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The results of tomorrow’s highly anticipated midterm elections will have significant implications for Congress as a whole — as well as its education panels, which could see change in their leadership. While much of the congressional jockeying will hinge on each chamber’s respective majorities — and changes in seniority — there are already key players that will be well positioned to shape the higher education policymaking agenda for the 118th Congress.
On Friday the Department of Education (ED) published its recently promised Dear Colleague Letter, (DCL) GEN–22–15, announcing changes as authorized by the FAFSA Simplification Act (Act), with revisions aimed at providing more clarity and detail to individual cost of attendance components. Institutions must implement them for the 2023-24 award year. ED also provided a Questions and Answers section at the end of this Dear Colleague Letter.
NASFAA will be closed on Tuesday, November 8, in order to give NASFAA staff time to fulfill their civic duty by volunteering and voting at the polls on Election Day. NASFAA's Today's News will still be sent, but membership and technical support — as well as responses to AskRegs inquiries — may be slightly delayed. Office functions will resume at full capacity on Wednesday, November 9.
This guidance is not award-year-specific and applies across award years. According to guidance in Dear Colleague Letter GEN-22-15 "Not immediately. We understand that it may take some time for institutions to fully update their documentation, publications, policies, and practices with any new terms and phrasing outlined in the Act, such as 'housing and food' versus 'room and board.' However, we do expect institutions to begin planning for any revisions and to formally make changes as soon as it is feasible within their normal consumer information update process." View the full answer to this question to learn more.