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today’s news for Friday, June 17, 2022

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NEWS FROM NASFAA

While the Department of Education (ED) continues to plot out the parameters of its ‘fresh start’ policy for borrowers currently in default, a new survey is indicating that federal student loan holders who have struggled with repayment could face long-term challenges to the repayment system. The Pew Charitable Trusts conducted a recent study that found roughly a third of federal student loan borrowers have at some point in time gone into default, with a significant portion of those students experiencing default multiples times.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA Office Closed Monday in Observance of Juneteenth Federal Holiday

NASFAA offices will be closed on Monday, June 20, 2022 in observance of the Juneteenth federal holiday. NASFAA's Today's News will not be sent and AskRegs and technical and membership support will not be available until the office reopens on Tuesday, June 21.

The most recent certification testing window has closed and the registry continues to grow! The Certified Financial Aid Administrator® Commission — an independent certifying body of NASFAA — has now certified a total of 322 financial aid professionals across the country who have earned the FAAC® designation. These individuals now qualify to receive a multitude of benefits. If you’re interested in becoming certified, verify your eligibility using our free, interactive tool. The next testing window opens on July 13, 2022.

There won’t be a new episode of “Off The Cuff” this week, but we have plenty in store for the weeks ahead! In the meantime, as we prepare for our national conference, be sure to catch up on past episodes diving into the conversation over student loan debt cancellation, transcript withholding policies, student data sharing, the latest news on verification, targeted student loan debt cancellation, and more! Be sure to stay tuned for new episodes from our regulatory and policy teams, plus special episodes featuring more higher education experts.

Please join us in congratulating Patricia Reilly, associate dean of financial aid at Tufts University,  who will retire after 42 years of working in financial aid; Rodney Oto, director of student financial services at Carleton College, who will retire after 44 years of working in financial aid; and Theresa Lowder, director of student financial aid services at Berea College, who will retire after 45 years of working in financial aid. We're also congratulating the following individuals for job changes: Jennifer Christian Wright, formerly the associate director of financial aid systems at Amherst College will be the senior product analyst of PowerFAIDS Cloud at College Board; M. Nichole Pollard-Alford, formerly the campus director at Montgomery College is now the director at Frederick Community College; Michael Williams, formerly the director of financial aid at Schoolcraft College, is now the director of financial aid at Macomb Community College; and Sarah Sherinian was promoted from manager of personalized learning to assistant director of operations at Northern Arizona University. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.

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