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today’s news for Friday, August 27, 2021

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NEWS FROM NASFAA

The Department of Education (ED) announced on Thursday that it will be discharging more than $1.1 billion in student loan debt for borrowers who attended the now-defunct ITT Technical Institute (ITT). The benefit is expected to provide relief to 115,000 borrowers, of which 43% are currently in default.

The Department of Education (ED) in an electronic announcement debuted the Expected Family Contribution (EFC) Formula Guide containing worksheets and tables for the 2022–23 processing cycle. The materials in this guide can be used to calculate an estimated EFC for students. The methodology for determining the EFC is found in Part F of Title IV of the Higher Education Act of 1965, as amended (HEA).

NASFAA UPDATES AND ANNOUNCEMENTS

Please join us in congratulating Sara Donelly, who was promoted from assistant director (interim director) to director of financial aid at Case Western Reserve University, School of Medicine; and Debbie O'Dea, previously the financial aid advisor at Oregon State University, who is now the assistant director for compliance and operations at Portland State University. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.

INDUSTRY NEWS OF THE WEEK

NASFAA TRAINING

NASFAA CAREER CENTER


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