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today’s news for Wednesday, September 29, 2021

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TRENDING IN FINAID NEWS

NEWS FROM NASFAA

The top Republican lawmakers on the House and Senate education committees are once again calling on Education Secretary Miguel Cardona to detail how the Department of Education (ED) plans to address a number of logistical challenges to restarting student loan payments once the federal student loan moratorium is lifted in the beginning of 2022. The letter, a follow up to a pair of recent requests from Rep. Virginia Foxx (R-N.C.), ranking member of the House Education and Labor committee, and Sen. Richard Burr (R-N.C.), ranking member of the Senate Health, Education, Labor and Pensions (HELP) committee, expresses lawmakers' deep concern over ED’s ability to smoothly transition borrowers back into repayment.

The Federal Student Aid Estimator tool launched this week to help students and their families calculate the amount of financial aid they may be eligible to receive. The new tool replaces the FAFSA4Caster and allows students to receive an estimate of their aid eligibility without having to log in or create an account. The estimator will also give students access to information about the Expected Family Contribution (EFC) and its role in determining their federal student aid, and a link to the College Scorecard to help students identify the school that fits them best. Non-binding estimates that students receive will include eligibility for Federal Pell Grants, work-study funds, and federal student loans. Users who go to the old FAFSA4Caster will be automatically redirected to the new estimator. 

NASFAA UPDATES AND ANNOUNCEMENTS

Financial wellness programs continue to grow in popularity on college campuses and financial aid offices play a key role in implementing successful programming. On Wednesday, October 20, 2021 NASFAA’s guest presenters will provide an overview of a national benchmarking study of student financial wellness programs, discuss how to develop a program on your campus that is scalable and personalized to student needs, and teach ways to successfully implement online interventions. Register now

Join us for this brand new five-week course that will review the different types of higher education loan programs with a focus on the Direct Loan application and origination process, eligibility criteria, annual and aggregate limits, and loan periods. Course participants will also explore private education loans, institutional loans, and loan disclosures and practices. This course, designed to provide a general overview of the higher educational loan programs, is a great learning tool for all levels of financial aid professionals. Upon passing the course, you will receive a NASFAA U Certificate. Register now. 

We need your great ideas for engaging, relevant, and interesting conference sessions. All types of session proposals are welcome, from those focused on advocacy, training, and professional development, to sessions structured as open-forum discussions. We urge you to construct your session proposal with an eye toward inclusion, ensuring speakers from all different backgrounds — particularly those from marginalized groups — are represented. All proposals must be received by Sunday, October 31, 2021. Visit our Presenters and Moderators page to submit a proposal.

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