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PowerFAIDS®. Trusted by institutions of every size — including large universities managing thousands of aid applications — PowerFAIDS has welcomed more than 20 new schools in 2026. Why do they choose PowerFAIDS? Our decades-long track record of industry-leading expertise in compliance, support, and functionality. Hear from Southeastern University on why they choose PowerFAIDS or connect with us to schedule a consultation.

This week on "Off the Cuff," David and Maria are joined by Kochie for a special episode to test your financial aid knowledge. First, David and Kochie explain the origin of the NASFAA Quiz Show – which just concluded its sixth season – and detail how the quiz show works. From there, the team reviews some of the game show questions related to the One Big Beautiful Bill Act (OBBBA), as well as answer other AskRegs questions that didn’t make this year’s show.

The Department of Education (ED) on Thursday unveiled a new initiative to help student loan borrowers return to repayment, announcing that borrowers enrolled in auto pay will be eligible for a 1% interest rate reduction on their federal loans beginning July 1.

This AskRegs Knowledgebase Q&A was updated on June 15, 2026, to include more recent details provided by the U.S. Department of Education (ED). It does not represent a change in guidance, however. The U.S. Department of Education's (ED's) Frequently Asked Questions – Loan Limits says this: "ETC-Q7: How do you determine expected time to credential if a student transferred into a program with transfer credits or attended an optional summer quarter? First, establish whether this student qualifies for the interim exception based on whether they were enrolled in a program of study at an institution and have received a Direct Loan for that program." View the full answer to this question to learn more.

NASFAA is proud to announce that more than 1,000 financial aid professionals nationwide have earned the FAAC^® designation through the Certified Financial Aid Administrator^® Program! This certification offers industry-wide recognition of essential financial aid knowledge and competencies, and recertification reinforces ongoing professional development to help FAACs stay current with evolving regulations and expand leadership capacity across the profession. Please join us in celebrating the first 1,000 certified professionals who are elevating their careers and helping establish a national benchmark for excellence in student financial aid administration.

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