SEARCH TODAY'S NEWS ARCHIVES
NASFAA
TODAY'S NEWS

today’s news for Monday, November 14, 2022

Brought to you by:

Discover® Student Loans. We help students and their families cover college costs with loan options that best fit their needs. With zero fees, valuable rewards, and exceptional customer service, we're committed to helping students succeed and build bright futures. Visit our dedicated school page to download helpful product materials and more.

NEWS FROM NASFAA

A federal judge on Thursday struck down President Joe Biden's student loan debt cancellation program, declaring the action an "unconstitutional exercise of Congress's legislative power." The ruling, coming from a court case in Texas, further complicates the administration's efforts to implement the program — which late last month was stalled by a legal injunction that has halted borrowers from having their applications processed and receiving debt cancellation.

For more than a decade the Department of Education (ED) has failed to provide Congress with more than a dozen Experimental Sites Initiative (ESI) reporting requirements, according to a report recently released by the department’s Office of Inspector General (OIG). The documented lapse identified by OIG found that the department has not published a comprehensive ESI report since the 2010-11 award year.

NASFAA UPDATES AND ANNOUNCEMENTS

This guidance is specific to the 2023-24 award year and later. See Dear Colleague Letter GEN-22-15, which outlines each of the FAFSA Simplification provisions that are effective for the 2023-24 award year. View the full answer to this question to learn more.

Financial aid offices are facing staffing shortages across the country due to increased turnover caused at least in part by burnout amid the pandemic, an aging workforce, and several other factors leaving schools struggling to compete for skilled workers in a highly competitive job market. The Succession Planning pathway at NASFAA's 2023 Leadership & Legislative Conference & Expo is designed to help your office prepare for the future. Sessions will focus on cultivating leadership, building mentorships, employee retention, and more. Register today to secure your seat.

NASFAA's Board of Directors is here to represent you and is seeking your input. Please email any questions or comments you might have directly to a member of the NASFAA Board by clicking on their name on our Board Member Bios page. Questions or feedback may pertain to NASFAA products and services, membership benefits, policy/advocacy issues, or any other topic you would like to bring before the Board. The Board will compile and discuss at the Dec. 5-6, 2022, Board meeting in Scottsdale, Ariz. We welcome your insight.

Trellis’ Student Financial Wellness Survey (SFWS) is implemented each fall and covers a broad range of topics, including financial behaviors and decision-making, financial knowledge, paying for college, financial security, basic needs security, and mental health. The survey allows for the exploration of the connection between student finances and student success. Participation in the SFWS is free and all participating institutions receive a school-level report of findings. In the webinar on Nov. 15, 2022, at 2:00 p.m. ET, Trellis will provide an overview of some of the findings from the fall 2021 survey and the process to participate. Co-presenters from the University of Oklahoma and Imperial Valley Community College will then describe their experience with the process of participating and the various ways they have used the information in their financial aid offices and throughout the institution. Register now.

U.S. DEPARTMENT OF EDUCATION

NASFAA IN THE NEWS

NASFAA TRAINING

NASFAA CAREER CENTER


PREVIOUS
NEXT

Contact us to submit questions, content or to purchase advertisements.

View Desktop Version