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today’s news for Tuesday, December 17, 2024

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Inceptia. Zero CDRs are likely to change with over 30% of borrowers not, nor intending to, pay their loans. While low CDRs may look like positive financial health, checking your delinquency rate is a proactive practice to determine your next steps. Access the Delinquency Tracking Tool here.

NEWS FROM NASFAA

On Monday NASFAA submitted comments to the Department of Education (ED) on its plans to resurrect the Income-Contingent Repayment (ICR) and Pay as You Earn (PAYE) student loan repayment plans. These plans were sunsetted upon full implementation of the Saving on a Valuable Education (SAVE) plan, but with that plan held up in the courts ED opted to make those plans available to borrowers once again to maintain its compliance with the law which requires ED to offer at least one ICR plan.

NASFAA’s webinar series had a significantly positive impact for attendees and covered topics related to FAFSA simplification, verification, timely updates from the policy team, and much more. NASFAA’s webinars consisted of at least monthly online events, and were meticulously designed to engage, educate, and inspire our audience. Interactivity was a key feature, with live Q&A sessions and polls enhancing participant engagement.

NASFAA, along with dozens of other higher education organizations, signed onto a letter calling on the Department of Education (ED) to extend the gainful employment (GE) and financial value transparency (FVT) institutional reporting deadline to July 2025. The letter highlights a survey conducted by the American Council on Education (ACE) of college and university presidents, which found that 87% of the 355 respondents shared their support for a delay in the reporting deadline to July 2025. Additionally, 73% of respondents expressed the need for additional resources to comply with ED’s regulations, and 37% expressed significant need. The full results of ACE’s survey can be found in the letter.

NASFAA UPDATES AND ANNOUNCEMENTS

Don't miss your chance to join us on February 9-12 in Washington, D.C., for our 2025 Leadership & Legislative Conference & Expo. NASFAA Members are encouraged to view the full conference agenda, and register by December 20 to save $100 with early bird registration.

Blue Icon Advisors invites you to join a new intensive six-week group coaching experience focused exclusively on financial aid policies and procedures — P&P Group Coaching. These meetings will help you learn new strategies, develop a plan to build required policies and procedures, receive practical advice from experienced financial aid leaders, and more! Learn more about how group coaching can benefit you and your career goals. The session begins on Monday, January 24 — be sure to register by January 17 to secure your spot.

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NASFAA TRAINING

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