OTC AskRegs Experts: Diving Into Schedule of Reductions (SOR)
This week on "Off the Cuff," Hugh is joined by David Tolman, David Futrell, and Norma to discuss more details concerning the implementation of the One Big Beautiful Bill Act (OBBBA). During the conversation, NASFAA’s Training and Regulatory Assistance team focuses on issues related to Schedule of Reductions (SOR) and outstanding questions that remain unanswered, even though final regulations were recently published. Norma goes on to provide an overview of SOR and explains how the term mandates that a student’s Direct Loan eligibility be reduced when they are enrolled on a less-than-full-time basis. The team goes on to detail SOR concepts that financial aid administrators generally understand, and reviews areas of confusion.
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| Hugh Ferguson Managing Editor |
David Tolman Instructional Design & Content Specialist |
David Futrell Director of Institutional Compliance |
Norma Robinson Compliance Generalist and NASFAA U Instructor |
This episode of Off The Cuff is brought to you by the NASFAA 2026 Virtual Summit.
The NASFAA 2026 Virtual Summit, exclusive to NASFAA members, will take place July 13-16. We have streamlined the programming to bring you the most up-to-date and important information on student financial aid. For a one-time registration fee of only $350, everyone on your NASFAA roster can participate in this cost-effective, online learning opportunity - either live or on-demand. NASFAA Members: learn more and register today at nasfaa.org/virtual.
Resources
- Listen on Apple Podcasts, Spotify, or YouTube
- Episode Transcript (PDF)
- One Big Beautiful Bill Act Web Center
- Top AskRegs Questions: One Big Beautiful Bill Act - Extended Edition – Webinar Information and Registration Page
Send your thoughts, questions, and comments. We'd love to hear what you think.
Publication Date: 5/22/2026
