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today’s news for Tuesday, January 18, 2022

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NEWS FROM NASFAA

As the Department of Education (ED) begins a negotiated rulemaking session this week with the committee tackling a number of topics, the Biden administration’s higher education priorities will begin to get ironed out and set the terms for how colleges and universities can operate when it comes to accessing federal funding. ED’s Institutional and Programmatic Eligibility Committee is convening in an attempt to reach consensus on draft proposals from the department aimed at overhauling key higher education policies, with gainful employment sure to catch the attention of financial aid administrators and elicit a strong response.

Since the onset of the pandemic, institutions of higher education have recorded a 5.1% decline in enrollment, accounting for 938,000 students opting out of postsecondary programs. Those numbers, recorded from fall 2019 through 2021, are a part of a newly published set of data from National Student Clearinghouse Research Center.

In this installment of NASFAA's "Altitude" — a new-ish Today's News series that aims to provide a 30,000-foot view on the intersections of economics, public policy, management, and student financial aid — NASFAA President Justin Draeger dives into turnover in the aid office. "If you're working in an aid office and worried about the 'great resignation' (and it appears many are), Derek Thompson tries to set your mind at ease in The Atlantic by dissecting the issue in more detail," Justin writes.

NASFAA UPDATES AND ANNOUNCEMENTS

Yes, as untaxed income. Emergency Rental Assistance payments, including payments for utilities or home energy expenses, made to renters in eligible households or on behalf of renters in eligible households, under Section 501, Division N, of the Consolidated Appropriations Act of 2021 (CAA), are not considered taxable income to members of the household for IRS taxation purposes. View the full answer to this question to learn more.

Does this sound like you? It's been decades since the Department of Education (ED) visited your school, and you wonder if this will be the day you get "the call." Read how one school used the Standards of Excellence (SOE) Review to prepare for a federal program review that happened only a few weeks after the SOE team left. If you're ready to prepare for a program review, contact Blue Icon today!

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