today’s news for Thursday, January 27, 2022

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A group of more than 80 Democratic lawmakers from both chambers of Congress are once again calling on President Joe Biden to release a memo outlining his legal authority to unilaterally cancel student loan debt for borrowers. In a letter to Biden this week, the group of lawmakers, led by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Elizabeth Warren (D-Mass.), asserted that publicly releasing the memo “outlining your existing authority on cancelling student debt and broadly doing so is crucial to making a meaningful difference in the lives of current students, borrowers, and their families.”

A school has a student who requests to have a refund check reissued after a credit balance check expired after 90 days. Does the 240 day rule to return unclaimed funds "reset" on the date of the check reissue? Think you know the answer? Read on to see if you got it right!

Graduating students from the high school class of 2021 left nearly $3.75 billion in federal student aid on the table simply by not applying, according to a new analysis by the National College Attainment Network (NCAN). NCAN estimates the $3.75 billion in unclaimed aid comes solely from roughly 813,000 students who were eligible for Pell Grants but did not complete the FAFSA. 


NASFAA is pleased to announce the 2024 National Conference will be held at the Wisconsin Center in Milwaukee from June 16-19, 2024, and the 2025 NASFAA National Conference will be held June 17-20, 2025, at the Salt Lake Place in Salt Lake City, Utah.  Mark your calendars, and see you soon!

Every year, NASFAA recognizes outstanding members and other higher education stakeholders for their achievements and contributions to financial aid, students, and/or NASFAA. Nominate your colleagues for awards such as the Gold Star Award, the Robert P. Huff Golden Quill Award, and the Allan W. Purdy Distinguished Service Award, among others. Award winners will be announced this summer at the NASFAA 2022 national conference in Austin, Texas. Nominations are due Feb. 11, 2022 — submit yours today!

NASFAA provides a wide variety of programs for beginning, intermediate, and experienced financial aid administrators delivered in a multitude of ways to support different learning styles. Explore the options available to you, which range from attending NASFAA U online courses, to earning professional credentials, to becoming certified as an FAAC®. Decide what's right for you by viewing this webinar today.





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