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President Joe Biden on Wednesday formally vetoed the resolution that would overturn his administration’s student loan forgiveness plan and immediately end the pause on federal student loan payments.
In this monthly round-up in Today's News, we would like to highlight what is going on in your state and regional financial aid administrator associations. This month, we have the opportunity to hear from our colleagues in Wisconsin and Georgia. Check back next month to see what your colleagues are doing across the country, and check out your colleagues’ updates from previous months!
The Parent PLUS loan program has faced increased scrutiny in recent years and now a new brief is highlighting how the plan can have a disproportionately negative financial impact on Black parents who take out such loans for their children’s education. The brief, released by the Education Trust, found that the Parent PLUS debt currently accounts for $104 billion of the $1.5 trillion (close to 7%) in total outstanding federal student loan debt.
The Department of Education (ED) on Wednesday formally launched its “Title IV Institutional Survey,” which aims to evaluate how well the department is servicing schools administering Title IV programs on their campuses. According to ED, a vendor will contact school financial aid administrators via email and provide a link to the web survey with a notification email to be sent from: “Federal Student Aid, through CFI Group [[email protected]]”. NASFAA encourages institutions to complete this survey, which is expected to close by July 14, 2023.
Federal Student Aid’s (FSA) webinar series discussing the roll-out of the 2024-25 FAFSA is now under way. A total of 11 webinars will take place between this June and July. Sessions will include a live Q&A chat feature that will follow each presentation. According to FSA, registration is not required but participation will be available on a first come, first served basis, with each session able to accommodate up to 10,000 participants. A video recording and full transcript of the webinar will be made available in the week following each webinar. Dates and additional details for each session can be found in FSA’s announcement. The webinar series was originally promised as a part of FSA’s road map outlining delivery dates for 2024-25 FAFSA resources.
In July 2023, incarcerated students enrolled in eligible Prison Education Programs will gain access to Pell Grant eligibility for the first time since 1994. Join us at 3:00 p.m. ET on Thursday, June 15 for a discussion of what financial aid administrators and prison education practitioners can do to ensure they are prepared to effectively support incarcerated learners. This 75-minute webinar is free, but you must register in advance.
Are you attending the NASFAA 2023 National Conference for the first time in San Diego? Be sure to RSVP for our exclusive first-time attendee events, including a pre-conference behind-the-scenes tour and the first-time attendees kick-off networking event and dessert reception. RSVP online by Friday, June 9 to secure your spot and maximize your conference experience.