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today’s news for Tuesday, July 21, 2026

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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.

NEWS FROM NASFAA

The Department of Education (ED) published an electronic announcement on Friday that provides a list of frequently asked questions related to the real-time FAFSA fraud detection process. The FAQ covers five topic areas: Identity Confirmation Methods and Standards; Fraud Comment Codes, Rejects, and V4/5; FAA Fraud Override and Inter‑School Coordination; Special Populations and Scenarios; and Compliance, OIG Reporting, and Prior‑Year Aid.

NASFAA UPDATES AND ANNOUNCEMENTS

As institutions continue implementing the One Big Beautiful Bill Act (OB3), financial aid professionals are navigating new questions, challenges, and opportunities, but you don't have to do it alone. Join NASFAA's new OB3 Community Channel, where members can connect with peers, ask questions, exchange ideas, and share implementation strategies. Whether you're looking for practical approaches, discussing emerging questions, or learning how colleagues are navigating changes at their institutions, this community is designed to foster collaboration and peer-to-peer learning. Join NASFAA Communities today.

Each year, NASFAA presents awards to deserving members of the financial aid profession and higher education community. Let's take a moment to congratulate the winners of the 2026 Regional Leadership Awards, which are presented to individuals, who need not be financial aid administrators, who have made outstanding contributions to the financial aid profession at the regional and state levels over a sustained period of time. Congratulations to Shawn Morrissey (EASFAA ), Keri Gilbert, FAAC® (MASFAA), James Broscheit (RMASFAA), William “Bill” Spiers, FAAC® (SASFAA), Audra Main, FAAC® (SWASFAA), and Dewayne Barnes (WASFAA). Take a look back at past recipients of the Regional Leadership Award, and see all of the 2026 award recipients.

U.S. DEPARTMENT OF EDUCATION

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