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today’s news for Thursday, January 13, 2022

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NEWS FROM NASFAA

A recently released study from the National Center for Education Statistics (NCES) is offering an administrative data collection of national- and state-level representative data on postsecondary students enrolled in the 2017-18 academic year. The underlying data is comprised of administrative records on student financial aid, enrollment, demographic characteristics, institution characteristics, and income for approximately 245,000 undergraduate students and 21,000 graduate students attending 1,900 postsecondary institutions. 

NASFAA UPDATES AND ANNOUNCEMENTS

Those individuals who qualified for purposes of Section 2202 of the CARES Act and made a coronavirus-related retirement distribution from January 1, 2020 to December 30, 2020 are provided flexibility by the IRS to pay taxes on the distributions over a three-year period.  NASFAA has received several questions on this topic and how it relates to reporting these distributions on the FAFSA. We have received the following guidance from the U.S. Department of Education. View the full answer to this question to learn more.

Youth who experience homelessness face unique barriers to accessing and completing higher education, including barriers to financial aid. In the webinar on January 26 at 2:00 p.m. ET, participants will: review the federal definition of homelessness, and the causes and consequences of homelessness among unaccompanied youth; review current federal policies designed to remove barriers to financial aid; preview changes to federal financial aid policy for homeless youth made by the FAFSA Simplification Act; and learn practical strategies from higher education professionals, including financial aid administrators, for implementing these policies and supporting homeless youth. Register today.

U.S. DEPARTMENT OF EDUCATION

NASFAA TRAINING

NASFAA CAREER CENTER


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