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today’s news for Monday, October 17, 2022

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NEWS FROM NASFAA

The application to receive President Joe Biden's student loan cancellation opened on Friday evening for beta testing. Over the last several days, borrowers have been able to begin submitting their application ahead of the official launch, which is expected sometime later this month.

It’s early in the process, but with the 2023-24 FAFSA cycle officially underway, completion data is starting to roll in — with some potentially positive signs for higher education enrollment. In the latest dataset for this cycle, compiled by the National College Attainment Network (NCAN), FAFSA completions for the first week of the application period jumped 25.4% from last year, with 4.3% of current high school seniors submitting their applications.

NASFAA UPDATES AND ANNOUNCEMENTS

You can find the most recent version on the U.S. Department of Education's (ED's) The College Financing Plan website. When the newest version becomes available, it will be posted there. View the full answer to this question to learn more.

NASFAA's award-winning Diversity Leadership Program (DLP) aims to advance the careers of individuals from marginalized and underrepresented groups in the association and create a strong and diverse pipeline for association leadership. Now in its fifth year, the DLP is seeking six new participants to receive a robust portfolio of benefits, mentorship, and guidance to aid in their development as financial aid association leaders at the state, regional, and national level. Please refer to the DLP webpage for more information about program benefits, the applicant selection process, and eligibility criteria. Applications are due October 31, 2022.

Financial aid administrators play an important role in the world of higher education. Get the credit you deserve by adding the FAAC® designation to your signature. Current FAACs have cited increased validation and credibility after becoming certified. In honor of Financial Aid Day on October 19, NASFAA has waived the fee for the certification application now through October 31, 2022, a savings of $50. No promo code is needed. Once your application is approved, you will have one year to sit for the knowledge exam - plenty of time to utilize the candidate resources and prepare for the exam. Check your eligibility for the certification program, and apply today!

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