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today’s news for Thursday, September 12, 2024

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NEWS FROM NASFAA

The Department of Education (ED) on Wednesday released more details on the ‘beta’ testing periods for the 2025-26 FAFSA, including an interest form, which is part of the department’s initial plan of a “phased rollout” for the 2025-26 form that will be made available to all students by December 1.

Over 50 members of Congress on Tuesday sent a letter to the Department of Education (ED), urging the department to “immediately review” its contract with the Higher Education Loan Authority of the State of Missouri (MOHELA), claiming that the servicer mishandled its student loan servicing responsibilities. 

NASFAA UPDATES AND ANNOUNCEMENTS

Happy new (award) year! October 1 is just around the corner, which means a new award year begins. Schools need to update their financial aid policies and procedures to reflect new rules and processes. Have you updated your P&Ps yet? If not, Blue Icon can help. We can evaluate the current state of your P&Ps and help you write new ones specific to your institution. Contact Blue Icon for more information today!

Are you up to date on the latest updates on Ability to Benefit (ATB)? Unsure which U.S. noncitizen categories are eligible for Title IV aid and the documentation requirements? Need clarity on resolving issues related to loan limits and overborrowing? Join NASFAA’s Norma Robinson, on September 18 at 2 p.m. ET, who will address these questions and more, focusing on the intricacies of student eligibility. Reserve your seat today.

Join us on Friday, September 20 at 12 p.m. ET, where we will be speaking with Chad Olson, FAAC®. Chad is the Director of Student Financial Aid at Iowa State University. Chad began his financial aid adventure as a graduate assistant at Iowa State over 20 years ago. He has served as MASFAA (Midwest) and IASFAA (Iowa) President. Chad also recently co-presented “Decoding Financial Aid Offers: Insights from the College Cost Transparency Initiative” at NASFAA 2024. Be a part of the conversation on LinkedIn.

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