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It’s been less than two weeks since the White House officially enacted spending levels for fiscal year (FY) 2022, but with the appropriations process very out of whack with the annual calendar, the administration on Monday formally unveiled its budget priorities for fiscal year 2023, impacting award year 2023-24. The proposal includes $88.3 billion in discretionary funding for Department of Education (ED) programs, which is a 17% increase from the 2022 enacted level, including $26.3 billion for federal student aid programs. Specifically, the budget proposal would commit to doubling the maximum Pell Grant by 2029, starting with an increase to $8,670 for the 2023-24 award year, $1,775 more than the 2022-23 maximum award. Overall, the administration estimates that 6.7 million students from low- and middle-income backgrounds would benefit from the increased funding for the Pell Grant program.
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.
Standards of Excellence reviews provide a holistic evaluation of your financial aid operations with an impartial perspective. One school said: "The SOE review provided a completely unbiased third-party look not only at compliance, but also customer service and operations. We are using the SOE report as our marching orders for improvement and have great support from upper leadership." Request your own unbiased review today!
Join David Futrell, NASFAA director of institutional compliance, tomorrow at 2:00 p.m. ET as he leads you through a discussion of some of the more frequently assigned comment codes, flags, and reject codes. Topics may include those related to citizenship issues, incorrect name and name changes, Selective Service, unusual enrollment history, parent Social Security numbers, parental refusal to complete the FAFSA, marital status codes, IRS data field flags, professional judgment flag, asset threshold flag, the auto-zero EFC flag, and default status and NSLDS loan status codes. Register today.