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today’s news for Tuesday, December 7, 2021

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NEWS FROM NASFAA

During the final week’s session of the Department of Education’s (ED) negotiated rulemaking, the committee dove into its updated agenda, with facilitators outlining that members would be asked to participate in 12 consensus checks throughout the week on issues ranging from loan discharge to Public Service Loan Forgiveness (PSLF).

Following months of review and discussion by NASFAA's Association Governance Committee and legal counsel, the association's Board of Directors voted on November 16 to share proposed edits to the NASFAA Bylaws with members for a 30-day comment period, as required. Bylaws are the legally binding rules that outline how the board of our association will operate. Periodically reviewing Bylaws against changing best practices and processes is recommended; the last time these Bylaws were comprehensively reviewed was 2012-13. We present two documents for your review — a redlined copy of the proposed updates to the Bylaws of NASFAA, and a summary document with explanatory text related to the updates. Please review these documents and share your feedback with NASFAA before Dec. 31, 2021.

In a recent podcast episode hosted by the American Council on Education (ACE), Justin joined the dotEDU team to discuss the financial aid system, student loan repayment, the Department of Education’s loan portfolio, and the current landscape of the servicing industry. The conversation dives into the federal policy discussions surrounding student loan forgiveness and other programs under consideration to aid borrowers in the wake of the pandemic. Be sure to check out this and other recent dotEDU podcast episodes. You can also hear insight from Jon Fansmith, ACE's assistant vice president for government relations, on “Off The Cuff” Inside the Beltway episodes.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA reached a new milestone: more than 25,000 professional credentials have been awarded since the program began in 2013! Congratulations to every one of the more than 7,500 individuals who hold at least one professional credential. Nearly 200 financial aid professionals have earned all available credentials. Your commitment and dedication is inspiring. To celebrate, NASFAA invites you to earn or renew a credential utilizing voucher code NUTCPROMO50 and receive 50 percent off credential tests through June 30, 2022. Since credentials are a great way to prepare to earn the FAAC® designation, NASFAA also will randomly select 25 qualified credential holders for a waiver of Certified Financial Aid Administrator® Program application and exam fees. Winners will be notified individually and will have ample opportunity to become certified during 2022.  

To find out if the latest award year data are available for the Net Price Calculator, visit the U.S. Department of Education Net Price Calculator Template and click "Continue." The available award year data are listed under Step 1. The latest version of the Net Price Calculator template uses 2019-20 data. View the full answer to this question to learn more.

Join NASFAA President Justin Draeger and Dr. Sandy Baum, a nonresident senior fellow for the Center on Education Data and Policy at the Urban Institute, for a discussion on some of the most pressing enrollment and financing issues facing students and schools today. Draeger and Baum will explore the rising tensions on the definition of equity; the acute issues facing student loan borrowers and how the loan programs can be improved in way to fairly balance forgiveness and repayment; upcoming changes and theories on measuring student need; how to address the racial wealth gap, and more. Audience questions and participation throughout the session are welcome. Register now.

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