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today’s news for Monday, June 13, 2022

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CampusLogic. Central State University needed a personalized communications solution that was available to students 24/7. Learn how VirtualAdvisor helped Central State's Financial Aid office support more students, without working overtime. Learn more.

NEWS FROM NASFAA

On this day 25 years ago, the electronic version of the NASFAA Encyclopedia was produced, and Today's News, nasfaa.org, and the electronic NASFAA newsletter were launched. We've come a long way since 1997! Take a look back at some of our most popular articles over the last few years.

The Consumer Financial Protection Bureau (CFPB) on Thursday announced that it is taking action against the owner of a student loan debt relief company that allegedly, without authorization, withdrew hundreds of thousands of dollars from student borrowers’ bank accounts, by obtaining their account information from a previous debt relief scammer that the agency shut down in 2016.

In the height of the pandemic, many financial aid offices took their processes online and asked aid administrators to start working 100% remotely. However, over time, some schools have brought staff back to campus, while others work a hybrid schedule, and others remain remote. We'd like to hear from you about where things stand now. Take our quick poll by Tuesday, June 21, 2022 at 5:00 p.m. ET to let us know. If you'd like to take more polls, head to our Poll the Pros page.

NASFAA UPDATES AND ANNOUNCEMENTS

No and Yes. The extra days are not included in the denominator but are included in the numerator for purposes of the 49% R2T4 exemption calculation. The extra days are included in both the numerator and denominator for purposes of determining the percentage of the payment period or period of enrollment the student completed in the R2T4 calculation itself (the 60% calculation). View the full answer to this question to learn more.

If you haven't already renewed for 2022-23, your NASFAA membership will expire on June 30. Go to www.nasfaa.org/mydues to renew your membership and maintain your Today's News subscription. Contact Membership Services today at (202) 785-4053 Ext. 1 or [email protected] with questions.

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