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Thousands of borrowers have received bills from servicers with incorrect payment amounts after applying to the Saving on a Valuable Education (SAVE) repayment plan, the Biden administration's new income-driven repayment plan, multiple reports found.
NASFAA is happy to share results of its latest Professional Judgment (PJ) survey from September 2023. While past years’ surveys have focused on the COVID-19 pandemic, this year’s survey focuses more generally on PJ volume and year-to-year comparisons. We also added a number of questions on institutions’ reactions to a recent Office of Inspector General report about PJ use at a NASFAA member institution.
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.
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. 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. Read more for next steps.
If you like solving problems, answering questions, and helping others with financial aid administration, you should consider consulting with Blue Icon Advisors! Join us on November 2 at 1:00 p.m. ET to learn more about consulting and ask current consultants any questions you have. Register today!