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This week on "Off the Cuff," Hugh is joined by David Tolman, David Futrell, and Norma to discuss more details concerning the implementation of the One Big Beautiful Bill Act (OBBBA). During the conversation, NASFAA’s Training and Regulatory Assistance team focuses on issues related to Schedule of Reductions (SOR) and outstanding questions that remain unanswered, even though final regulations were recently published.

The Department of Education (ED) released a FAQ document on Thursday, addressing the new loan limits established under the One Big Beautiful Bill Act (OBBBA), which take effect July 1, 2026. The document covers six topic areas: eligibility for the interim exception to the post-July 1 loan limits; calculation of the expected time to credential (ETTC); general loan limit mechanics; graduate and professional student loan limits; Parent PLUS loan limits; and the new $257,500 lifetime maximum aggregate loan limit. Notably, the FAQ does not contain any questions about loan adjustments for less-than-full-time enrollment and the schedule of reductions formula. 

The NASFAA website will be unavailable starting at 3:00 p.m. ET on Thursday, May 28, for scheduled maintenance. The outage is expected to last a few hours, and the site will be fully restored when complete. This maintenance window will also impact other NASFAA entities, including AskRegs, the Compliance Engine, and Testing Center. Thank you for your patience while NASFAA works to maintain our online resources.

Congratulations to the latest group of financial aid professionals who have earned the FAAC^® designation! They join an exclusive community of certified professionals recognized for their dedication to the field of financial aid. Want to see if any of your colleagues are among the newly certified? Visit the Registry to celebrate their achievement! Certified by the Certified Financial Aid Administrator Commission, these professionals now enjoy access to valuable benefits and opportunities.

Please join us in congratulating Beckie Keenan, FAAC^®, on her promotion. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.

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