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today’s news for Thursday, May 5, 2022

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NEWS FROM NASFAA

Federal Student Aid (FSA) in a recent electronic announcement provided schools with a revised payment and disbursement schedule for the 2022-23 Pell Grant calculation, which was needed due to the delayed enactment of Congress’ annual spending package. The notice also underscores an important reminder for institutions that sent Pell Grant records to the COD System before May 1, 2022, since those records were evaluated by the system using the now out of date Jan. 31, 2022 Pell Grant schedules. Records finalized within that timeframe do not account for the increased allocation that was recently signed into law. FSA includes guidance as to how schools can go about resubmitting their records that will now need to be corrected.

A private memo has detailed the ways in which President Joe Biden’s consideration of canceling some amount of student loan debt could face a legal challenge over the use of executive authority, The Wall Street Journal reports. The memo, according to the report, was put together by a former Department of Education (ED) official, Charlie Rose, a top departmental lawyer from the Obama administration.

NASFAA UPDATES AND ANNOUNCEMENTS

As we approach the end of the academic year, we are collecting the names of financial aid colleagues and higher education industry VIPs who passed away in the last year (since July 2021). If you know of someone who should be recognized on this list, please submit an update by June 1.

Join Margot O'Meara, NASFAA's certification and credentialing program analyst, next Wednesday, May 11, 2022 at 2:00 p.m. ET to explore how you can use the Candidate Handbook to your advantage. She will be joined by a panel of FAACs® who will share insights into why they pursued certification, how they prepared for the knowledge exam, what the testing experience was like, and how they have benefited from the designation. Begin your journey towards certification by tuning in for this complimentary webinar to learn more about the Certified Financial Aid Administrator® (CFAA) Program. Register now.

Do you have at least five years of financial aid experience? Are you looking for a new challenge? Blue Icon Advisors is looking for qualified financial aid and enrollment management professionals to join our team of independent consultants. We have projects you can complete in your spare time as well as interim staffing. Interested? Apply now!

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