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today’s news for Thursday, January 20, 2022

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NEWS FROM NASFAA

The second day of the negotiated rulemaking session on Institutional and Programmatic Eligibility on Wednesday saw two of the committee’s most pressing issues take center stage, as negotiators were tasked with completing discussions on administrative capability and kicked off their discussion on gainful employment (GE).

The impediments to racial equity in college admission and financial aid are complex, systemic, and longstanding, and so the work to dismantle those impediments requires courage, collaboration, creativity, and an unrelenting commitment to both understand the problems and continue to strive to solve them. In a newly published, grant-funded report, NASFAA and the National Association for College Admission Counseling (NACAC) recommend a series of actions for admission and financial aid practitioners, educational institutions, and state and federal agencies and policymakers. The report also urges further, deeper study and examination of issues that create barriers to entry to postsecondary education for traditional-aged and adult students of color, particularly Black students. Read the full report, along with key questions and recommendations the report raises.

In this installment of  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 the expanded child tax credit, why so many Americans don't think it should be permanent, and how public polling on the issue raises some questions for the student aid programs.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA is hiring! We're looking for a full-time Government Relations and Policy Associate with skills and interest in public policy analysis and advocacy to become a member of the Policy & Federal Relations team. The person selected will operate in a fast-paced environment and will manage multiple tasks simultaneously, assisting with the team's analysis of timely higher education legislation and contributing to NASFAA's government relations and advocacy efforts at both the federal and state levels. Read the full job description, and if interested, apply by January 26, 2022 for full consideration.

Is your institution ready to handle changes to the Federal Methodology formula in the 2024-25 award year? NASFAA's beta version of its Student Aid Index (SAI) modeling tool, whic can be downloaded from NASFAA's website, can help! Institutions can import their student FAFSA data to estimate SAIs for their student population, as well as compare estimated SAIs to expected family contributions (EFCs).

Join us on February 8 at 2:00 p.m. ET for an upcoming Financial Aid Business Solutions (FABS) webinar, sponsored by ScholarshipMagic, where a panel of current ScholarshipMagic customers and industry experts will discuss how to use technology to support the prevalent institutional practices. The conversation will highlight how the student experience can be improved by eliminating the need to navigate a complex portfolio of scholarships and be considered for them without the need for unnecessary scholarship applications. Register today.

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