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today’s news for Tuesday, October 25, 2022

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NEWS FROM NASFAA

In preparation for implementation of the Student Aid Index (SAI) in the 2024-25 award year, NASFAA has developed a number of SAI case studies — using its SAI Modeling Tool — to help financial aid administrators understand the circumstances that may lead to SAIs differing from expected family contributions (EFCs). In a series of hypothetical applicant scenarios, the case studies provide demographic information and a side-by-side comparison of the EFC versus the SAI, with explanations for differences between the two.

If you’re having a hard time keeping track of all the upcoming deadlines, expirations, and restart dates around student loans, then you’re in luck! NASFAA has created a resource with key dates for students, borrowers, and financial aid professionals to remember, such as when to apply for loan cancellation, or when to submit temporary waivers for Public Service Loan Forgiveness that are set to expire soon. You can download versions of these NASFAA graphics on our website and share them with your students and staff.

NASFAA UPDATES AND ANNOUNCEMENTS

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 Monday, October 31, 2022.

Take advantage of the certification application waiver and apply today to get certified! The FAAC® designation will open doors for your professional growth and provide you with added credibility as you help students and work across campus. NASFAA has developed a suite of resources to help you prepare for the knowledge exam, which is available to you for a year after your application is approved. Check your eligibility for the certification program, and apply today! 

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