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today’s news for Tuesday, June 29, 2021

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NASFAA UPDATES AND ANNOUNCEMENTS

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At the close of the NASFAA 2021 Virtual Conference attendees were able to hear directly from Southwestern College Director of Financial Aid Brenda Hicks, whose reflections on the past year as the 2020-21 NASFAA national chair left many with a feeling of hopefulness for the year to come. For those who were unable to attend the event, as well as those who would like to experience it all over, NASFAA is providing members with a transcript of Hicks’ remarks so that we can be reminded of how far we have come during this past year that has presented unique challenges, both personal and professional, and pushed us to find new ways to thrive.

We have compiled a list of AskRegs Knowledgebase Q&As intended to assist schools with their implementation of the new return of Title IV funds (R2T4) rules that became effective on July 1, 2021, unless the school chose to implement the rules early. For these and other related Q&As, search “effective July 1, 2021” or “R2T4 exemption” or “freeze date” in the Knowledgebase. Additional detailed guidance can be found in NASFAA’s on-demand webinar — Changes Are Coming to R2T4 and Modules: Will You Be Ready on July 1, 2021? — and in the Department of Education’s (ED’s) Satisfactory Academic Progress & Return of Title IV Aid: New Regulation Overview webinar.

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