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today’s news for Monday, November 1, 2021

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CampusLogic. Student Financial Success is the key to institutional success. Help leaders from enrollment to financial aid rewire the way they approach the student experience. Shape the future of our industry by sharing your challenges, successes and insights. Register to speak at Shift 2022.

NEWS FROM NASFAA

As lawmakers continue to parse through the ways in which they can bolster the annual Pell Grant, NASFAA has published a new report examining how increased funding for the program benefits middle-income families, in addition to its long-standing support of low-income students. Increasing aid to the program does not need to be mutually exclusive to either group of students, NASFAA’s report explains. The report also presents two ways to expand Pell Grant eligibility further into the middle class, while also increasing Pell Grants to low-income families: increasing the maximum Pell award amount, in tandem with modifying the federal methodology formula. Learn more about report and be sure to follow NASFAA’s advocacy efforts surrounding the #DoublePell campaign.

Two bills to amend the Isakson-Roe Veterans Health Care and Benefits Improvement Act were introduced in Congress in recent weeks, representing an important step to make a number of improvements advocated for by the higher education community since the legislation was signed into law in December 2020.

TRENDING IN FINAID NEWS

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA Responses May Be Delayed on Election Day

NASFAA will be closed on Tuesday, November 2, in order to give NASFAA staff time to fulfill their civic duty by volunteering and voting at the polls on Election Day. NASFAA's Today's News will still be sent, but membership and technical support — as well as responses to AskRegs inquiries — may be slightly delayed. Office functions will resume at full capacity on Wednesday, November 3.

According to guidance NASFAA received from the U.S. Department of Education (ED), if a student is enrolled in a payment period or period of enrollment (period) where a school uses a return of Title IV funds (R2T4) Freeze Date (RFD), and the student withdraws prior to the RFD, the school would include in the R2T4 calculation denominator (60% calculation) the days associated with: Any courses in which the student began attendance; and any courses in which the student was enrolled for the period as of the withdrawal date. View the full answer to this question to learn more.

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 Friday, November 19, 2021. Visit our Presenters and Moderators page to submit a proposal.

Financial aid is a key component of enrollment management strategies across the country. However, it is not the only factor. How does a financial aid leader make the move to enrollment management when they have little to no experience in other enrollment management areas? Join this complimentary panel discussion tomorrow on Tuesday, November 2 at 2 p.m. ET to learn more about the skill sets enrollment management leaders possess and how to develop yours while working as a financial aid administrator. Register now.

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