Rescue Plan Act of 2021. 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.

Immigration policy is constantly changing, especially with the recent election. DACA and undocumented students remain in limbo, with few options for financial aid and no long-term immigration solutions passed by Congress. Join in this 60-minute webinar on Thursday, May 27 at 2:00 p.m. ET for a discussion on how to advise DACA and undocumented students in the current climate, and share best practices and resources. 

There is still time to prepare for the certification knowledge exam before the upcoming June testing window opens. Begin with a realistic self-evaluation of what you already know based on your training and experience, using the Exam Content Outline in the Candidate Handbook. Focus your review on topics where you feel less confident or you've had minimal first-hand experience, using the recommended resources, like the complimentary Exam Preparation Guide. Gain even greater confidence through informed preparation and you'll be ready on Exam Day!

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