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A new study from the Student Borrower Protection Center (SBPC) found that if President Joe Biden’s student loan cancellation is implemented, a majority of incarcerated borrowers would have the entirety of their student loan debt forgiven.
The Office of Federal Student Aid (FSA) on Wednesday sent an email reminding institutions that updates to the Gramm-Leach-Bliley Act (GLBA) went into effect this month. In a recent NASFAA webinar, FSA discussed changes to the Safeguards Rule, along with tips and resources to prepare for the updates. A Feb. 9, 2023 Electronic Announcement provides more information on updated GLBA cybersecurity requirements. FSA has also published new factsheets with recommendations to help institutions address systemic cybersecurity risk, along with a webinar (“Protecting Federal Tax Information (FTI) at Your Institution”) that can be accessed once logged into the FSA Training Center. Questions regarding this topic can be sent to [email protected].
This AskRegs Knowledgebase Q&A was updated to include the latest guidance about the end date of the following COVID-19 waiver or flexibility in the June 14, 2023 Electronic Announcement (GENERAL-23-46). Yes. Section 3503 of the CARES Act allows an institution to transfer up to 100 percent of its unexpended FWS allocation into its FSEOG funds (but not from FSEOG to FWS) during the period of the COVID-19 qualifying emergency. View the full answer to this question to learn more.
Join Blue Icon Advisors, NASFAA Consulting, at Let’s Talk LIVE! at the 2023 NASFAA Conference! Blue Icon will host three sessions, taking place on both Friday and Saturday. Two sessions — 9:45-10:45 a.m. on Friday, June 30, and 2:40-3:40 p.m. on Saturday, July 1 — will focus on how financial aid administrators can take their next step and become a consultant for Blue Icon. The third session, taking place at 11:15 a.m.-12:15 p.m. on Saturday, July 1, focuses on managing change in the financial aid office. Can’t make it to San Diego for the in-person conference? Check out Blue Icon’s schedule to see all upcoming Let’s Talk sessions.