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today’s news for Tuesday, June 1, 2021

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NEWS FROM NASFAA

NASFAA's FAFSA Simplification Implementation Working Group — chaired by Dean of Financial Aid at Amherst College Gail Holt, along with 12 other NASFAA members, six of whom are new NASFAA volunteers — started its work this week. After years of congressional effort to simplify the FAFSA, and multiple bills on the topic, the Consolidated Appropriations Act of 2021 made substantial changes to the need analysis formula and overall application for federal student aid. With an implementation date of July 1, 2023, the changes to the form must be ready for the 2023-24 award year FAFSA, which becomes available on Oct. 1, 2022. To this end, the FAFSA Simplification Implementation Working Group will work to provide campus-level feedback, perspective, and insight to both NASFAA and the Department of Education through the implementation process.

NASFAA UPDATES AND ANNOUNCEMENTS

If your goal is to become a financial aid director, we invite you to participate in a professional development opportunity designed especially for you, Aspiring Director Group Coaching, facilitated by Blue Icon Advisors. Over six weeks, you'll build leadership skills, network with your peers, and dig deep into enrollment management, compliance issues, and more. The next cohort starts June 7 and just three spaces are still available — register today to secure your spot.

They don't all end at the same time. See the COVID-19 Title IV Flexibilities and Waivers as of January 15, 2021 for the respective end dates for the various flexibilities. This chart is attached to the January 15, 2021 Electronic Announcement and is available under Resources in the AskRegs Knowledgebase. 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.

Yes, if the student or parent meets all of the conditions and limitations for making a late disbursement in 34 CFR 668.164(j). If the student is no longer enrolled, or is no longer enrolled half-time for Direct Loans, the late disbursement rules apply. 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.

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