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today’s news for Thursday, December 1, 2022

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NEWS FROM NASFAA

As the Federal Student Aid (FSA) annual training conference continues, Education Secretary Miguel Cardona gave a keynote address on Wednesday highlighting successes of the Biden administration, including increasing the maximum Pell Grant award and student loan debt relief.

It’s been three years since the launch of NASFAA's Certified Financial Aid Administrator® Program. This year, we focused on recertification and supporting the community of FAACs. Of the first cohort of FAACs eligible for renewal by the end of the fiscal year, nearly 80% renewed their designation. More than 40 of them renewed having earned well above 100 recertification points, qualifying for special benefits as members of the new 100+ Club. They were joined by 50 new FAACs from across the country for a total of 304 FAACs in all six regions and 45 states by the end of the year. NASFAA's Professional Credential program also continues to grow as members earn new credentials and renew existing credentials. By the end of this fiscal year, more than 28,770 credentials were earned or renewed; 8,488 professionals earned at least one credential; and 234 top credential earners earned all available NASFAA Professional Credentials. Read more about NASFAA’s Certified Financial Aid Administrator® Program and Professional Credentials program on pages 27-28 of NASFAA Now, our annual impact report.

NASFAA UPDATES AND ANNOUNCEMENTS

Ready to brush up on your financial aid knowledge? Learn at your desk, huddle up with others around a computer, or watch with a large group in a conference room. NASFAA's webinars are available on demand, covering a variety of topics, such as verification challenges, FAFSA updates, cash management, and more. Plus, if you have new staff, NASFAA's New Aid Officer Training series is the perfect opportunity for them to get their feet wet. The series is designed to introduce new aid officers to the basic aspects of Title IV administration. See what on-demand webinars are available to you and register today.

NASFAA's Compiled Title IV Regulations are available as web pages for each of the major parts of the Code of Federal Regulations, Title 34—Education (CFR 34), that together govern the Federal Student Aid programs. This edition of the Compiled Title IV Regulations includes changes in effect beginning with the 2022-23 award year, and was recently updated to include technical corrections to Parts 600 and 668 from the Oct. 20, 2022 Federal Register that became effective on Oct. 20, 2022.

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