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today’s news for Monday, November 18, 2024

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NEWS FROM NASFAA

The House of Representatives on Friday morning passed the FAFSA Deadline Act, a bipartisan bill that would make October 1 the official launch date for the FAFSA each year.

The Department of Education (ED) on Friday published an Interim Final Rule (IFR) to reopen the applications for and allow borrowers to enroll in the Income-Contingent Repayment (ICR) and Pay As You Earn (PAYE) repayment plans, effective December 15, 2024, through July 1, 2027.

Today’s News recently spoke with NASFAA's new 2024-26 Diversity Officer Dr. Sharon Oliver, FAAC®, the associate vice chancellor for enrollment management at North Carolina Central University, about her experiences and what she believes are the biggest struggles facing financial aid administrators from minority backgrounds today.

NASFAA UPDATES AND ANNOUNCEMENTS

Yes. According to guidance NASFAA has received from the U.S. Department of Education (ED), Comment Code 288 requires resolution for 2024-25 and 2025-26. Comment Code 288 indicates that a case already exists related to that student's Title IV aid eligibility as a citizen or eligible noncitizen. View the full answer to this question to learn more.

As aid administrators prepare for a new aid year, schools must remain diligent in their commitment to remain in compliance. Join Blue Icon Advisors, NASFAA Consulting and two peer reviewers for this webinar now available on demand as we delve into the top findings from recent SOE reviews and how schools can minimize their risks in those areas.

U.S. DEPARTMENT OF EDUCATION

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