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today’s news for Wednesday, October 6, 2021

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ELM Resources. It is the holiday season, and at ELM, we are thankful for many things— the financial aid community, our exceptional team, and the ability to give back to our local communities. Contact us at elmresources.com to learn how we provide superior customer service. Let us assist you to gain efficiencies in the private student loan process.

NEWS FROM NASFAA

The Department of Education (ED) formally unveiled details as to how the agency plans to rework the much-maligned Public Service Loan Forgiveness (PSLF) program. In referring to the program as an important but unmet promise of offering student loan debt forgiveness to public servants, ED aims to take a number of actions in the coming months to remedy the program’s high denial rate.

In the second day of the Department of Education’s (ED) negotiated rulemaking session committee members worked their way through regulatory language concerning closed school discharges, interest capitalization and borrower defense, marking roughly a quarter of their agenda.

Pell Grant recipients will now qualify for reduced internet from Comcast through the company’s Internet Essentials offering. Students who qualify for the Pell Grant could get internet for as low as $10 a month through the company. In order to apply and prove eligibility, students will need to provide their financial aid award letter showing they have a Pell Grant award. Amid the coronavirus pandemic, Pell Grant recipients were made eligible for discounted internet service through the Emergency Broadband Benefit program, which many stressed should be made permanent to ensure low-income students are not left without internet access. “By expanding eligibility to include Pell Grant recipients, Internet Essentials has taken an important step towards helping low-income college students realize their postsecondary goals,” Maureen Hoyler, President of the Council for Opportunity in Education, said in a press release. 

NASFAA UPDATES AND ANNOUNCEMENTS

Institutions must complete and conspicuously post the Quarterly Budget and Expenditure Reporting for HEERF I, II, and III (a)(1) Institutional Portion, (a)(2), and (a)(3) form on the institution's website no later than October 10. View the full answer to this question to learn more.

If your goal is to become a financial aid director, we invite you to participate in a professional development opportunity designed especially for you, Aspiring Director Group Coaching, facilitated by Blue Icon Advisors. Over six weeks, you'll build leadership skills, network with your peers, and dig deep into enrollment management, compliance issues, and more. The next cohort starts October 29 — register today to secure your spot.

NASFAA is seeking a highly-motivated, self-starter to join its Business Services team as an Operations Assistant to provide administrative support for its consulting, sales, marketing, client service, and accounting functions. This is a part-time, remote opportunity to assist a fully remote team so the ideal candidate must be tech-savvy and have a dedicated home office, away from distractions, with high-speed internet access. Duties include supporting the team with new client and project set-up tasks, monitoring select components of the project life cycle, assisting with invoicing, billing, and collections, and more. View the full job description for more details and to apply.

Starting this afternoon through the long-weekend, all online services will be down.

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