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The Department of Education (ED) inched closer to implementing regulations for the loan-related provisions of the One Big Beautiful Bill Act (OBBBA) earlier this month with the conclusion of its Reimagining and Improving Student Education (RISE) negotiated rulemaking (neg reg) committee, which reached consensus after two weeks of discussions. While final regulations are still forthcoming, ED addressed several outstanding questions and provided some clarification throughout the rulemaking session.

NASFAA has provided an update to its chart summarizing the 2025-26 Negotiated Rulemaking topics and current statuses, capturing recent activity from the Reimagining and Improving Student Education (RISE) committee and the final rule that came from sessions focused on the Public Service Loan Forgiveness (PSLF) program. For a full recap of these sessions, be sure to check out our coverage of how the RISE committee came to consensus and a summary of the final rule for PSLF. NASFAA will also provide further updates to this chart as the Department of Education (ED) continues the rulemaking process.

As the landscapes of financial aid and higher education continue to evolve, financial aid professionals are increasingly expected to adapt and take on new responsibilities — including roles in university enrollment management. Today’s financial aid administrators must understand the strategic impact their operations have on institutional goals. The Strategic Enrollment Management Pathway at the NASFAA 2026 Leadership & Legislative Conference & Expo is designed to help experienced aid administrators align their work with institutional enrollment strategies through expert guidance and collaborative discussions. Register today to secure your spot before early bird pricing ends Friday, December 19.

Curious about the Certified Financial Aid Administrator^® (CFAA) Program and how it differs from NASFAA’s professional credentials? Join Skylar Back, NASFAA’s Certification and Credentialing Specialist, on December 16 at 2 p.m. ET, for a detailed overview of the program — exploring its value to the financial aid profession and the various pathways to certification. Reserve your seat today!

Due to the complexities of financial aid, the reality is that policies and procedures take a long time to write and require constant updates due to changing legislation, regulation, and guidance. Blue Icon Advisors has helped over 70 schools identify, evaluate, and update their P&Ps, and we're ready to partner with you! Contact Blue Icon today to request P&P assistance today.

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