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today’s news for Monday, November 27, 2023

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ELM Resources. After connecting with you at recent conferences, our team gained valuable insights and key takeaways. As leaders in private loan services for nearly 30 years, reach out so we can collaborate on new ways to streamline your processing to better serve students.

NEWS FROM NASFAA

In the last year, NASFAA has seen the financial aid community serve as mentors, share deep knowledge, troubleshoot, develop community, and work together toward the shared goal of increasing student access to and success in postsecondary education. Several of NASFAA’s task forces began, continued, or completed work, a fifth Diversity Leadership Program class was successfully selected, and the NASFAA Board of Directors developed and rolled out a new three-year Strategic Long-Range Plan, provided critical fiscal and strategic oversight, bolstered NASFAA’s mission through key programmatic offerings, and remained agile to best serve the membership. NASFAA’s legislative advocacy in 2022-23 focused on funding for the federal student aid programs and reforms to higher education policy. With a divided Congress, NASFAA continues to work closely with members across the political spectrum to deliver much-needed improvements to the student aid system. Take a look at our annual impact report, for more on the association's efforts and accomplishments.

NASFAA UPDATES AND ANNOUNCEMENTS

A retroactive disbursement (or retroactive payment) is made while the student is still enrolled for the award year (or loan period for a Direct Loan). A late disbursement is made after the student is no longer enrolled for the award year (or drops below half time for a Direct Loan). View the full answer to this question to learn more.

The NASFAA Policy Update, at 2:00 p.m. ET on December 13, will include the latest updates on what's happening in Washington related to student aid policy. The Policy Team will provide updates on Higher Education Act reauthorization, student aid funding, regulatory action, administration initiatives, and close with a question-and-answer session. Secure your seat today.

As many aid offices gear up to hire and fill vacant positions, community members have been asking to share on-boarding documents for new employees. If you have training agendas, on-boarding documents, or other new employee processes please submit these resources to our library by November 30. We will share the submissions a few weeks afterwards. For more knowledge sharing, join NASFAA Communities (powered by Slack) to connect more with aid professionals across the country.

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