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This year, financial aid took a front seat in the news cycle and among discussions over public policy. Most notably, President Joe Biden announced his student loan cancellation plan, which would forgive between $10,000 to $20,000 in student loans for eligible borrowers. While his plan faces legal troubles, many are waiting anxiously to see if their debt will be canceled. There were also other changes in the financial aid world, including with FAFSA simplification, Pell Grants, borrower defense regulations, and more. Here are the top 10 articles NASFAA readers consumed in 2022.
Federal Student Aid (FSA) has acknowledged an issue causing an error message for some applicants who are trying to access their 2023-24 FAFSA renewal form. In recent weeks, applicants have reported instances in which they have received an error message when trying to access their renewal form informing them that the renewal form is not available. FSA expects the issue to be resolved by Dec. 29, 2022, and urges applicants who receive this message to complete a new 2023-24 FAFSA from the beginning.
The school alone decides what it considers to be reasonable costs for obtaining a first professional license, certification, or credential, so NASFAA cannot approve or deny inclusion of certain costs. The school needs to make its own determination on the types of actual or average costs it will allow in the student's cost of attendance (COA) and document in its policies and procedures how it constructed the cost component (which must be separate from other cost components required under Section 472 of the Higher Education Act of 1965 (HEA), as amended, [20 USC 1087LL]). View the full answer to this question to learn more.
Leadership isn't just about having a depth of knowledge around financial aid regulations (although it certainly doesn't hurt!). Great leaders are also great advocates — for their peers, for their institutions, and for their students. NASFAA's 2023 Leadership & Legislative Conference & Expo gives you the opportunity to grow in both areas. Having financial aid professionals engage in personal interactions with members of Congress and staff delivers the on-the-ground perspectives necessary for policymakers to make informed decisions. Learn more about preparing for Capitol Hill visits during the leadership conference, and register now to secure your spot.
Getting timely financial aid is critical for many learners, especially as college costs climb. One of the biggest challenges facing campuses is communicating with the students who need financial assistance to ensure they meet critical deadlines. How can staff generate connections to help keep students on track? Be sure to register for this upcoming webinar, sponsored by Jenzabar, on December 6 at 2 p.m. ET, that will highlight how their teams communicate with learners throughout the financial aid process to ensure students get the financial aid they need. Register today!