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today’s news for Monday, November 21, 2022

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Ellucian. The University of Pittsburgh needed a streamlined scholarship management process that would reduce staff stress and maximize student award dollars. Learn how ScholarshipUniverse helped Pitt's financial aid office enhance the scholarship process for students and staff.

NEWS FROM NASFAA

The 118th Congress is sure to be split, with Democrats maintaining control of the Senate and Republicans flipping the House, meaning that passing any legislation — let alone bills related to higher education — is likely to be challenging. Still, previously introduced legislation could foreshadow respective party priorities for higher education policy as they pursue their agendas.

The Department of Education (ED) on Thursday announced the culmination of a joint effort with the Department of Justice (DOJ) to develop a new process for federal student loan bankruptcy discharge cases in the interest of a more equitable, consistent, and transparent process for borrowers. The DOJ memo included with the guidance stressed a desire to reduce burden for both borrowers and attorneys in pursuing bankruptcy discharges.

NASFAA signed on to a letter sent by the American Council on Education urging congressional leaders to pass legislation to protect Dreamers after recent court decisions declared the Deferred Action for Childhood Arrivals (DACA) program illegal.

NASFAA UPDATES AND ANNOUNCEMENTS

This guidance is specific to the 2023-24 award year and later. The following cost components must be included when constructing the student's cost of attendance (COA or budget), rather than added later only upon the student's request: Tuition and fees; Books, course materials, supplies, and equipment (including a reasonable allowance for the documented rental or upfront purchase of a personal computer, as determined by the institution); Living expenses (including together both housing and food); Transportation; Miscellaneous personal expenses; Federal student loan fees if the student is receiving federal loans of any kind (Title IV or otherwise); and Professional licensure, certification, or a first professional credential costs if the academic program leads to a professional licensure, certification, or credential. View the full answer to this question to learn more.

Those who have earned the FAAC® designation have demonstrated breadth of knowledge of benefit to their employers, their colleagues, and the students and families seeking assistance — and they’re not afraid to dive deep into thorny issues. The FAAC Forum at NASFAA’s 2023 Leadership & Legislative Conference & Expo gives you the chance to connect with others in your community and collaborate on big picture issues facing the financial aid profession. Explore the schedule and register today! If you're interested in becoming certified and qualifying to attend this event, verify your eligibility using our free interactive tool.

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