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today’s news for Monday, June 1, 2026

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ELM Resources. Welcome to the next generation of ELMOne. Six-digit certification is just one of the new ELM features available to help your financial aid office simplify processing, improve operational efficiency, and prepare for evolving borrower needs as OBBB takes effect. Stop by our booth at NASFAA 2026 or contact us today to learn what's next.

NEWS FROM NASFAA

The Department of Education (ED) issued an electronic announcement on Friday with several best practices institutions should consider to prevent fraud in federal student assistance programs. 

Last month, NASFAA hosted members for a virtual Advocacy Pipeline with congressional staff from Mississippi and Maryland. Jaime Missimer from Pearl River Community College and Andrea Cipolla from the University of Maryland, Baltimore County met with Reps. Mike Ezell (R-Miss.) and Kweisi Mfume (D-Md.), as well as Sens. Roger Wicker (R-Miss.) and Angela Alsobrooks (D-Md.).

NASFAA UPDATES AND ANNOUNCEMENTS

Yes. Under longstanding guidance in Volume 9, Chapter 8 of the FSA Handbook, “[a] student’s LEU changes whenever they receive a Pell Grant disbursement and may change any time a student’s Scheduled Award is adjusted (up or down).” In these situations, an institution is expected to adjust a student’s Scheduled Award to zero, and this would result in a reduction to the student’s Lifetime Eligibility Used (LEU). View the full answer to this question to learn more.

Get the recognition you deserve by earning the FAAC® designation. Approved candidates may purchase the Certified Financial Aid Administrator® Knowledge Exam and schedule their session during the current or upcoming testing windows. Planning to certify before the 2026 National Conference? Now is the perfect time to apply online and take your exam so that we can celebrate your certification together in National Harbor! Learn more about the testing process, make sure you meet all of the technical requirements, and utilize candidate resources to prepare for the exam.

U.S. DEPARTMENT OF EDUCATION

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