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today’s news for Thursday, March 24, 2022

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NEWS FROM NASFAA

On Monday, Federal Student Aid (FSA) announced that due to timing constraints the Common Origination and Disbursement (COD) functionality for the 2022-23 award year that is scheduled to be released on March 27, 2022 will include the 2022-23 Pell Grant payment and disbursement schedules that were originally released before the passing of the omnibus spending bill in early March that set the maximum Pell Grant to $6,895.

Now that the Department of Education (ED) has wrapped up its second negotiated rulemaking committee, NASFAA has combined its daily coverage into one standalone article detailing how the Institutional and Programmatic Eligibility committee wrapped up its work, highlighting where members reached consensus and detailing where significant disagreements remained.

Private college owners will be on the hook for paying the student aid bills of their students should loan forgiveness or discharge be warranted following school closures or borrower defense to repayment claims, according to an announcement from the Department of Education (ED) Wednesday. The new policy announced Wednesday aims to ensure companies that own institutions of higher education are held responsible for federal Title IV financial aid funds that are owed to the federal government following closures or findings of misleading practices.

NASFAA UPDATES AND ANNOUNCEMENTS

Updates are in progress now for the Self-Evaluation Checklists. The checklists are designed to allow schools to audit themselves for the 2020-21 award year. The first checklists, Personnel and Interoffice Communication, Family Educational Rights and Privacy Act (FERPA), Appendix A and Appendix B are now available. Other Self-Evaluation Checklists will become available just in time for the end of the award year on June 30. The Self-Evaluation Checklists module of the Compliance Engine is included with your NASFAA membership. Not sure how to use it? Check out our Self-Evaluation Checklists User Guide. Take advantage of this member benefit today!

NASFAA is hosting a 100% virtual conference exclusively focusing on clock hour programs, which will take place April 11-14, 2022.  Daily webinars — focusing on topics such as clock hour SAP policies, distance education, compliance issues, and other clock hour challenges — will cover basic and advanced regulatory practices applicable to clock hour institutions. The conference, which is free to NASFAA members, is quickly approaching, so register today to secure your spot.

During this NASFAA-style Hollywood Squares webinar, we bring to life some of those thought-provoking and sometimes mind-blowing financial aid questions in a manner that is considered "edu-tainment." Watch NASFAA's David Tolman as he hosts this engaging webinar that tests your knowledge on a variety of financial aid topics. Nine financial aid experts participated as "Squares," including NASFAA's Kochie Vaughan, David Futrell, and last year's Game Show webinar winner, Daniel Barkowitz. Watch contestants Helen Faith and Art Young battle it out in a game of tic-tac-toe. Have fun learning, and see which staff members in your office are NASFAA Quiz Show champions! Register today.

TRENDING IN FINAID NEWS

U.S. DEPARTMENT OF EDUCATION

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NASFAA CAREER CENTER


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