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today’s news for Tuesday, May 9, 2023

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NEWS FROM NASFAA

The Department of Education (ED) on Monday announced that over 615,000 borrowers received Public Service Loan Forgiveness (PSLF) since October 2021, due to previous temporary PSLF changes made by the Biden administration.

NASFAA on Monday submitted comments to the Department of Education (ED) on its proposed form for FAFSA filers and student loan borrowers to revoke consent for the Internal Revenue Service to share Federal Taxpayer Information (FTI) with ED in accordance with the FUTURE Act. NASFAA questioned the need for ED to create a consent revocation process for FAFSA filers on the basis that consent for FAFSA purposes is given for a finite period of time, at which point it expires automatically.

NASFAA UPDATES AND ANNOUNCEMENTS

FAFSA Simplification is top of mind for everyone in the financial aid community. As we move closer to the 2024-25 processing year, join this panel of NASFAA staff experts on July 12 as they recap where we are, share the latest insights, and identify still unresolved issues. This 100% virtual training opportunity is available exclusively to NASFAA members. The flat, one-time rate allows anyone from your institution who is listed on your NASFAA membership roster to participate, simultaneously from multiple locations and devices, and take advantage of all virtual conference offerings. Review the full schedule for the NASFAA 2023 Virtual Conference and register today!

NASFAA seeks a financial aid expert to join its Business Services team as the Compliance and Project Manager. This is a unique opportunity for an experienced financial aid professional who is ready for a career change and would enjoy helping NASFAA grow its consulting business, Blue Icon Advisors, NASFAA Consulting. This position will serve as Blue Icon's compliance expert, overseeing the U.S. Department of Education Third-Party Servicer (TPS) ongoing requirements and annual audit, and will manage the Standards of Excellence (SOE) Review Program. Interested applicants should apply online.  

U.S. DEPARTMENT OF EDUCATION

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