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today’s news for Wednesday, April 12, 2023

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NEWS FROM NASFAA

President Joe Biden on Monday signed a bill that ended the COVID-19 national emergency, about a month before it was set to expire along with a separate public health emergency, leaving questions regarding what that means for pandemic flexibilities and waivers related to federal student aid programs.

Many advocates and higher education experts on Tuesday shared comments with the Department of Education (ED) in the first of several public hearing sessions happening this week on negotiated rulemaking topics the department plans to tackle in the coming year. 

Department of Education (ED) Under Secretary James Kvaal on Tuesday published a blog post with an update to the department’s third-party servicer guidance, stating that ED will remove the Sept. 1, 2023 effective date for the guidance due to an influx of “significant and helpful feedback” from more than 1,000 public comments. 

The Department of Education (ED) in a recent update to its Public Service Loan Forgiveness (PSLF) program application process has enabled electronic signature options for employers to verify a borrower’s eligibility. “Current or past employees may be using the PSLF Help Tool, which provides digital signature and submission capabilities,” according to ED guidance. The employer, ED explains, may receive an email from Federal Student Aid via DocuSign, asking them to certify employment and digitally sign the certification form. According to the guidance, employers may also receive manual forms from an employee who elects to not use the PSLF Help Tool.

NASFAA UPDATES AND ANNOUNCEMENTS

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 today at 2 p.m. ET, 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.

As part of Financial Literacy Month, NASFAA is asking our members to share the resources you use when helping students with their financial literacy. These can be resources developed by your financial aid office or institution, or they can be external resources such as apps or websites that you recommend to your students. Submissions will be collected until 5:00 p.m. ET on Friday, April 14. NASFAA will compile your resources and add them to the Member-Generated Content Library. We will remove any identifying information about your institution before publishing it in the content library. Please note, NASFAA does not review submissions for technical or regulatory accuracy.

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