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today’s news for Tuesday, April 22, 2025

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Inceptia. What's your student loan delinquency rate? While a low CDR may seem reassuring, with 43% of borrowers not making payments, your delinquency rate could reveal a different reality – one that directly impacts your institution's financial aid future. Stay ahead and take action. Access the Free Delinquency Tracking Tool to monitor your rate today.

NEWS FROM NASFAA

The Department of Education (ED) on Monday announced that it will resume the collections process for defaulted federal student loans on Monday, May 5, after a five-year pause due to the Covid-19 pandemic.

In response to a system outage, the Department of Education (ED) plans to extend the deadline for the 2025–26 FWS Community Service Waiver Request, which was originally slated to expire at 11:59 p.m. Eastern time (ET) on Monday, April 21, 2025. The extension is expected to be for at least one additional day, but more details will be provided once ED determines how long the application needs to remain reopened. Stay tuned to Today’s News and check FSA’s electronic announcement page for the latest details concerning the extension of this deadline.

NASFAA UPDATES AND ANNOUNCEMENTS

Preparing to attend the NASFAA 2025 National Conference? Join our live Q&A, today at 2 p.m. ET, to get all the essential details. We'll cover session highlights, networking opportunities, featured events, the Charity 5K, and tips for first-timers. Get all the information you need to make your conference a success. Reserve your seat today.

If you're new to the financial aid profession, or your office has new staff members unfamiliar with NASFAA's tools and resources, check out our New Financial Aid Administrator Toolkit to learn more about self-study guides, live and on-demand webinars, and our Student Aid Reference Desk, which serves as a central hub of all the essential financial aid resources you need. NASFAA has a handful of other resources that can help support your training efforts, including online courses that allow you to interact with colleagues seeking the same training.

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