today’s news for Thursday, February 1, 2024

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Regent Education. Regent Education automates the financial aid lifecycle across all enrollment and educational models. Designed by financial aid experts, our holistic, cloud-based, SIS-agnostic platform integrates with key campus systems, enabling institutions to increase efficiency, give students greater transparency into borrowing options, and exceed enrollment goals.


It's no secret that the last several months have been challenging for our profession, for our students, and for the higher education community as we navigate the launch of a completely overhauled FAFSA. The most recent news out of the U.S. Department of Education (ED) compounds those challenges even further. Read an open letter from 2024-25 National Chair Helen Faith and NASFAA President & CEO Justin Draeger to the NASFAA member community.

NASFAA is pleased to share an update to the Student Aid Index (SAI) Modeling Tool reflecting recent changes by the Department of Education to adjust several tables in the SAI formula to account for inflation, as required by the FAFSA Simplification Act. NASFAA has also developed instructions for directly updating the SAI modeling tool formulas, for users who have already loaded student data into an earlier version of the tool and prefer updating the tool itself instead of loading student data into the latest version.

NASFAA has received a number of inquiries from members who noticed the values for the asset protection allowance (APA) are $0 in the final guide, while the draft guide included values for those figures. The short answer: the zeroes are correct. For a longer explanation, read on.

The Department of Education (ED) on Wednesday announced that it will be hosting another negotiated rulemaking session – known as neg reg – specifically focused on how the department can provide student loan debt relief to borrowers facing financial hardships. 


It's that time again — Financial Aid Awareness Month has arrived! We want to know how you, our members, are spreading awareness and highlighting your efforts to keep students and families informed about financial aid available to them. Need some ideas? Utilize social media to spread the word, lead a Q&A session for prospective college students, or host a virtual meet-and-greet for students to interact with your office. Be sure to keep NASFAA in the loop by sharing about your Financial Aid Awareness Month efforts and events on social media using the hashtag #FinAidFeb, and by posting photos on our Facebook page. Thank you for all you do!

NASFAA's 2024 Leadership & Legislative Conference & Expo will convene Sunday, February 4, in Washington, D.C. We would like to take this opportunity to thank our Platinum sponsor Granite Edvance, as well as our Gold sponsors: College Ave Student Loans; Earnest; and PNC Bank Student Loan Center for all they have done to help make this a successful conference.

Get the recognition you deserve by earning the FAAC® designation. Schedule your exam soon to take advantage of your knowledge of current Title IV regulations before the Certified Financial Aid Administrator® Knowledge Exam is updated for the 2024-25 award year as of May 1, 2024. If your application has already been approved, purchase the certification knowledge exam and schedule your session online. If you haven’t applied yet, take advantage of the waived application fee and complete your application online right away. Learn more about the testing process and make sure you meet all of the technical requirements. Utilize candidate resources to review for the exam.






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