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today’s news for Wednesday, January 21, 2026

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NEWS FROM NASFAA

With just over a week until funding for the Department of Education’s (ED) programs is set to expire, the Senate Appropriations Committee on Tuesday unveiled bicameral legislation to fund ED and other federal agencies through the remainder of the 2026 fiscal year (FY), which ends September 30.

To help clarify a provision included in the One Big Beautiful Bill Act (OBBBA), NASFAA developed a flowchart outlining the process for determining whether a student is eligible to receive a Federal Pell Grant when their total non-federal grants and scholarships equal or exceed the student’s cost of attendance (COA). The flowchart guides institutions through assessing aid, making allowable adjustments, and determining when a student remains eligible for Pell or becomes ineligible under statute.

NASFAA UPDATES AND ANNOUNCEMENTS

Whether you’re brand new to Direct PLUS Loans, need a refresher, or are curious about how the One Big Beautiful Bill Act will impact Direct PLUS Loan processing on your campus, this webinar will help you make sense of it all by answering some of the top PLUS Loan questions we’ve received at AskRegs. Join Jennifer Philen, NASFAA regulatory specialist, and Lissa Powell, NASFAA training content and presentation specialist, today at 2 p.m. ET, for a review of some of the most frequently asked AskRegs questions related to Direct PLUS Loans.

Blue Icon Advisors' upcoming Let's Talk session, on January 22, will talk about training staff and keeping team members up to date on regulations. Check the schedule for additional upcoming topics and be sure to register.

Managing financial aid effectively requires systems that institutions can rely on for accuracy, compliance, and long-term support. PowerFAIDS has become a trusted solution for schools of all sizes because of its proven functionality and commitment to regulatory standards. In this upcoming webinar, on February 24 at 2 p.m. ET, we’ll explore why institutions continue to rely on PowerFAIDS and how the system supports financial aid teams in delivering consistent, compliant service to students. Reserve your seat today!

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