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today’s news for Tuesday, September 6, 2022

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NEWS FROM NASFAA

Just a week after President Joe Biden announced that he is canceling $10,000 to $20,000 in student loan debt for millions of borrowers and extending the student loan repayment pause, borrowers are already reporting that they’re receiving emails and calls from scammers. 

NASFAA UPDATES AND ANNOUNCEMENTS

Undergraduate, graduate, and parent PLUS loan borrowers eligible for student loan debt forgiveness include: Direct Loan borrowers with Direct Loans first disbursed on or before June 30, 2022; Direct PLUS borrowers, including both parent and student borrowers, with Direct PLUS Loans first disbursed on or before June 30, 2022; Direct Consolidation Loan borrowers for which the underlying consolidated Direct Loans have a first disbursement date on or before June 30, 2022; Direct Consolidation Loan borrowers for which the underlying Family Federal Education Loan (FFEL) Program loans were held by the U.S. Department of Education (ED) and have a first disbursement date on or before June 30, 2022; and FFEL borrowers whose FFEL loans have been transferred to ED for servicing (so they are federally held) and have a first disbursement on or before June 30, 2022. View the full answer to this question to learn more.

"My responsibility of meeting the requirements of the PPA and having written P&Ps kept looming over me," said David Loverin, financial aid director at College of the Sequoias. "Our consultant kept us on track to complete our manual and in the end provided us a robust, detailed P&P manual that we can keep as a living document. The experience gave us great learning opportunities to where are strengths and weaknesses are." Contact Blue Icon today to get started on your next project.

Originally part of the 2022 NASFAA Virtual Conference, this 105-minute webinar is now free to all NASFAA members on-demand. In Part 1, officials from the Department of Education provide updates on upcoming FAFSA simplification changes effective for 2023-24 and to the Pell eligibility and Federal Methodology formula changes effective in the 2024-25 award year. In Part 2, NASFAA policy staff and aid administrators give a brief overview of NASFAA's SAI Modeling Tool and share how they are using the tool on their campuses to plan for these changes. Register to watch on-demand now!

U.S. DEPARTMENT OF EDUCATION

NASFAA IN THE NEWS

NASFAA CAREER CENTER


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