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today’s news for Friday, June 4, 2021

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NEWS FROM NASFAA

Universal federal student loan forgiveness has been thrust into the spotlight of late as a way to fix what has been dubbed a national crisis: more than $1.6 trillion in outstanding student loan debt. Missing from the conversation, however, is the acknowledgement that unmanageable debt is a result of a flawed repayment system, rather than the cause of complicated repayment issues. NASFAA, with support from Arnold Ventures, today kicks off an 18-month-long project in which it will develop thoughtful, targeted policy solutions to treat the causes of student loan repayment issues. Through this grant work, NASFAA will develop policy recommendations to treat the underlying flaws in our current student loan repayment system that lead borrowers into financial hardship, while underscoring the benefits of a strong self-help federal loan program. Read more about the grant, and the work to come.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA Thanks Its Steadfast Associate Members

NASFAA extends a well-deserved and heartfelt "thank you" to our associate members for their financial support. Our associate members are a key piece of the puzzle as they help make it possible for NASFAA to provide financial aid training, networking opportunities, and professional development at the conference. NASFAA recognizes and thanks the following associate members for their year-round support: College Ave, Earnest, Inceptia, Ocelot, Sallie Mae, and SoFi.

Thanks to everyone who took a trip through the Student Aid Reference Desk scavenger hunt last week! We are pleased to announce our five randomly selected winners are: Michelle Bergmann of Umpqua Community College; Kelley Hornback of Sullivan University System, Inc.; Erin Poullioitt of Great Lakes Institute of Technology; Olga Shostak of Green River College; and Christian Zimmermann of College of Southern Maryland. Complete this form with your scavenger hunt answers to be entered to win next week's prize.

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