OTC Inside The Beltway: Making Sense of The SAI Formula Update and Latest Federal Budget Negotiations
This week on "Off The Cuff," Allie and Karen are joined by Jon Fansmith, the American Council on Education's senior vice president of government relations and national engagement, to discuss an update to the Student Aid Index (SAI) formula from the Department of Education (ED), which allows the Student's Contribution from Income (SCI) to have a negative calculated value with no floor. However, the team also discusses how a continuing resolution (CR) passed by Congress would rescind that update. The team also walks through the latest updates around the Bipartisan Workforce Pell Act and the release of 100 system-generated test Institutional Student Information Records (ISIRs).
Speakers
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| Allie Arcese Director of Communications |
Karen McCarthy Vice President, NASFAA |
Maria Carrasco Reporter |
Jonathan Fansmith Senior Vice President, ACE |
This episode is brought to you by NASFAA's Emergency Corps of Financial Aid Professionals.
NASFAA, with its partner Blue Icon Advisors, is working closely with the Department of Education to help severely under-resourced institutions get ready to receive and review ISIRs in March. We need experienced financial aid professionals to serve as an emergency corps of consultants for remote assignments. If you are interested in learning more about this unique, paid opportunity, please read more and complete the online interest form today.
Resources
- Listen on Apple Podcasts or Spotify
- Episode Transcript (PDF)
- ED Announces Update to SAI Formula, Release of 100 Additional Test ISIRs
- Short-Term Funding Bill Would Rescind SAI Formula Change
- House Passes Stopgap Bill to Head Off Shutdown, With Key Issues Unresolved
- House Unveils Bipartisan Short-Term Pell Grant Legislation
- House Education Committee Advances Bipartisan Short-Term Pell Grant Legislation
- Letter to the House on the Bipartisan Workforce Pell Act
Send your thoughts, questions, and comments. We'd love to hear what you think.
Publication Date: 3/1/2024