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today’s news for Tuesday, November 7, 2023

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NEWS FROM NASFAA

The Department of Education (ED) on Monday resumed its negotiated rulemaking — or “neg reg” — sessions on student loan debt relief. During Monday’s session stakeholders began to weigh in on the department’s first draft of regulatory text that seeks to administer new initiatives to carry out student loan cancellation for certain borrower populations it seeks to identify through the rulemaking process.

NASFAA, along with several higher education organizations, joined onto a letter sent to the House Committee on Education and the Workforce with comments regarding the Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions (DETERRENT) Act. The legislation would make several amendments to foreign gift and contract reporting requirements for institutions. While the organizations state they appreciate the effort of this legislation, they warn lawmakers that there could be “detrimental impacts” to institutions.

NASFAA UPDATES AND ANNOUNCEMENTS

We need your great ideas for engaging, relevant, and interesting conference sessions. All types of session proposals are welcome, from those focused on advocacy, training, and professional development, to sessions structured as open-forum discussions. We urge you to construct your session proposal with an eye toward inclusion, ensuring speakers from different backgrounds — particularly those from marginalized groups — are represented. All proposals must be received by Monday, November 13. Visit our Presenters and Moderators page to submit a proposal.

Blue Icon Advisors, NASFAA Consulting, has a limited number of spots available for projects beginning in early 2024 to assist your school with setting up your financial aid management system for the next award year. We can consult on Banner, PeopleSoft, PowerFAIDS, and Colleague systems. Secure your spot today with one of our specialized consultants!

U.S. DEPARTMENT OF EDUCATION

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