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today’s news for Wednesday, June 15, 2022

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NEWS FROM NASFAA

The Department of Education’s (ED) Office of Inspector General (OIG) has issued new findings concerning duplications totaling $73 million in the awarding process for the Higher Education Emergency Relief Fund (HEERF), along with recommendations to prevent, identify, and correct grant awards.

On Monday, the Department of Education (ED) released four new questions for public comment on race, ethnicity, and gender, which will appear in a voluntary survey on the 2023-24 electronic FAFSA. Starting in October, applicants will be asked their gender, whether they are transgender, their race, and their ethnicity. ED intends to use feedback on these questions to inform development of required questions on the 2024-25 FAFSA, per the FAFSA Simplification Act. Applicants will be advised that their answers to these questions will not affect their eligibility for federal student aid, and schools will not receive this information. Comments are due Aug. 12, 2022.

NASFAA UPDATES AND ANNOUNCEMENTS

The NASFAA conference is a team effort! When we convene in Austin, please help us thank our Platinum- (College Ave Student Loans, Discover® Student Loans, Earnest, Edly, Inceptia, Oracle America, Sallie Mae, and SoFi) and Gold-level (Mohela and Ocelot) sponsors for their financial support and on-site participation. Our sponsors are a key piece of the puzzle as they help make it possible for NASFAA to provide financial aid training, networking opportunities, and professional development at the conference. Be sure to visit the Exhibit Hall while you're in Austin; if you haven't already, register for the conference now.

No. The Responsible Education Mitigating Options and Technical Extensions (REMOTE) Act amended the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020 (Isakson-Roe). If the institution provides students with the U.S. Department of Education's (ED's) College Financing Plan, it is not required to also provide the institutional disclosure requirements for student veterans under Section 1018 of Isakson-Roe. View the full answer to this question to learn more.

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