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TODAY'S NEWS

today’s news for Monday, July 31, 2023

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NEWS FROM NASFAA

The Office of Federal Student Aid (FSA) this weekend quietly launched the beta application for student loan borrowers to enroll in its new income-driven repayment plan (IDR), dubbed the “Saving on A Valuable Education (SAVE)” plan.

The House Higher Education and Workforce Development Subcommittee held its last hearing before its August recess on Thursday, touching on issues with college affordability, student loan debt, Pell Grants, gainful employment, price transparency, and more.

The Senate Appropriations committee released the official text of its spending plan, which provides more details as to how the chamber’s bipartisan legislation seeks to allocate funding for the Department of Education’s (ED) programs for fiscal year 2024.

NASFAA UPDATES AND ANNOUNCEMENTS

No. Dear Colleague Letter GEN-23-06 contains this statement: "First-time applicants will need to follow up with their institution to submit documentation supporting their homeless determination." However, according to guidance NASFAA has received from the U.S. Department of Education (ED), this statement does not mean the school needs to verify homelessness or collect documentation from all first-time applicants. View the full answer to this question to learn more.

U.S. DEPARTMENT OF EDUCATION

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