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Funding U. Unlike traditional student lenders who require a cosigner or stellar credit history, Funding U evaluates applicants based on their academic merit and predicted outcomes. Visit our dedicated schools page for more information about our program and to schedule a call with our team.
The Department of Education (ED) on Friday provided updates on the negotiated rulemaking process that is seeking an “alternative path to debt relief” in response to President Joe Biden’s student debt relief plan being struck down by the United States Supreme Court (SCOTUS) earlier this summer.
Over the weekend, President Joe Biden signed a continuing resolution that will keep the government funded through November 17, offering Congress additional time to work through spending levels for fiscal year 2024. Congressional negotiators still need to work through significant differences between their Labor-HHS-Education bills which funds ED, and need to contend with a potential House leadership fight that could further complicate spending talks.
Effective with the 2024-25 award year, the Foreign Earned Income Exclusion from IRS Form 2555 or 2555-EZ and reported on the 1040 tax return is no longer excluded from need analysis. Therefore, the exclusion amount must be reported as untaxed income on the FAFSA under Section 480(b)(5) the Higher Education Act of 1965 (HEA), as amended, [20 USC 1087vv(b)], which refers to the income exclusion as "foreign income exempt from federal taxation." View the full answer to this question to learn more.
Sign up today for NASFAA U's upcoming Professional Judgment online course starting November 13. This four-week interactive online course will focus on a comprehensive review of the concept of professional judgment. Instruction provided will examine the guiding principles for the use of professional judgment and explore its impact on student eligibility and financial assistance. Seats are limited, so register now to secure your spot in class.
Blue Icon Advisors' next Let's Talk session — focusing on tips and tools that support your development and management of P&Ps — is coming up on Thursday, October 19. 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.