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today’s news for Monday, February 27, 2023

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NEWS FROM NASFAA

In February 2023, NASFAA distributed a survey to NASFAA member institutions to assess their institution’s knowledge about and readiness for FAFSA Simplification Act implementation. The survey — which asked participants to rate their institution’s level of preparedness for individual provisions of the FAFSA Simplification Act, the barriers they anticipate in implementing the changes on campus, and their reliance on various resources on FAFSA simplification, among other things — received 374 responses for an 11% response rate.

NASFAA signed on to a letter sent by the American Council on Education urging the Department of Education (ED) to extend the comment period and reporting deadline tied to its solicitation of feedback on third-party servicers. Specifically, the letter urges ED to extend the ongoing comment period concerning third-party entities, commonly known as Online Program Managers (OPMs), from March 16 to May 1, and to offer an additional 30 days, at minimum, for certain institutions to complete a new “Third-Party Servicer Data Form” who have arrangements with third-party servicers that were not previously reported to ED. Currently institutions are required to report on those arrangements by May 1, 2023. 

NASFAA UPDATES AND ANNOUNCEMENTS

Yes. The school is required to include both graduate and parent PLUS fees in the student's cost of attendance (COA)--that is, it is not optional. The wording in Section 472(a)(13) of the Higher Education Act of 1965 (HEA), as amended, [20 USC 1087LL] is as follows: "SEC. 472. [20 U.S.C. 1087LL] COST OF ATTENDANCE. (13) for a student who receives a Federal student loan made under this subchapter or any other Federal law, to cover a student's cost of attendance at the institution, an allowance for the actual cost of any loan fee, origination fee, or insurance premium charged to such student or the parent of such student on such loan, or the average cost of any such fee or premium, as applicable;" View the full answer to this question to learn more.

Attending the NASFAA National Conference for the first time can be an overwhelming experience, even more so if you are attending alone. We want attendees to have a great time and come back year after year. While NASFAA has always hosted a welcome reception for first-time attendees, we continue to look for creative ways to help first-time attendees connect with colleagues. All members of this task force will be required to attend NASFAA 2023 in San Diego and participate in conference mentor activities prior to the conference and on-site. If this sounds like something that you would be interested in, please review the task force charter on the volunteer information page and complete the volunteer form by Friday, March 10, 2023, at 5:00 p.m. ET.

U.S. DEPARTMENT OF EDUCATION

NASFAA IN THE NEWS

NASFAA TRAINING

NASFAA CAREER CENTER


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