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TODAY'S NEWS

today’s news for Monday, July 12, 2021

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Inceptia. Students have plenty on their minds. Add the stress of repayment deadlines and it is the critical decision-making moments that are the difference between if, when, and how they take their next educational steps. Inceptia can extend your reach to reduce repayment concerns and melt with targeted plans to help deliver specific messages to current and prospective students.

NEWS FROM NASFAA

Angelika Williams

Meet Angelika Williams. Angelica first began her financial aid career by consulting at Global Financial Services, where she got a thorough understanding of financial aid processing and federal regulations. "I started out in review and compliance where you are heavily involved in going through extensive training. You train for maybe one to two years just on the federal regulations as you're reviewing a file, and I worked myself way up to a solution architect, which is the back office auditing process giving schools the general idea for optimizing their financial aid processes," Angelika said.

The Department of Education (ED) on Friday announced it was approving the borrower defense to repayment claims of more than 1,800 students who were enrolled at three different institutions. The borrowers will have 100% of their loans discharged, receiving about $55.6 million in total student debt relief, ED stated in a release announcing the move.

NASFAA UPDATES AND ANNOUNCEMENTS

The Self-Evaluation Checklist module of the Compliance Engine is completely updated. The checklists are designed to allow schools to audit themselves for the previous award year. From Satisfactory Academic Progress to FERPA to the Federal Direct Loan Program, the Self-Evaluation Checklists allow you to take stock of your institution’s practices. Also included again this year is the COVID-19 National Emergency Checklist, which is designed to assist our members in assessing flexibilities the school may have utilized in response to COVID-19. The Self-Evaluation Checklist module of the Compliance Engine is included with your NASFAA membership, so take advantage of this member benefit today.

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. At this time, the national emergency has been extended through next March 1, 2022, unless the President ends it earlier or extends it further. If and when there is a change, we will post an announcement in NASFAA's Today's News

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