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TODAY'S NEWS

today’s news for Friday, June 5, 2026

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NEWS FROM NASFAA

This week on "Off the Cuff," Jill, Sarah, and Maria discuss questions regarding 2026-27 reprocessed ISIRs, and best practices for institutions to prevent student aid fraud. Jill starts by noting that reprocessed ISIRs recently started arriving in financial aid offices with comment code 352 and a corresponding C-Flag and explains what that means. Jill goes on to detail what NASFAA knows so far about this issue, including which ISIRs are affected.

The House Appropriations Committee on Thursday released its budget proposal for fiscal year (FY) 2027, which would cut funding for the Federal Work-Study (FWS) and Federal Supplemental Educational Opportunity Grant (FSEOG) programs, increase the maximum Pell Grant award by $50, and eliminate funding for subsidized federal student loans, which are only available for undergraduate students.

NASFAA UPDATES AND ANNOUNCEMENTS

As we approach the end of the academic year, we are collecting the names of financial aid colleagues and higher education industry VIPs who passed away in the last year (since July 2025). If you know of someone who should be recognized on this list, please submit an update by Friday, June 19.

During June, current and future candidates may reserve a 1-on-1 Strategy Session with a Certification Team member. These sessions are designed to help you develop a plan tailored to your needs, explore potential exam preparation strategies, and build confidence as you approach exam day. Strategy Sessions are available on a first-come, first-served basis, so don’t miss your chance to take advantage of this exclusive opportunity. Reserve your Strategy Session today! 

Please join us in congratulating Jill Gable, FAAC®, and Katrina Kelly on their new jobs. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.

U.S. DEPARTMENT OF EDUCATION

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