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today’s news for Monday, September 26, 2022

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NEWS FROM NASFAA

While President Joe Biden’s student loan debt relief won’t be federally taxed, millions of borrowers may have to pay state income tax if they receive the relief. 

NASFAA UPDATES AND ANNOUNCEMENTS

No. According to the Department of Education (ED), if the school has no reason to dispute the authenticity of the document, then the school can accept the document to confirm a student's Title IV eligibility. For Title IV purposes, the financial aid administrator is reviewing the document to see if it looks authentic and not like a forgery, rather than focusing on signature requirements. View the full answer to this question to learn more.

NASFAA's Financial Aid Night Toolkit has recently been updated with information for the 2023-24 academic year and is now available to assist NASFAA members in conducting or providing support for financial aid night presentations. In the toolkit you'll find a slideshow designed to give students and families a basic understanding of financial aid concepts, sources of financial aid, and the application process for federal student aid. The toolkit also contains a guide to planning and conducting a financial aid night, as well as updated versions of supplemental student and parent handouts to help you give a compelling and informative presentation. The content may be presented in person or virtually.

Creating, implementing, or overhauling a policies and procedures (P&P) manual is one of those tasks on a financial aid office's to-do list that directors often struggle to allocate time for. With seemingly constantly changing federal student aid regulations, aid offices often find themselves scrambling to update their P&P manual at the last second. That's where Blue Icon Advisors can come in to help, with a team of independent consultants who have a background in creating and reviewing P&Ps.

Federal Student Aid (FSA) from 2–3 p.m. ET this Wednesday, September 28, will be hosting a webinar focusing on updates to the 2023-24 Free Application for Federal Student Aid (FAFSA®) form. According to FSA the webinar is intended for students, parents, and college access professionals who are interested in what's new with the 2023–24 FAFSA® form, as well as FAFSA updates. There will also be an opportunity for participants to ask questions. Interested? Be sure to register now!

U.S. DEPARTMENT OF EDUCATION

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