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today’s news for Monday, June 6, 2022

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NEWS FROM NASFAA

As institutions look to reduce obstacles that prevent students from completing their programs, one issue that has stalled at the federal level is making some progress at the state level: banning the practice of transcript withholding for students with unpaid institutional balances. While states have been taking action in recent months to pass and implement new laws, the Department of Education (ED) has indicated a need for more serious federal evaluation of the issue.

In late April, the Department of Education (ED) released a Request for Information (RFI) on the behalf of the National Center for Education Research (NCER) — a center within ED — seeking input to help identify existing large datasets that may be useful for research and understand the challenges and limitations that may affect access. NASFAA responded to the RFI, calling for more transparency and more timely and consistent releases of data pertaining to student loan borrower outcomes and verification, arguing that access to this data would allow policymakers to more quickly address worrying trends.

In this new monthly round-up in Today's News, we would like to highlight what is going on in your state and regional financial aid administrator associations. This month, we’re excited to hear from the Midwest Association of Student Financial Aid Administrators (MASFAA), which will be celebrating its 60th Diamond Anniversary in October.

NASFAA UPDATES AND ANNOUNCEMENTS

There are multiple deadlines, the first of which is now June 30, 2023. After that, assignments must be made within Fiscal Operations and Application to Participate (FISAP) reporting periods based on loans that have entered and been in default for more than two years. View the full answer to this question to learn more.

The 2022 Conference Mentor Task Force has been hard at work developing events for our first-time attendees, with Randy McCready from the University of Pittsburgh serving as the task force chair. If you will be attending the NASFAA national conference for the first time in Austin, and would like to have a mentor to help you navigate the conference and make professional contacts, fill out this short online response form by Wednesday, June 8. We will contact mentees with mentor assignments in mid-June.

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