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In August, the Department of Education (ED) released its draft FAFSA® Specifications Guide Volume 7 – Comment Codes which included significant renumbering of ISIR comment codes from the previous year. In response to member concerns about needing to update financial aid systems and communications, and having learned ED has no plans to create a crosswalk to help financial aid administrators easily see what has changed from 2023-24 to 2024-25, NASFAA has begun work to develop a crosswalk. We expect to have this resource available in October. Read Today’s News for an announcement of its availability.
As policymakers ramp up their work on the annual federal budget, higher education advocates are looking to highlight how specific key investments can promote positive returns on investment for students, particularly those from low-income households.
With the annual conference now behind us, NASFAA is looking forward to next year's national conference in Milwaukee, Wisconsin. The 2024 National Conference Program Task Force will focus on developing the program for the 2024 National Conference to be held June 16-19, 2024. We expect one in-person meeting for the entire task force which will take place in late fall at the NASFAA office in Washington, D.C. Zoom calls and emails will round out the extent of the work. NASFAA will reimburse for travel-related expenses for the fall meeting, but any travel-related expenses related to Milwaukee will be the responsibility of the member. Attendance at the 2024 conference is not a requirement for participation. Read the full task force charter and, if interested, apply to volunteer by Thursday, September 21.
FAFSA simplification is something that impacts all corners of the institution. Last month, we asked our community for email templates, presentation slides, or other materials you have used to inform your colleagues and the public about the changes that come with FAFSA simplification. We are happy to share those resources with you in our Community Resource Library. For more knowledge sharing, join our FAFSA Simplification Community to connect with aid professionals across the country. If you have resources to share, submit them today.
This five-week interactive online course, beginning on October 2 at 4:00 p.m. ET, provides an overview of the return of Title IV funds (R2T4) regulations. Course participants will learn what happens to Title IV funds when a student withdraws before completing the period of enrollment, withdrawal from programs offered in modules, and how to apply the R2T4 formula in order to calculate the amount the school must return to the Title IV programs, or the amounts the student could receive as post-withdrawal disbursement. Register now and reserve your seat today!