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PowerFAIDS® To improve processing, packaging, and integration with on campus systems, Virginia University of Lynchburg transitioned to PowerFAIDS. The financial aid team highlighted the system's efficiency and data functionality and praised the PowerFAIDS team as "very thorough and helpful throughout our entire implementation process." Connect with us to see how PowerFAIDS can streamline your aid processes.

The Department of Education (ED) has revised Electronic Announcement (EA) (GENERAL 26-42), updating the list of Classification of Instructional Programs (CIP) codes temporarily eligible for professional degree loan limits by adding degree programs not included in its original June 29 guidance. This revision comes one day after the plaintiffs in the lawsuit filed by nurse practitioner (NP) and physician associate (PA) groups against ED were told that ED was “actively considering updates to the technical guidance.” 

A group of House Republicans on Thursday introduced a 10-bill legislative package to transfer the Department of Education's (ED) responsibilities and appropriations to other federal agencies.

While NASFAA's 60^th Anniversary National Conference was filled with learning, laughter, and unforgettable moments, one highlight of the week was seeing our community come together to support an incredible cause. This year's conference charity partner, First Generation College Bound (FGCB), has spent more than 35 years helping students and families in Prince George's County, Maryland, access higher education.

The Schedule of Reductions (SOR) is always calculated based on the initial maximum eligibility (before borrower choice), not the amount the borrower chooses to accept. According to the U.S. Department of Education's (ED's) June 10, 2026, Loan Limits and Schedule of Reductions for Less-Than-Full-Time Enrollment webinar, for Direct Subsidized Loans and Direct Unsubsidized Loans, when a borrower accepts or requests less than the maximum Direct Loan amount, the institution should calculate the SOR using the borrower’s otherwise eligibility at the annual loan limit for the loan type, grade level, dependency status, and loan period, and not the lower amount the borrower elects to accept. View the full answer to this question to learn more.

Join us for our 2026 Virtual Summit, exclusively for NASFAA members, from July 13 to 16, 2026. Designed to complement the in-person NASFAA 2026 National Conference in National Harbor, MD, the Summit will feature a curated lineup of timely sessions developed by NASFAA members, NASFAA leadership, and NASFAA's Training & Regulatory Assistance and Policy teams. Note: Only one person from your institution/organization needs to register for the Virtual Summit, then everyone on your NASFAA roster can attend!

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