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On Friday Federal Student Aid (FSA) announced that the consent revocation process is not necessary for FAFSA purposes. The announcement follows comments NASFAA submitted to the Department of Education (ED) questioning the need for ED to create a consent revocation process for FAFSA filers, in accordance with the FUTURE Act, on the basis that consent for FAFSA purposes is given for a finite period of time.
Student loan debt relief has been a top priority for the Department of Education (ED), with the Biden administration pushing for a host of changes aimed at improving borrowers’ experience. But the borrowers who could benefit most from some of these initiatives aren’t getting the message, according to a new report.
Scenario: The school cleared a student for Title IV eligibility through Fresh Start for the 2022-23 award year. Now the student has filed a FAFSA for the 2023-24 award year. The 2023-24 Institutional Student Information Record (ISIR) still has loans with defaulted loan status codes, C-codes, and/or comment codes. Answer: It depends on whether there are new defaulted loans that were not previously cleared. View the full answer to this question to learn more.
The 2023 Conference Mentor Task Force has been hard at work developing events for first-time attendees, with Brenda Burke from Kent State University serving as the task force chair. If you will be attending the NASFAA conference for the first time in San Diego, and would like to have a mentor help you navigate the conference and make professional contacts, fill out this short online response form by Friday, May 26. If you have attended a NASFAA National Conference in the past and would like to help by being a mentor, please review the Conference Mentor Task Force Charter and complete the online volunteer form by Friday, May 26.