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today’s news for Monday, October 31, 2022

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Ocelot. New research shows the breakdown between institutions and students rests with inaccessible information, inconsistent advice, and confusing systems. Get the full results, insights, and case studies on how institutions can scale the personal touch and bridge the engagement gap. Download the report.

NEWS FROM NASFAA

In 2021-22, even in the face of significant change and challenge, the nation's financial aid administrators did what they do best: opened doors to educational opportunity and helped students attain their long-held dreams. As you worked incredibly long hours last year, NASFAA worked alongside you, helping interpret conflicting and changing guidance on Higher Education Emergency Relief Fund (HEERF) grants, providing ongoing webinars and up-to-the-minute information on late-breaking regulatory guidance, and sharing best practices from other offices through Today's News articles and our “Off The Cuff” podcast. Take a look at NASFAA Now, our annual impact report, for more on these and other efforts and accomplishments.

The Department of Education (ED) Office of Inspector General (OIG) released a public service announcement on Thursday warning borrowers of scams related to President Joe Biden’s student loan relief and the pause on student loan repayments.

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 today, Oct. 31, 2022.

Yes, but the borrower must notify their loan servicer no later than Nov. 14, 2022, that they wish to opt out of the student loan debt forgiveness. View the full answer to this question to learn more.

Today is the last day to take advantage of the waived certification application fee, a savings of $50. Start your journey towards earning the FAAC® designation by checking your eligibility and submitting your application. Upon approval, you will have one year to prepare for and sit for the knowledge exam. NASFAA has developed a suite of resources to aid your preparation, including a self-assessment worksheet and exam prep guide. Learn more about the certification process by viewing this recorded Certification Insider Zoom session. Get started today!

This November NASFAA’s webinar line-up starts on Nov. 2, 2022, with the NASFAA Business Services Webinar: Why Your Financial Aid Office Needs an Operational Calendar presented by Mandy Sponholtz. On Wednesday, Nov. 16, 2022, join Lissa Powell for the webinar Cash Management: Late Versus Retroactive Disbursement. NASFAA webinars are all recorded and made available to view on-demand. Register now.

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