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today’s news for Wednesday, July 19, 2023

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NEWS FROM NASFAA

As the Biden administration attempts to move its student debt relief plan through the negotiated rulemaking process, advocates, experts, and other stakeholders gathered on Tuesday to voice support and concerns at a Department of Education (ED) public hearing. 

NASFAA UPDATES AND ANNOUNCEMENTS

No. NASFAA has reconfirmed with the U.S. Department of Education (ED) that untaxed portions of Individual Retirement Account (Individual Retirement Arrangement or IRA) and pension distributions will still transfer into the FAFSA using the FUTURE Act Direct Data Exchange (FADDX, formerly the IRS DRT) for 2024-25 and beyond, but there will be no back-end calculation of the rollover amount by the IRS. View the full answer to this question to learn more.

Join us today, Wednesday, July 19 for a 90-minute webinar analyzing two recent U.S. Supreme Court cases challenging race-conscious admission policies. Attendees will gain clarity on the implications for institutional enrollment policy and practice — including recommended strategies and action steps to consider. The webinar is free to NASFAA members, but you must register in advance.

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