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today’s news for Monday, September 27, 2021

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NEWS FROM NASFAA

NASFAA submitted comments Friday to the Department of Education (ED) in response to a recent request for information on Public Service Loan Forgiveness (PSLF) program administration. In the letter, NASFAA shared results of a recent survey of financial aid administrators which raised concerns about PSLF outreach, publicity, and communication being inadequate and identified several areas of the process that are most difficult to navigate. NASFAA urged the secretary of education to examine whether the same authority ED secretaries have used to alter terms and conditions of loans in the past can now be used to broaden PSLF, explaining that long-term fixes will likely require congressional action, but in the meantime the administration can and should “provide public service loan forgiveness regardless of where the loans were held.”

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA's award-winning Diversity Leadership Program (DLP) aims to advance the careers of individuals from marginalized and underrepresented groups in the association and create a strong and diverse pipeline for association leadership. Now in its fourth year, the DLP is seeking six new participants to receive a robust portfolio of benefits, mentorship, and guidance to aid in their development as financial aid association leaders at the state, regional, and national level. Please refer to the DLP webpage for more information about program benefits, the applicant selection process, and eligibility criteria. Applications for the 2021-22 cohort are due Oct. 15, 2021.

Whether you’re a current financial aid director or just preparing for the leading role, "You’re the Director: A Guide to Leadership in Student Financial Aid" (third edition) can help. In this anthology — written by and for financial aid professionals — you’ll find guidance on leadership, budgeting, strategic planning, crisis management, and so much more. In addition to 10 fully updated chapters from the first two editions, the third edition also covers four brand-new topics and six completely reenvisioned chapters. This book is a must-have for new and aspiring financial aid professionals, as well as for seasoned financial aid directors seeking to improve their leadership skills. Order a copy now for yourself or your staff.

Yes, but not necessarily to every term or payment period within the 2021-22 award year. The R2T4 waiver and CARES Act withdrawal benefits (cancellation of Direct Loan disbursements, restoration of Federal Pell Grant lifetime eligibility used, etc.) apply to students who begin attendance in, and subsequently withdraw from, the payment period that includes the end date of the COVID-19 national emergency. View the full answer to this question to learn more.

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