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today’s news for Thursday, July 7, 2022

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NEWS FROM NASFAA

The Department of Education (ED) on Wednesday announced that it will be publishing a highly anticipated Notice of Proposed Rulemaking (NPRM) on a number of regulations, including borrower defense, the Public Service Loan Forgiveness (PSLF) program, interest capitalization, total permanent disability discharges, closed school discharges, and false certification. In a call with ED officials, Under Secretary James Kvaal detailed the latest update to the administration’s regulatory package and pledged to continue making changes to support a stronger, more equitable student aid system.

NASFAA joined more than a dozen other higher education organizations in a letter praising new legislation that addresses concerns stemming from recent policy changes to the 85-15 rule by the Department of Veterans Affairs (VA). 

NASFAA UPDATES AND ANNOUNCEMENTS

For the calendar quarter ending on June 30, 2022, the NEW Quarterly Budget and Expenditure Reporting for all HEERF I, II, and III grant funds form/format must be used and completed by July 11, 2022 because July 10 falls on a Sunday (according to ED presenters on its Technical Assistance Webinar: Quarterly Reporting Update). Schools should not use the reporting formats or forms that have been used for quarters prior to the June 30, 2022 quarter, and they should note that significant changes have been made to the reporting requirements. View the full answer to this question to learn more.

Virtual training opportunities have grown leaps and bounds in the wake of the pandemic and NASFAA intends to build on that momentum to offer a brand-new, 100% online, virtual conference, beginning next Monday, July 11. We'll carry the same great aspects of the national conference you've come to know and love into a virtual format, but the content will consist entirely of unique sessions not offered at the NASFAA 2022 in-person conference in June. Registration is institutional rather than individual, so for the cost of just $250, everyone on your NASFAA roster can participate. Explore the conference schedule and register today!

Congratulations to Our Conference App Game Winners

We'd like to thank all who participated in our National Conference App Game and offer our congratulations to first place winners Delia Gomez of Texas A&M University San Antonio Campus, and Carrie Short of Lorain County Community College, who won complimentary registrations to NASFAA's 2023 National Conference in San Diego. We'd also like to congratulate our second place winner Sharmain Lazard-Talbert of Southern University at Shreveport, who won a complimentary registration to NASFAA's 2023 Leadership & Legislative Conference & Expo; our third and fourth place winners Andrea Flores of Gateway Technical College and Jessica McCarthy of Terra State Community College, who each won a complimentary NASFAA U online course of their choosing; and our fifth place winner Sophia McGee of Houston Community College, who won a free NASFAA Credential test.

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