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The National Student Clearinghouse is alerting institutions of a cybersecurity issue with one of its third-party software tools, MOVEit Transfer, by software provider Progress Software. The issue affects certain personal data maintained by Clearinghouse on behalf of some institutions, who received a notification of the issue. According to Clearinghouse, Progress Software found that “unauthorized actors” discovered a vulnerability in the MOVEit Transfer software that could allow unauthorized access to files being transferred using the tool. Clearinghouse states that it is working with law enforcement and a global cybersecurity firm to investigate the issue. Additionally, the organization has initiated a review of affected files and will follow up with additional information to institutions, including a list of individuals whose personal data was affected.
The FAFSA Simplification Act directs the Department of Education (ED) to collect individual students’ annual Federal Work-Study (FWS) earnings data from institutions. To comply with the law, ED is proposing a process by which institutions would report this data via the Common Origination and Disbursement (COD) system. Because of the significant burden (200 hours) associated with this information collection, NASFAA encourages institutions to submit comments and is sharing this draft of comments we plan to submit on the July 12, 2023 deadline, which members can use as a resource in drafting their own comments.
Join us on Wednesday, July 26 for a 90-minute webinar that will cover some best practices in the administration of the Federal Work-Study (FWS) program. The webinar will dive into the general, prepandemic rules and best practices regarding FWS, the new campus-based schema in COD for the reporting of student earnings, as well as the end of the COVID-19 national emergency and what that means going forward for the FWS program. Secure your seat and register today!
Join Blue Icon Advisors on Thursday, July 20, at 12:00 p.m. ET for a reflection on NASFAA’s National Conference and Virtual Conference, with a discussion on what we heard and how we apply that information. 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.