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today’s news for Wednesday, July 21, 2021

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NEWS FROM NASFAA

NASFAA today published an Implicit Bias Toolkit which aims to help financial aid offices establish a neutral basis from which to build policies and deploy procedures in the administration of financial aid. "As financial aid administrators, we have the tools at our disposal to push for a more socially just world, but we must first start by identifying and dismantling the impact of implicit bias in the financial aid process," said NASFAA President Justin Draeger in a press release. The toolkit is the culmination of exhaustive work by a task force of NASFAA members charged with identifying and reducing bias in the administration of financial aid. NASFAA members are encouraged to use this toolkit as a jumping off point to examine current processes — such as how they develop financial aid forms, communications, cost of attendance policies, scholarship policies, and more — and make changes where needed to better serve all current and prospective students.

The Education Department (ED) will be looking for at least two new student loan servicers next year, as the New Hampshire Higher Education Association Foundation (NHHEAF) announced this week that it won’t seek to renew its contract with ED when its current one expires at the end of the year. NHHEAF operates under the name Granite State Management & Resources as a student loan servicer and its contract with the department is set to expire December 31.

Following a recent Supreme Court ruling that prompted a National Collegiate Athletic Association (NCAA) policy change allowing college athletes to make money from selling the rights to their names, images and likenesses (NIL), many in the financial aid community are left wondering how the seismic shift in the world of college athletics will impact students’ financial aid and grants. How the issue intersects with Title IV aid rules such as cost of attendance, professional judgment, estimated financial assistance, and income on the FAFSA, is top of mind for financial aid administrators in recent weeks. 

NASFAA UPDATES AND ANNOUNCEMENTS

Get the recognition you deserve with the FAAC® designation! The current testing window is open through July 28, 2021. If your application is already approved, your next step is to purchase the certification knowledge exam and schedule your session online. Be careful not to let your one-year eligibility period expire! Check your personal certification Dashboard to confirm that date. If you haven’t applied yet, complete your application online today. Learn more about the testing process and make sure you meet all of the technical requirements.

To volunteer for either one and learn more about what's required of a NASFAA volunteer, head to our Volunteer Opportunities page.

  • 2022 Leadership & Legislative Conference & Expo Task Force Volunteer — View Charter>>
  • 2022 National Conference Program Task Force Volunteer — View Charter>> 

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