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today’s news for Wednesday, April 20, 2022

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NEWS FROM NASFAA

New changes to the Public Service Loan Forgiveness (PSLF) program and income-driven repayment (IDR) plans will result in millions more borrowers being eligible for loan forgiveness, the Department of Education (ED) announced Tuesday. ED said it will perform a one-time adjustment to count some borrowers’ accounts in long-term forbearances toward IDR and PSLF forgiveness, resulting in immediate forgiveness for about 40,000 borrowers under the PSLF program. Additionally, more than 3.6 million borrowers will receive at least three years of additional credit toward IDR forgiveness.

NASFAA UPDATES AND ANNOUNCEMENTS

We're scheduling Standards of Excellence (SOE) reviews for fall 2022. SOE reviews provide an objective, confidential, peer review program that assesses your institution's administration of federal financial aid, including COVID-19 implementation. Complete our simple information request form to learn more about NASFAA's SOE review.

There is still time to get certified during the current testing window, which is open through April 27, 2022. Exam dates and times fill up quickly, so be sure to schedule your exam session soon. 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.

This online course, beginning July 5, 2022, will focus on the fundamentals of financial aid including applying, financial aid concepts, categories and types of financial aid, the Title IV aid programs, other federal sources of student assistance, and comparing financial aid offers. Fundamentals of Student Financial Aid is the perfect learning tool for new financial aid professionals, and individuals who assist students through the financial aid cycle such as admissions or enrollment representatives, and high school counselors. Upon passing the course, you will receive a NASFAA U Certificate. Register now.

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