Brought to you by:

Inceptia. Even with the recent student loan repayment announcements, current 0% CDRs could jump with 30% of borrowers not, nor intending to, pay their loans. While low CDRs may look like positive financial health, it's not the full story. Read more about the CDR illusion and its impact on institution's financial and operational health.

Section 117 of the Higher Education Act requires institutions of higher education to file a disclosure report with the Department of Education (ED) whenever the institution is owned or controlled by a foreign source; or receives a gift from or enters into a contract with a foreign source, where the value is $250,000 or more. The next date institutions must submit disclosure reports through the reporting portal is Wednesday, July 31, 2024. The July reporting deadline is established by statute, ED explained via an electronic announcement. Failure to comply with the reporting requirement could result in enforcement action.

Yes. In the June 17, 2024 Electronic Announcement (GENERAL-24-71), the U.S. Department of Education (ED) acknowledged that it is conflicting information when a FAFSA contributor (student, student spouse, parent, parent spouse) indicates on the FAFSA that they did not file a tax return for the specified tax year (a nontax filer or nonfiler) and yet the FUTURE Act Direct Data Exchange (FA-DDX) retrieved federal tax information (FTI) from the IRS for that individual with IRS Response Code 200. View the full answer to this question to learn more.

NASFAA's 2024 Virtual Conference begins this week! Sign up today and your entire institution can take part in this training opportunity, with completely unique programming. Don't miss out on officials from the U.S. Department of Education joining us on Tuesday for an update on the FAFSA, and two community-building events — trivia with NASFAA U and speed networking — specifically designed to help you connect with your peers. We hope to see you online!

If you love to read and have a talent for thoughtful critique, then NASFAA has an opportunity for you! We're looking for volunteers to write reviews of cutting-edge books on student aid and higher education topics. Reviews will be featured on NASFAA's website and in Today's News. Intrigued? Complete this Request for Information form by Friday, July 19, to learn more.

VIEW NEXT ISSUE

Contact us to submit questions, content or to purchase advertisements.