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today’s news for Wednesday, August 11, 2021

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NEWS FROM NASFAA

The Senate’s bipartisan infrastructure proposal contains a provision that would ensure low-income students retain access to a recently implemented federal broadband benefit. The provision was tacked onto the chamber’s bipartisan infrastructure bill, which passed the Senate on Tuesday by a vote of 69-30, and would make the recently rolled out Emergency Broadband Program benefit program permanent. The program’s extension would maintain eligibility requirements for Pell Grant recipients but would instead provide a $30 subsidy towards purchasing high speed internet, the initial program provided up to $50 per month.

Individual states will be able to provide more oversight and regulate student loan servicers without being preempted by the federal Higher Education Act (HEA), according to a notice of interpretation put forth this week by the Department of Education (ED). ED in the notice said it will rescind a legal opinion issued by former Education Secretary Betsy DeVos that states did not have the authority to oversee federal student loan servicers. 

NASFAA UPDATES AND ANNOUNCEMENTS

The maintenance outage for the NASFAA website and all related services that was originally scheduled for August 27-30, will now occur Friday, October 8- Monday, October 11. To ensure a smooth transition with minimal inconvenience to members as we conduct system maintenance, we will be performing much of this upgrade during a holiday weekend, however NASFAA.org, AskRegs, Self-Evaluation Checklists, P&P Builder, credential exam tests, and related online services will be unavailable starting on Friday, October 8 through the long weekend. Site services and Today's News should be available again on Tuesday, October 12. Please plan accordingly, and we appreciate your patience.

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