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today’s news for Monday, August 3, 2026

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NEWS FROM NASFAA

Several members of the Trump administration, including Education Secretary Linda McMahon, sent a letter to Congressional leadership calling on them to support the administration’s efforts to dismantle the Department of Education (ED) through interagency agreements (IAAs).

“Leading From Anywhere: The Essential Guide to Managing Remote Teams,” David Burkus, delivers a detailed overview of the life cycle of developing and leading a remote team. Burkus, an experienced researcher and bestselling author of books on teamwork and leadership, addresses concerns like interviewing and onboarding, communication, networking, performance management, running virtual meetings, change management, and transitioning to another team or company. In the following book review, Brynn Juranek, director of financial aid processing and awarding at Rasmussen University, shares her opinions of its contents. What follows are her takeaways, thoughts, and reflections.

NASFAA UPDATES AND ANNOUNCEMENTS

No. The U.S. Department of Education (ED) clarified during its June 8, 2026, One Big Beautiful Bill Act (OBBBA or Working Families Tax Cuts Act) Virtual Office Hours webinar, that effective July 1, 2026, the parent PLUS annual loan limit is $20,000 for a student who does not meet the interim exception criteria in 34 CFR 685.203(f)(2)(ii). If the student is only enrolled, or has requested a loan, for a single semester or trimester, then the parent may only receive the PLUS for half of the annual loan limit—$10,000 ($20,000/2 = $10,000), assuming all other eligibility criteria are met. View the full answer to this question to learn more.

Get the recognition you deserve by earning the FAAC® designation. If your application has already been approved, purchase the Certified Financial Aid Administrator® Knowledge Exam. Schedule your session online until the 21st of this month, or any of the upcoming testing windows. If you haven’t applied yet, take advantage of the waived application fee and complete your application online right away. Learn more about the testing process and make sure you meet all of the technical requirements. Utilize candidate resources to review for the exam.

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