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today’s news for Thursday, April 18, 2024

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NEWS FROM NASFAA

The Department of Education (ED) in an electronic announcement detailed its planned implementation of Common Origination and Disbursement (COD) System functionality, which supports campus-based programs and the processing of student aid program awards for the 2024-25 award year, that will require a suspension of batch processing from 11 p.m. ET on Saturday, April 20, 2024, to 11 a.m. ET on Sunday, April 21, 2024. During the outage users will not be able to submit or retrieve data from the COD website and they will be unable to access COD reports. ED also provided attachments with reminders for the 2024-25 award year and system changes that will be implemented on April 21, at which time, following the suspension of processing, schools can begin to send records to COD.

The Department of Education (ED), in a recently revised notice, announced it will allow incarcerated individuals who are not currently students to consolidate their student loans. 

NASFAA UPDATES AND ANNOUNCEMENTS

Register now for NASFAA U's Academic Calendars online course. This four-week collaborative online course will focus on the building blocks of Title IV program eligibility. Concepts such as academic year, payment periods, and program structure will be defined and illustrated as emerging academic program structures test the traditional basis of determining program eligibility and packaging students with Title IV aid. The course starts Tuesday, April 30, reserve your seat today.

NASFAA will hold a 100% virtual conference exclusively for NASFAA members July 8-11, 2024. For one low price of $350 everyone on your NASFAA roster can participate in the conference. The NASFAA Need Analysis Credential Training is also included in the registration fee, as well as the opportunity to take the corresponding credential exam (a savings of $99 per person!).

Join Us in Welcoming the Following Members...

Please join us in giving NASFAA's newest members: Eureka College; Humphreys University; Los Angeles Career College; Salon Success Academy-Corona; and Trinity Health System School of Nursing a warm welcome. This month we also have the pleasure of welcoming back the following institutions as NASFAA members: Divers Institute of Technology; Lenape Technical School Practical Nursing Program; Monterey Peninsula College; and San Francisco Institute of Esthetics and Cosmetology. We are glad to have all of you as NASFAA members. We encourage you to check out our Events Calendar for a look at upcoming professional development opportunities and to utilize NASFAA's Membership Directory, Speaker and Mentor Professional Directory, and Volunteer and Leadership Directory to help you better engage and connect with your financial aid peers across the country.

U.S. DEPARTMENT OF EDUCATION

TRENDING IN FINAID NEWS

NASFAA TRAINING

NASFAA CAREER CENTER


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