today’s news for Tuesday, February 22, 2022

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The Institutional and Programmatic Eligibility Committee wrapped up work on its second negotiated rulemaking session, having completed discussion on all of the adenda's outlined issue papers. Now that negotiators have made their positions clear on the proposed language outlined by the Department of Education (ED), the department will incorporate the committee's feedback into updated regulatory text to be used during the committee's third and final session slated for March, seeking to reach consensus. 

Congressional negotiators are of the belief that an agreement over spending levels for the current fiscal year is not yet out of reach, prompting the enactment of another continuing resolution to keep the government funded through March 11. Fiscal year 2022, which began on October 1, determines federal student aid funding levels for 2022-23 award year. President Joe Biden signed the stop-gap spending bill into law on Friday February 18, enabling appropriators to continue their discussions surrounding the annual budget cycle.

NASFAA last week joined more than 100 organizations in a letter to the Treasury Department, raising concerns regarding the federal agency’s practice of reducing or cutting payments made to low-income families in their tax refunds, arguing it undermines the social safety net and threatens to push millions of children into poverty. Specifically, the letter notes the importance of the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) and calls on Treasury to ensure borrowers with student loans in default will not experience offset of CTC credits. While Education Secretary Miguel Cardona has committed to as much this year, the letter urges Treasury Secretary Janet Yellen to protect the EITC and CTC from offset and to work with others across the administration to develop solutions. 


No. The Responsible Education Mitigating Options and Technical Extensions (REMOTE) Act amended the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020 (Isakson-Roe). If the institution provides students with the U.S. Department of Education's College Financing Plan, it is not required to also provide the institutional disclosure requirements for student veterans under Section 1018 of Isakson-Roe. View the full answer to this question to learn more.

If your goal is to become a financial aid director, we invite you to participate in a professional development opportunity designed especially for you, Aspiring Director Group Coaching, facilitated by Blue Icon Advisors. Over six weeks, you'll build leadership skills, network with your peers, and dig deep into enrollment management, compliance issues, and more. The next cohort starts March 4, and the deadline to register is February 25 — register today to secure your spot.

The best way for FAACs® to claim all possible recertification points (RPs) is to record each activity in your certification dashboard soon after the event or activity takes place. Even if you don’t update your dashboard right away, be sure to save the documentation you’ll need. For example, if you attended the 2021 Virtual FSA Training Conference (FSATC), access to your certificate of attendance expires — forever — after March 1, 2022. With only one week left, make sure you’ve already downloaded your certificate (see these FAQs). Need a recertification strategy? Feel free to contact us. Not certified yet? Explore your eligibility using our free, interactive tool and apply online.

Even before the COVID-19 pandemic, societal changes and advancements in technology were affecting how, when, and where people work together. Will the skills we value now be the same skills needed in the future? How will financial aid office managers address gaps between their needs and the skills of current and prospective employees? Join us tomorrow, February 23 at 2:00 p.m. ET to hear from a panel of financial aid administrators how they are preparing themselves and their team members for what's ahead. Register today.





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