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today’s news for Wednesday, May 17, 2023

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NEWS FROM NASFAA

Education Secretary Miguel Cardona spent Tuesday offering hours of testimony to the House Committee on Education and the Workforce to justify the Department of Education's (ED) budget request for fiscal year 2024 and responded to questions that delved into federal investments and costs associated with higher education.

May is Mental Health Awareness Month, a time when many institutions join the national movement to raise awareness about the importance of mental health. Conversation and support for mental health is more important than ever before, according to recent statistics collected by the National Alliance on Mental Illness (NAMI).

The Biden administration on Monday filed a motion requesting a federal judge to dismiss SoFi’s lawsuit against the Department of Education (ED) which seeks to immediately end the ongoing freeze on federal student loan payments and interest accrual — or at minimum, to end it for borrowers who are not eligible for President Joe Biden’s student loan debt cancellation plan.

NASFAA UPDATES AND ANNOUNCEMENTS

This AskRegs Knowlegebase Q&A has been updated to include a change in informal guidance previously provided by ED to NASFAA. Scenario: A student is studying abroad for spring term. The enrollment period for a regular student for spring is January 4 to May 10. However, the classes in the study abroad program do not start until March 1. The student is not taking classes except as part of the study abroad experience. The student is receiving 12 credit hours for the study abroad (in Germany, for example). View the full answer to this question to learn more.

Blue Icon Advisors' next Let's Talk session — focusing on how to prepare when you get the call for a federal program review — is tomorrow, Thursday, May 18, at 12 p.m. ET. The event is free to NASFAA members, but you must register in advance. Let's Talk meets every month and gives practicing financial aid professionals the opportunity to engage with peers, learn from presenters and each other, share information, and discuss best practices. Check the schedule to see more upcoming Let's Talk topics.

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