today’s news for Thursday, May 25, 2023

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The House by a vote of 218-203 advanced legislation that would overturn President Joe Biden’s student loan forgiveness plan and end the pause on federal student loan payments.

Two of the Department of Education’s (ED) top higher education officials — Under Secretary James Kvaal and Federal Student Aid (FSA) Chief Operating Officer Richard Cordray — on Wednesday testified during a House Higher Education and Workforce Development Subcommittee hearing, which touched on issues over President Joe Biden’s student loan cancellation plan, the pause on student loan payments, gainful employment regulations, and more. 

A pair of House Republican leaders are accusing the Biden administration of seeking to “hijack” federal courts in order to advance a borrower defense settlement, and have launched an investigation into the Department of Education’s (ED) processes for carrying out the relief.


As we approach the end of the academic year, we are collecting the names of financial aid colleagues and higher education industry VIPs who passed away in the last year (since July 2022). If you know of someone who should be recognized on this list, please submit an update by this Friday, June 16.

Blue Icon Advisors' next Let's Talk session — focusing on how to lead effectively through change — is coming up on Thursday, June 15, 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.

Have you looked at NASFAA's events calendar recently? Next month, Vice President for Public Policy and Federal Relations Karen McCarthy presents at the National Council of Higher Education Resources (NCHER) Annual Conference, Director of Government Relations Rachel Rotunda presents virtually at the Connecticut (CAPFAA) Annual Business Meeting, and NASFAA President Justin Draeger presents virtually at the Connecticut Higher Education Supplemental Loan Authority (CHELSA) Board Meeting. Head to the Events Calendar to get all the details on these and other upcoming events.




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