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The House on Wednesday evening passed a bipartisan deal to raise the debt ceiling and address future spending levels, all but staving off the potential consequences of a default on the national debt. The package also contains a provision that would codify the Biden administration’s planned resumption of student loan repayments — while also preventing another possible extension — by sunsetting the payment pause and interest accrual 60 days after June 30, 2023.
As part of April’s Advocacy Pipeline, NASFAA hosted three members for in-person meetings on Capitol Hill. The participants — Tara Verrico from Geneva College, Jessica Flogaites, FAAC® from University of Pittsburgh, and Mark Messingschlager, FAAC® from Thomas More University — spoke to congressional staffers from Pennsylvania and Kentucky.
NASFAA is excited to welcome its 2023 Dallas Martin Endowment (DME) Policy Intern, Abbie Barondess. Abbie is a dual degree master’s student at the University of Michigan receiving her degrees in public policy and higher education. After receiving her bachelor's degree in neuroscience from the University of Michigan in 2019, she worked as a college advisor with the Michigan College Advising Corps — a branch of AmeriCorps that places recent graduates in high schools across the state to increase the number of first-generation and low-income students entering and completing postsecondary education. Abbie is passionate about increasing college access and completion and is excited about the opportunity to advocate for impactful student aid policies that will allow more students to access the benefits of higher education. We look forward to having Abbie with us this summer — keep an eye out for her introductory article coming soon!
Borrowers will continue to be in the cohort in which they entered repayment. According to guidance NASFAA has received from the U.S. Department of Education (ED), unless the borrower is granted a deferment under 34 CFR 685.207(a) before entering repayment: A Direct Subsidized Loan and/or Direct Unsubsidized Loan borrower is considered in repayment when their grace period ends, per 685.207(b)(4) and 685.207(c)(4). View the full answer to this question to learn more.
NASFAA is excited to announce new opportunities to help you get certified! Our new in-person and online exam preparation workshop experiences are designed to help you assess your current knowledge and highlight any areas of Title IV aid administration you may need to review further. The NASFAA-facilitated online workshops are accessible from anywhere. If you’re looking for an in-person experience, state and regional associations may also choose to host workshops facilitated by current FAACs using NASFAA’s new workshop materials. These workshops increase the likelihood of success on the knowledge exam and provide significant cost savings. Learn more about all of NASFAA’s candidate resources.
Blue Icon Advisors invites you to join a new intensive six-week group coaching experience focused exclusively on financial aid policies and procedures — P&P Group Coaching. These meetings will help you learn new strategies, develop a plan to build required policies and procedures, receive practical advice from experienced financial aid leaders, and more! Learn more about how group coaching can benefit you and your career goals. The session begins on Monday, June 19 — be sure to register by June 16 to secure your spot.