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TODAY'S NEWS

today’s news for Thursday, August 18, 2022

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NEWS FROM NASFAA

The Department of Education (ED) in a Dear Colleague Letter released Wednesday announced updates to the “fresh start” initiative, which would enable defaulted borrowers to reenter repayment in good standing — but many outstanding questions continue to percolate concerning both the program’s framework and timing related to its implementation.

The Biden administration has launched a new website to highlight the benefits of the Public Service Loan Forgiveness (PSLF) program’s temporary waiver, and is reminding borrowers that the window to participate is winding down. The page provides borrowers with testimonials and scenarios in which individuals would qualify for the program’s expansion. As a reminder, the temporary waiver is set to expire at the end of October and it is unclear whether an extension will be forthcoming. Stay tuned to Today’s News for the most up-to-date information on the temporary waiver.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA's Rapid Response Network (RRN) provides timely feedback on student aid issues to NASFAA staff, which is then used in NASFAA's policy and advocacy work with Congress and the Department of Education. Communication is done through a listserv, and RRN members are asked to provide feedback relevant to their own institution or experiences. If interested, please use this form to apply to volunteer no later than 5:00 p.m. ET on Friday, Aug. 19, 2022. Please note, members who are already on the RRN listserv from previous years will remain on the RRN listserv unless they ask to be removed.

Are you looking to take the next step in your career and become a financial aid director? Aspiring Director Group Coaching with Blue Icon Advisors can help you get there! In weekly meetings, you'll work on mastering financial aid leadership skills, receive practical advice from experienced professionals, form a network with your peers, and more. Eric Johnson, assistant director of financial aid at Goldey-Beacom College, said participating in group coaching was "one of the smartest professional development decisions" he has ever made. This will be the only group coaching session offered this fall for aspiring directors — read what other past participants have to say, and register by Oct. 21 to secure your spot!

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