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today’s news for Wednesday, February 23, 2022

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Inceptia. While the CARES Act has provided great relief for borrowers, two+ years of paused payments can mean out of sight out of mind for your students! Help them reengage with Loan Summary – Inceptia's debt letter and student portal service that provides a one-stop solution for tracking and managing ALL loans. Learn more at Inceptia.org.

NEWS FROM NASFAA

The White House on Friday extended the national emergency amid the coronavirus pandemic that was first declared in March 2020. The national emergency was set to expire on March 1, 2022 without an extension. Declaring a national emergency gives the federal government additional authorities and abilities and allows the federal government to spend additional money, among other measures. 

An announcement from the Consumer Financial Protection Bureau (CFPB) on Friday signals that the agency will be cracking down on student loan servicer conduct regarding borrowers’ eligibility for benefits provided under the recently issued Public Service Loan Forgiveness (PSLF) waiver. CFPB said it would be working closely with the Department of Education (ED) to ensure that the promise of debt cancellation through the PSLF program is honored, and that servicers are applying the benefits of the waiver to eligible borrowers in non-deceptive ways.

In this week's "Altitude," NASFAA President Justin Draeger looks at the results of a recent member poll on which workplace flexibility aid administrators want most. How close is that reality and where are the pitfalls of offering more workplace flexibility?

NASFAA UPDATES AND ANNOUNCEMENTS

Congratulations to Our Bingo Winners

Thank you to all who participated in our bingo game at the Leadership & Legislative Conference & Expo. Congratulations to third place winner Tina Kukowski of Carleton College, who won a complimentary registration to a NASFAA U course, second place winner Bronwyn Garrison of the University of California, San Diego, who won a complimentary registration to the 2023 Leadership & Legislative Conference & Expo, and grand prize winner Carrie Short of Lorain County Community College, who won her choice of a complimentary registration to either NASFAA 2022 in Austin or NASFAA 2023 in San Diego.

Ready to earn the FAAC® designation? You'll accomplish an important professional goal and you would qualify to receive the multitude of benefits that come with certification. The current two-week testing window is now open through March 9, 2022. If your application has already been approved, purchase the certification knowledge exam and schedule your session online. If you haven’t applied yet, complete your application online today. Learn more about the testing process and make sure you meet all of the technical requirements. Utilize the Exam Preparation Guide to aid your studies.

Join us tomorrow, February 24 at 2:00 p.m. ET for an upcoming Financial Aid Business Solutions (FABS) webinar, sponsored by Regent Education. Sharon Clough, vice president of financial aid compliance from Regent Education, will take you through the new academic structure of subscription periods and discuss subscription period awarding, disbursing, SAP, R2T4, benefits, challenges, and potential implementation approaches. Register today.

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