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TODAY'S NEWS

today’s news for Monday, September 25, 2023

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Inceptia. Inceptia's Student Outreach suite proactively connects with students on your behalf to promote FAFSA completion, share important dates, confirm attendance and more – ultimately, increasing your enrollment. Plus, our outreach helps your institution get back those students who have left due to melt. Learn more!

NEWS FROM NASFAA

Meet Catherine Boscher-Murphy, associate director of financial aid at Montclair State University. Throughout her 41-year financial aid career, Catherine has found herself continually drawn to working in an academic environment. Outside of her on-campus work, Catherine also ran a successful financial aid consulting business for a decade, where she would assist schools with verification or write policies and procedures manuals, conduct trainings, and even conduct quasi program reviews to determine institutional compliance with federal rules and regulations.

The Department of Education (ED) plans to begin its FAFSA outreach campaign this week to students who completed the 2023-24 FAFSA. While the official release date of the 2024-25 FAFSA has been delayed until this December, the department has begun to prepare students, families, and higher education professionals of their roadmap to releasing the updated form, which includes its updated Federal Student Aid Estimator tool.

NASFAA UPDATES AND ANNOUNCEMENTS

NASFAA has confirmed with the U.S. Department of Education (ED) that, for all borrowers in default and eligible for Fresh Start, ED's Debt Management and Collections System (DMCS) is assigning a loan status code of "DX" dated August 3, 2022. For Fresh Start purposes, the "DX" means “defaulted but reinstatement eligible.” The "DX" status will remain through the end of the Fresh Start period (August 31, 2024). View the full answer to this question to learn more.

More financial aid professionals recently joined hundreds of financial aid professionals across the country who now hold the FAAC® designation. Check the Registry to see if any of your colleagues have been certified and congratulate them for this achievement! Certified by the Certified Financial Aid Administrator® Commission, these individuals now qualify to receive a multitude of benefits. Would you like to become certified, too? The next testing window opens on the 1st — or take advantage of any of the upcoming testing windows. Start by exploring your eligibility today using our free interactive eligibility tool.

Register now for NASFAA’s webinar on verification on Wednesday, October 25 at 2 p.m. ET. This webinar will review the 2024-25 verification data element and documentation requirements resulting from FAFSA simplification changes to the application process. Additionally, the webinar will discuss some of the more complicated issues that will remain even after FAFSA simplification has been implemented. Secure your seat today.

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