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On Tuesday, NASFAA submitted comments to the Department of Education (ED) on proposed institutional and programmatic responsibility regulations, which included a new financial value transparency framework for all programs at all institution types, as well as reinstated gainful employment rules for all programs at proprietary schools and certificate programs at all institution types. NASFAA challenged ED’s process as well as statutory authority in several areas related to financial value transparency, and questioned the validity of the new earnings premium metric. Other topics NASFAA addressed include new financial aid offer requirements, valid high school diploma requirements, and transcript withholding.

The Department of Education (ED) is set to launch its new grants management system, G6, for the grantmaking community with a modernized user interface and new functionality on Monday, August 7, 2023. The new URL will be www.g6.ed.gov and the old G5 URL will redirect users to the new page. Additionally, on August 7, Login.gov will launch as a sign-in method for accessing the G5 page along with the current G5 sign-in page. ED notes that eventually it will exclusively use Login.gov as the authentication method for signing in to G6. More details on the transition are listed here. 

At this year's NASFAA Virtual Conference, attendees will have the opportunity to train for NASFAA's Cost of Attendance (COA) Professional Credential. In addition to learning about all of the new components required for COA, participants will also learn the principles and purposes of the student budget construction process, gain an understanding of how to build student budgets, learn about the various allowable budget components and restrictions for certain categories of students, and become familiar with budget recalculations and the impact of non-Title IV aid on the cost of attendance. Completion of this session qualifies individuals to take the corresponding NASFAA Professional Credential test free of charge. Review the full schedule for the NASFAA 2023 Virtual Conference and register today!

Starting July 1, 2023, testing windows for the Certified Financial Aid Administrator^® Knowledge Exam will be the first three weeks of every month. Since the exam is remotely proctored, candidates need to schedule a date and time to sit for the exam within an available testing window. If your application has already been approved, make sure to purchase the exam and schedule your session online before your one-year eligibility period expires. Check your personal Dashboard to confirm that date. Learn more about the testing process and make sure you meet all of the technical requirements. If you haven’t applied yet, check your eligibility and complete your free application online today.

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