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today’s news for Wednesday, October 27, 2021

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College Board. CSS Profile is now free to families making up to $100,000. Learn how CSS Profile can help your institution make equitable need-based aid decisions and support student access initiatives.

NEWS FROM NASFAA

Several members of the public expressed their desire for the Department of Education (ED) to close what is often referred to as the “90/10 loophole” during a negotiated rulemaking public hearing on Tuesday. Critics have long argued that changes are needed to the 90/10 rule, which stipulates for-profit institutions can receive no more than 90% of their revenue from federal financial aid funds. The “loophole” term has been tagged to the rule because military education benefits were not counted as federal financial aid, meaning schools could recruit student veterans in order to receive more federal funding.

Institutions of higher education are continuing to see the pandemic’s impact on student aid and college pricing in ways that are taking a toll on student engagement, according to a pair of new reports released today. The reports, released annually by the College Board, provide the latest information on student financial aid, tuition, and other expenses associated with attending college and illustrate trends over time.

NASFAA UPDATES AND ANNOUNCEMENTS

In July 2021, NASFAA joined the Double Pell Alliance (DPA), a coalition of higher education associations, organizations, and advocacy groups committed to doubling the maximum Pell Grant by the 50th anniversary of the creation of the program in June 2022. Our national advocacy campaign is ongoing and we need your help to explain to lawmakers that doubling the Pell Grant represents a sustainable, front-end, and long-term solution to college access and affordability issues impacting lower-income students. Register now and join us November 12 for a free webinar where we will discuss strategic communications tactics that will help your institution get involved in this nationwide advocacy effort for equity.

Attention: College President HEERF Survey From ACE

The American Council on Education (ACE) on Sunday, October 24 sent a survey to college presidents on how Institutional Higher Education Emergency Relief (HEERF) funds benefited students and institutions. NASFAA encourages financial aid administrators to work with their institution's presidents to complete the survey by this Sunday, October 31.

It's time to commit to professional development and pursue your FAAC® designation! The current testing window is now open through Wednesday, November 10, 2021 and the next testing window opens in December. If your application has already been approved, purchase the certification knowledge exam and schedule your session online. If you haven't applied yet, complete your application online today. Learn more about the testing process and make sure you meet all of the technical requirements. Utilize the Exam Preparation Guide to aid your studies. Please note the NASFAA website and all related services are scheduled for a planned outage late Friday, October 29 - early Saturday, October 30 as we conduct system maintenance. 

This four-week interactive online course — beginning November 8 — focuses on a comprehensive review of the concept of professional judgment. NASFAA U instructors will lead you through an examination of the guiding principles for the use of professional judgment and explore its impact on student eligibility and financial assistance. This course provides the necessary tools and subject matter expertise to understand when professional judgment can and cannot be applied. Don't miss out on this training opportunity. Register now.

NASFAA TRAINING

NASFAA CAREER CENTER


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