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today’s news for Tuesday, April 21, 2026

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NEWS FROM NASFAA

The Department of Education (ED) on Monday revised its previous guidance, now stating that Graduate PLUS loans will be included in the new $257,500 lifetime borrowing limit established through the One Big Beautiful Bill Act (OBBBA), NASFAA has learned. The new limit will apply as of July 1, 2026, to all borrowers except those who qualify for the limited exception to the new loan limits.

On Monday, the Department of Education (ED) released its Notice of Proposed Rulemaking (NPRM) with proposed regulations on the new Student Tuition and Transparency System and Earnings Accountability (STATS) framework.

Lawmakers on Thursday reintroduced a series of bills aimed at providing relief and a “clean slate” by removing default records from the credit history of borrowers who have acted to rectify their defaulted federal student loans.

NASFAA UPDATES AND ANNOUNCEMENTS

This AskRegs Knowledgebase Q&A was updated on April 20, 2026, to include guidance NASFAA received from the U.S. Department of Education (ED)—guidance that ED has changed since the FSA Training Conference. Yes. The proposed regulatory text in 34 CFR 685.203(j)(2) sets an effective date of July 1, 2026, for the lifetime maximum loan limit provision. According to ED, because the lifetime maximum limit is cumulative, loan amounts borrowed prior to July 1, 2026, will apply to the new lifetime limit. View the full answer to this question to learn more.

Looking to connect with fellow attendees before the conference? We are offering a new community experience dedicated to the NASFAA 2026 National Conference for connecting, sharing, and networking. You can use the channel to find someone to share a ride to and from the airport, participate in the Charity 5K together, ask questions to the organizers, and meet fellow financial aid professionals before arriving in National Harbor. Join the NASFAA 2026 Community today.

Are you watching session recordings from the 2026 FSA Training Conference (FSATC)? This free event is a great opportunity for FAACs to earn up to 10 recertification points (RPs) while keeping up to date on changes to regulatory requirements. Points are approved at 1 RP per recorded session. Simply save screenshots of your progress and submit your viewed sessions via Certification Dashboard under the "FSA Training Conference" category. Need help creating a recertification strategy? Feel free to contact us. Not certified yet? Explore your eligibility using our free interactive tool and apply online today.

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