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today’s news for Tuesday, October 20, 2026

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Granite Edvance. Granite Edvance is a New Hampshire-based nonprofit organization dedicated to helping students and families plan and pay for education. Both Granite Edvance and EdvestinU offer private undergraduate and graduate student loans, parent loans, and refinance loan options, serving New Hampshire residents and borrowers nationwide, respectively.

NEWS FROM NASFAA

The majority of institutions have had to allocate more staffing hours than the Department of Education’s (ED) estimate to complete the new Admissions and Consumer Transparency Supplement (ACTS) reporting requirements, says a new report from the Urban Institute detailing how a quarter of colleges’ collection efforts have required 400 hours or more, double the department’s projected estimate.

NASFAA UPDATES AND ANNOUNCEMENTS

Artificial intelligence (AI) is rapidly changing the way higher education operates, and financial aid offices are no exception. This webinar from Blue Icon Advisors, on October 27 at 2 p.m. ET, explores practical, real-world applications of AI that can help financial aid professionals streamline routine tasks, improve communication with students and families, and increase operational efficiency while maintaining accuracy and compliance. Reserve your seat today!

To join in celebrating 60 years of NASFAA, take a stab at NASFAA History Trivia! If you get all of the questions correct, you'll be placed in a drawing where three randomly selected winners will win a pizza party for their financial aid team. Answers to the trivia questions and winners will be announced later this week.

U.S. DEPARTMENT OF EDUCATION

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