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today’s news for Wednesday, April 27, 2022

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Edamerica. As a division of Edfinancial, we are solely dedicated to advancing student success. With services that include Contact Center Solutions, Student Engagement, Financial Aid Support, Default Prevention and Consulting, we support students from point of application through loan repayment. Visit www.edamerica.net to learn how we can make a difference for your students.

NEWS FROM NASFAA

The Department of Education (ED) unveiled updates to its Second Chance Pell Experiment by opening up a third round of the program to make a total of 200 institutions of higher education eligible to participate. According to the announcement, ED has invited an additional 73 institutions of higher education to participate in this third iteration of the program, which follows the department’s recent outreach to schools.

President Joe Biden is now signaling that he is actively considering his options to administer student loan debt cancellation through executive action. The indicators from the White House follow a meeting on Monday with members of the Congressional Hispanic Caucus, where the president signaled he was willing to continue with the ongoing federal moratorium on student loan repayments and would also consider executive action that could cancel some portion of the debt.

A group of Senate Democrats is formally asking that the Department of Education (ED) outline its plans to implement its “fresh start” policy for student loan borrowers so that borrowers who are currently in default will have their delinquency status removed before the payment pause expires.

NASFAA UPDATES AND ANNOUNCEMENTS

The simplified FAFSA and changes to Federal Methodology are arriving soon and will impact need-analysis and packaging policies. Don't miss out on the chance to ensure you understand the impacts of the changes, which are critical to meeting institutional enrollment goals and maintaining an equitable awarding process. This session at NASFAA 2022 in Austin will highlight one school's experience in using the NASFAA Student Aid Index (SAI) Modeling Tool and will encourage you to consider how your budget and packaging may shift, depending on your institutional profile. Review the entire NASFAA 2022 conference schedule for other exciting sessions, and register today!

Looking for something student aid-related? Don't waste time scrolling through search engine results. We know you're busy. That's why we've made it easy to find what you need. The Student Aid Reference Desk is filled with direct links to federal regulation, legislative text, Department of Education guidance, and analysis — vetted by NASFAA staff — from policy organizations, institutions, and researchers focused on student access and success in higher education. It's free, nonpartisan, and easy to search or browse. Head to the Ref Desk to see for yourself.

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