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The Department of Education (ED) on Wednesday announced it will cancel the federal student loans of 2,300 borrowers who enrolled in an online for-profit institution based in San Diego, California. The latest discharge would total $72 million and, per ED, resulted from evidence of “numerous substantial misrepresentations” by Ashford University and its parent company, Zovio, Inc., that were corroborated through submitted borrower defense applications.
Many under-resourced schools do not have the capacity or resources to use NASFAA’s SAI Modeling Tool, which helps predict changes in financial need and Federal Pell Grant eligibility as a result of FAFSA simplification. In order to support those institutions NASFAA, through its consulting firm Blue Icon Advisors, will assist up to 50 under-resourced schools in utilizing the tool at a significantly reduced price. This work is generously sponsored by a grant from Strada Education Foundation. If you are interested in participating in this SAI Modeling Tool opportunity you can learn more about how to take the next steps.
Blue Icon Advisors' next Let's Talk session on Thursday, September 21 — focusing on achieving institutional goals and objectives — is now less than a month away! The maximum capacity for each event is limited, so be sure to reserve your seat today. 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.