OTC AskRegs Experts: A Blizzard of New Regulations, FAFSA Simplification Guidance, and a Quick Debrief on Midterm Elections
This week on "Off the Cuff," Justin, Jill, and David discuss the latest news coming out of the Department of Education (ED) with updates on how the department will implement provisions from the FAFSA Simplification Act for the 2023-24 award year and a flurry of final rules that were recently released. Jill dives into how those final rules – borrower defense to repayment, interest capitalization, Public Service Loan Forgiveness (PSLF), total and permanent disability discharge, closed school discharge, and false certification – differ from the proposed rules issued in July. David covers updates to the FAFSA simplification rollout and details how financial aid offices will be impacted by changes to cost of attendance, professional judgment, provisional independent student status, and Pell Grant Lifetime Eligibility Used (LEU) restoration on their campuses. Hugh then shares some recent higher education news, including updates on the most recent results of the midterm elections and where things stand on President Joe Biden’s student loan debt cancellation plan.
Speakers
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| Justin Draeger President and CEO |
Jill Desjean Senior Policy Analyst |
David Tolman Instructional Design & Content Specialist |
Hugh Ferguson Senior Reporter / Podcast Producer |
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Resources
- Listen on Apple Podcasts or Spotify
- Episode Transcript (PDF)
- (GEN-22-15) FAFSA® Simplification Act Changes for Implementation in 2023-24
- Section 472 of the Higher Education Act of 1965 (HEA), as amended, [20 USC 1087LL]
- FSA Issues Guidance on 2023-24 Implementation Items from FAFSA Simplification Act
- ED Drafting Guidance on Implementation of FAFSA Simplification Items for 2023-24
- NASFAA’s FAFSA Simplification website
- ED Issues Final Rules on Borrower Defense, Closed School Discharges, Total and Permanent Disability Discharges, Interest Capitalization, False Certification, and Public Service Loan Forgiveness
- How the Midterms Could Shift Congress’ Higher Ed Leadership
- Blocked by Injunction, Biden Said He’s Ready to Approve 16 Million Student Loan Cancellation Applications
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Publication Date: 11/9/2022