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today’s news for Friday, July 30, 2021

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NEWS FROM NASFAA

 Off the Cuff

This week on "Off The Cuff," the team dives into Congress’ legislative landscape for the summer with the House slated to shortly adjourn until mid-September. Justin and Megan provide updates on the annual budgeting process, what to expect in the reconciliation process, and highlight a number of policy proposals that could see floor action in the months ahead. Hugh highlights some recent discussions surrounding the student loan landscape recapping Sen. Elizabeth Warren's second hearing on student loans coupled with House Speaker Nancy Pelosi recent remarks. Jill then covers a number of changes coming for loan servicing as well as the Department of Education’s (ED) recent outreach to collect comments on Public Service Loan Forgiveness (PSLF) program experiences. Plus the team wants to know: What are your summer vacation plans?

Democrats underscored their desire to further invest in the federal Pell Grant program during an House Education and Labor Committee hearing on Thursday. The Higher Education and Workforce Investment Subcommittee’s hearing focused on finding ways to help more students from low-income families enroll in college and successfully complete their degrees, with Democratic members often stressing the importance of increasing the maximum Pell Grant award considering the diminished purchasing power of the federal aid.

The Department of Education (ED) on Thursday announced that an additional $3.2 billion in Higher Education Emergency Relief Funds (HEERF) is being allocated, most of it going to Historically Black Colleges and Universities (HBCUs) and Minority-Serving Institutions (MSIs).

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NASFAA UPDATES AND ANNOUNCEMENTS

Please join us in congratulating the following members: Glendi Gaddis, FAAC® who is now the interim associate dean of financial aid at Clark College, Dr. Tom Stuart who is now the assistant vice president of student financial services and director of financial Aid at William Jewell College, and Arthur Iwanicki who has returned to financial aid as the federal compliance officer at Morgan State University. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.

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