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today’s news for Monday, March 20, 2023

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NEWS FROM NASFAA

Though the worst of the pandemic may be behind us, students and families are still feeling the financial burden when it comes to paying for college, as inflation has impacted the cost of groceries, rent, and other living expenses. Just this month, Federal Reserve Chairman Jerome Powell told Congress interest rates are “likely to be higher” than previously anticipated in order to curb rising inflation. 

Republicans are turning to a new legislative tool in an effort to rescind President Joe Biden’s student loan debt cancellation plan, which is currently stalled as the United States Supreme Court considers lawsuits challenging the program.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA has asked the U.S. Department of Education (ED), and they stated that an updated version of the College Financing Plan should be available this summer. In the meantime, schools should use it as is. View the full answer to this question to learn more.

You know you need documented policies and procedures, but it's hard to know where to begin. Do I start with "low-hanging fruit" or the hardest areas? What will my auditor (or a federal program reviewer) want to see? Join us at 2 p.m. ET on Wednesday, April 12, to learn tips, tricks, and strategies from the Blue Icon Advisors consulting team for how to start writing your policies and procedures. This webinar is free for members, but you must register in advance.

U.S. DEPARTMENT OF EDUCATION

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