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today’s news for Monday, June 7, 2021

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TRENDING IN FINAID NEWS

NEWS FROM NASFAA

As the health and economic impact of the pandemic continues to unfold, higher education is merely at the beginning stages of coming to terms with how the crisis has upended the lives of students. A new report from the College Board aims to provide a snapshot of how the early days of the pandemic affected college enrollment and retention for the high school classes of 2020 and 2019 respectively, and captured a number of trends to help better inform the sector as to the challenges ahead for future cohorts.

The Department of Education (ED) on Friday released a handbook to aid higher education institutions and the communities in which they operate reopen for in-person instruction safely and equitably. In a notice, ED said it worked with public health officials to create the handbook, which follows Centers for Disease Control and Prevention (CDC) guidance to prevent and mitigate the spread of the coronavirus on campuses and in communities. The handbook is a clear marker that many higher education institutions will attempt to return to in-person instruction after more than a year of remote learning. The handbook includes strategies to help schools promote the COVID-19 vaccine and offers examples of how other schools responded to the pandemic. "Many of our nation's postsecondary students have experienced the toughest year in their educational careers," said Education Secretary Miguel Cardona. "We must deploy every resource to bear to make sure all higher education students can re-engage with their school communities, continue their education, and graduate ready to pursue their dreams.”

NASFAA UPDATES AND ANNOUNCEMENTS

The following guidance applies only to the return of Title IV funds (R2T4) rules that are effective July 1, 2021 (with possible early implementation by the school), in accordance with the September 2, 2020 Federal Register. 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 June 4, 2021 to note that Higher Education Emergency Relief Fund (HEERF) III Grant Award Notifications went out to schools with incorrect performance period (spend-by) dates and that the U.S. Department of Education (ED) is in the process of manually sending out corrections. 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.

Attention: Renew Your Membership by June 30

NASFAA seeks to provide exceptional professional support and development to build an engaged and diverse community through accurate information sharing. As a membership association, NASFAA relies on the dues of its members to support its training initiatives, research and advocacy efforts, and myriad other projects. If your organization or institution has not yet submitted its dues payment, you may pay online to ensure continued access to NASFAA’s many tools and resources. Need a refresher on all your membership with NASFAA includes? Refer to the Renew or Manage Membership page for a list of benefits, as well as a customizable justification letter to let your institution's leadership know how important your NASFAA membership is. Please direct questions to [email protected] or (202) 785-0453 ext. 1.

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