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today’s news for Tuesday, October 4, 2022

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NEWS FROM NASFAA

The national cohort default rate (CDR) for federal student loans that entered repayment in fiscal year (FY) 2019 dropped significantly, falling to 2.3% from 7.3% for loans that entered repayment in FY 2018, according to data released by the Department of Education (ED) Monday.

Confused about where Democrats and Republicans stand on student loan reform? NASFAA has you covered with this new page covering recent proposals from House Committee on Education and Labor majority and minority members outlining their vision for reforming the federal student loan system, as well as other federal student aid areas including Pell Grants and Public Service Loan Forgiveness. Check it out to find links to bill text, NASFAA coverage, a comparison chart, and more. 

NASFAA UPDATES AND ANNOUNCEMENTS

We need your great ideas for engaging, relevant, and interesting conference sessions. All types of session proposals are welcome, from those focused on advocacy, training, and professional development, to sessions structured as open-forum discussions. We urge you to construct your session proposal with an eye toward inclusion, ensuring speakers from different backgrounds — particularly those from marginalized groups — are represented. All proposals must be received by October 31, 2022. Visit our Presenters and Moderators page to submit a proposal.

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.

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