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today’s news for Monday, May 22, 2023

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NEWS FROM NASFAA

The Department of Education (ED) on Friday released its Pell Grant look-up tables for award year 2024-25, which help determine if a student may be eligible for a maximum or minimum grant.

On Friday, the Department of Education (ED) issued proposed regulations on financial value transparency and gainful employment (GE). ED negotiated gainful employment in a rulemaking session held in early 2022, where it also discussed institutional and programmatic eligibility topics including the 90/10 rule, ability to benefit, financial responsibility, certification procedures, and administrative capability. This is the first article in a three-part series delving deeper into the specific provisions of the proposed rules. 

Melet Leafgreen

Meet Melet Leafgreen, FAAC®. Melet’s initial career plan was to become a minister after completing her undergraduate program, but when she relocated to Fort Worth, Texas to begin seminary, a job at her graduate school’s financial aid office changed that trajectory.

Rep. Glenn Grothman (R-Wisc.) last week introduced legislation that would allow institutions to limit the amount of federal loans that a student can borrow, which Grothman said would help students from overborrowing loans they won’t be able to pay off.

NASFAA UPDATES AND ANNOUNCEMENTS

No. There will be no Federal Pell Grant Payment and Disbursement Schedules (tables) that have been used in the past; those calculations are system-driven beginning in 2024-25. Instead, the U.S. Department of Education (ED) will be releasing the following to assist schools, students, and college access professionals: Pell Look-Up Tables: These are look-up charts mainly for families and college access professionals, including financial aid administrators for counseling purposes. View the full answer to this question to learn more.

NASFAA's upcoming webinar on FAFSA simplification and how to plan for future changes, taking place on Wednesday, June 7, has been extended to run for two hours to ensure there is enough time to cover the content and have a robust Q&A. The webinar will also be recorded and made available on-demand. Secure your seat today!

The National Association for College Admission Counseling (NACAC) is excited to announce a comprehensive revision to its textbook, "Fundamentals of College Admission Counseling: A Textbook for Graduate Students and Practicing Counselors," and is seeking authors for core chapters, as well as specific population mini-chapters. Are you interested in participating as an author? Review the list of proposed chapters, and apply by May 30 to be considered.

U.S. DEPARTMENT OF EDUCATION

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