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today’s news for Wednesday, March 1, 2023

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NEWS FROM NASFAA

The United States Supreme Court on Tuesday heard heavily anticipated legal arguments in which the Biden administration laid out its justification of the president’s student loan debt cancellation program while the opposing parties in two cases questioned whether the president has the authority to carry out the program, and whether it would cause harm to borrowers and other entities. While the final decision likely will not be revealed for several more months, conservative justices on the court — including Chief Justice John Roberts — expressed scrutiny over the program in their questioning.

The Department of Education (ED) on Tuesday announced in an updated Dear Colleague Letter (DCL) that it is adjusting the effective date of its new guidance on third-party servicers to Sept. 1, 2023, from its original date, rather than immediately as of February 15. Additionally, the letter extended the public comment period to 30 days after publication of the updated DCL on February 28. 

NASFAA UPDATES AND ANNOUNCEMENTS

Register now for NASFAA’s upcoming professional development panel webinar on honing in on your emotional intelligence on March 29, 2023, at 2 p.m. ET. Join NASFAA's Susan Shogren and a guest panel as they discuss the importance of emotional intelligence, the capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically. Secure your seat today

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