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President Donald Trump on Friday released a fiscal year (FY) 2026 budget proposal, which outlines massive funding cuts to the Department of Education (ED), including the Federal Work-Study (FWS) program, and completely eliminates the Federal Supplemental Educational Opportunity Grant (FSEOG) program.

Last week, the House Committee on Education & Workforce released and advanced its portion of a reconciliation bill, which proposes several extensive changes to Department of Education (ED) programs and initiatives. This article – the first in a three-part series of deep dives examining the specifics of the proposal – focuses on changes to the Pell Grant program, and introduces a new campus-based Promise Grant program.

Scenario: The U.S. Department of Education (ED) is working through a backlog of paper FAFSAs that have been returned to students because of errors or missing information, and/or paper FAFSAs that have been lost or misplaced. The FAFSA will not show as processed with an official Student Aid Index (SAI) until the errors are resolved and missing information is received by the FAFSA Processing System (FPS). View the full answer to this question to learn more.

Registration for the 2025 cohort of NASFAA’s Executive Leadership Collective (ELC) opens this afternoon. This exclusive program offers seasoned financial aid leaders the opportunity to engage in high-level discussions with key stakeholders from Congress, federal agencies, and the higher education community. NASFAA’s ELC aims to build a community of experienced leaders dedicated to championing the financial aid profession while navigating the intersection of ethics, institutional stability, and advocacy. Don't miss this unique chance to collaborate with thought leaders in the field and help shape the future of financial aid. Learn more about the experience and requirements to participate. 

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