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today’s news for Tuesday, April 30, 2024

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NEWS FROM NASFAA

The Department of Education (ED) on Monday announced via an electronic announcement that it has delivered the reprocessed Institutional Student Information Records (ISIRs) of "nearly all" impacted records to institutions and states. Earlier in April, ED announced that about 30% of FAFSA forms were potentially affected by known processing or data errors, and that it planned to reprocess these ISIRs and begin sending them to institutions by May 1.

Meet Jannine Oyama, Financial Aid Specialist at the University of Hawaii Community College System. Per her colleagues, Jannine has shown incredible kindness and generosity with her time throughout the entirety of her career. Her expertise has been formulated by serving in multiple capacities since her time as a work-study student, and throughout her career has focused on issues like document checking, verification, packaging student loans and much more.

The Department of Labor (DOL) last week released a final rule raising the salary threshold that would qualify for exemption from overtime pay (known as the “white collar exemption”) under the Fair Labor Standards Act (FLSA), which would result in a greater number of employees eligible for overtime pay.

NASFAA UPDATES AND ANNOUNCEMENTS

Join NASFAA on Wednesday, May 29, at 2 p.m. ET for a webinar on all of the new regulations which are not centered on FAFSA simplification that will go into effect on July 1, 2024. Areas that will be covered include financial responsibility, gainful employment, financial value transparency, and more. Register today to secure your seat.

Registration is open for NASFAA’s 2024 National Conference in Milwaukee, Wisconsin, and you can still take advantage of the early bird pricing! The NASFAA national conference is the premier event serving the student financial aid community, taking place on June 16-19, 2024. NASFAA has created a toolkit of easily customizable letters and worksheets to help your manager understand the return they will see on this important investment. Make sure to register before May 1 for early bird pricing.

U.S. DEPARTMENT OF EDUCATION

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