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today’s news for Tuesday, September 20, 2022

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NEWS FROM NASFAA

Within the past year, the costs of groceries, housing, utilities, and gas have increased, according to the Bureau of Labor Statistics. Just between June 2021 to June 2022, the Consumer Price Index (CPI) for all urban consumers increased 9.1%, which is the highest 12-month increase since 1981. And colleges are trying to combat that — either by increasing access to their food pantries, giving students funds for transportation, or helping students get other basic needs. 

The Parent PLUS loan program creates “immense debt” for thousands of low-income parents each year, which they will struggle to pay off, due to poor policy design and compounded by structural inequalities, a new report out of Georgetown University found. 

NASFAA UPDATES AND ANNOUNCEMENTS

This eight-week interactive online course, beginning October 11, will review the types of higher education loan programs. It will cover the Direct Loan application and origination process, eligibility criteria, annual and aggregate limits, loan periods, loan repayment plans, deferments, forbearance, discharges, and counseling requirements. It will also cover private education loans, institutional loans, and loan disclosures and practices. This course is the perfect learning tool for new and intermediate level financial aid professionals designed to provide the necessary tools and subject matter expertise to guide you through the Direct Loan process, as well as provide a general overview of all higher education loans. Upon passing the course, you will receive complimentary access to the credential test. Register now!

Have you looked at NASFAA's events calendar recently? Coming up in October, NASFAA President Justin Draeger and National Chair Brad Barnett will present at the RMASFAA Annual Conference in Salt Lake City, and Vice President of Professional Development & Institutional Compliance Dana Kelly will present at the 2022 Annual SCASFAA Conference in Myrtle Beach, South Carolina. Later in the month, Vice President for Public Policy and Federal Relations Karen McCarthy will present at the 2022 VASFAA Financial Aid Directors' Summit in Richmond, Virginia, and Justin and others from the NASFAA Policy Team head to Orlando, Florida, to present at the College Board Forum 2022. Head to the Events Calendar to get all the details on these and other upcoming events.

U.S. DEPARTMENT OF EDUCATION

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