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today’s news for Monday, May 2, 2022

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NEWS FROM NASFAA

As borrowers continue with what will amount to be a 30-month reprieve from federal student loan repayments, new reports are continuing to provide details as to how varying forgiveness plans could best target relief for borrowers who struggle the most. The New York Federal Reserve, in a new report, is seeking to answer who would most likely benefit from widespread student loan forgiveness and how setting parameters on the cancellation totals could bolster the financial relief administered to vulnerable borrowers.

A website managed by Federal Student Aid (FSA) where students go to fill out their FAFSA was found to contain code that unbeknownst to students and parents shared their personal information with Facebook, according to a new article from The Markup.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA is seeking a detail-oriented news reporter to cover student aid-related regulations, research, trends, and best practices for the NASFAA website and daily electronic newsletter. While experience covering higher education is not required, the reporter should have the demonstrated ability to quickly pick up new topics and report for a daily publication. Interested applicants should apply online with a cover letter, resume, and three writing samples by this Friday, May 20, 2022 for full consideration.

This AskRegs Knowledgebase Q&A was updated on April 4, 2022 to note the U.S. Department of Education (ED) automatically is extending the spending deadline to June 30, 2023 on all open Higher Education Emergency Relief Fund (HEERF) grants with more than $1,000 of unspent funds. View the full answer to this question to learn more.

In this webinar tomorrow, May 3, 2022 at 2:00 p.m. ET, hear directly from Lassandra Brice, associate director of student financial aid at Florida Agricultural & Mechanical University, on the institution's vision to transform the student aid experience and how increased process automation and transparency with Oracle Student Financial Planning (SFP) helped the university make progress on its goal to swing wide the campus gates for more students. In fact, in its first year of using Oracle SFP, FAMU was able to increase its FAFSA submissions by 26% and its financial aid awards by 47%. The session will also include a product demo from Oracle and audience Q&A. Register now.

NASFAA IN THE NEWS

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