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This week on "Off The Cuff," Justin is joined by Dr. Ellie Bruecker, a senior research associate at the Seldin /Haring-Smith Foundation, to dive deep into the growing trend of states requiring FAFSA completion for high school graduation and what it means for postsecondary enrollment. Bruecker shares insights from data collected during her dissertation on the topic and touches on the costs and benefits of the policy, as well as how higher education enrollment trends can be impacted by student access to information surrounding the costs of a given program. Justin then brings in Hugh to recap some of the latest news concerning the negotiated rulemaking committee, and a new policy out of ED that aims to keep corporate owners of private colleges on the hook for paying student loan discharges following school closures.
The Department of Education (ED) on Thursday published revised Pell Grant payment and disbursement schedules for the 2022-23 award year that reflect a $400 increase to the maximum Pell Grant made possible by the passing of the omnibus spending bill in early March. The new maximum Pell Grant for the 2022-23 award year of $6,895 is reflected in the updated payment and disbursement schedules. In the announcement, the Office of Federal Student Aid (FSA) said institutions should look for future notices that will provide institutions with more information about system, web, and software modifications that will reflect the revised schedules, including updates to the Common Origination and Disbursement (COD) system. FSA previously advised institutions, if able, to refrain from submitting Pell Grant records to the COD system until after the revised schedules have been implemented in the COD system.
This AskRegs Q&A was updated on March 17, 2022 to indicate that the school still must post the Quarterly Budget and Expenditure Report even if it had no expenditures during the quarter being reported. If the school spent and reported all of its HEERF funds in a previous quarter, no quarterly is required. View the full answer to this question to learn more.
NASFAA 2022 is quickly approaching! Don't miss out on the opportunity to join your colleagues again in person to network, learn, and grow. You can now browse the full schedule, which includes sessions on data sharing, financial aid audits, Pell Grants for incarcerated students, professional judgment, and many more. We hope to see many of you this June in Austin — register today to secure your spot!
It takes a village to stay in compliance with the provisions governing federal student financial aid programs. Blue Icon Advisors provides six ways financial aid compliance impacts other offices at your institution that you can share with your colleagues. If you have concerns about compliance, contact Blue Icon to learn how our team of trusted advisors can help.
Please join us in congratulating Odette Franceskino, director of financial aid at Quinnipiac School of Law, who is retiring after 27 years in financial aid. During that time, she has been an active member of the professional community serving as both a mentor and friend at Quinnipiac, throughout the state of Connecticut, as well as regionally and nationally. On behalf of the entire financial aid community, her team wishes Odette the best as she begins to enjoy her retirement. Please also join us in congratulating Christina “Tina” Lamb, FAAC®, who was promoted from senior associate director to director of the Office of Student Financial Aid and Scholarships at University of Florida; and Caleb Williams, who was promoted from assistant director to director of operations and compliance at Northern Arizona University. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.