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today’s news for Wednesday, April 17, 2024

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NEWS FROM NASFAA

The Department of Education (ED) on Wednesday published its first set of draft rules to provide targeted student debt relief to borrowers, just 10 months after the U.S. Supreme Court struck down the Biden administration’s initial student debt relief plan to cancel up to $20,000 of student debt for a wide swath of borrowers. 

Federal Student Aid (FSA) provided stakeholders with an updated resource to help students and contributors make corrections to their 2024-25 FAFSA form. According to FSA, the scenarios outlined in the resource should address the most common types of FAFSA corrections. FSA also noted that it has successfully processed 100,000 corrections as of April 16, and will begin to follow up with students if they need to make corrections in order to successfully submit their FAFSA.

In its latest electronic announcement the Department of Education (ED) provided details on codes that will appear on reprocessed ISIRs and its email campaign to contact applicants with rejected or incomplete 2024-25 FAFSAs.

NASFAA UPDATES AND ANNOUNCEMENTS

Attention Primary Contacts: Check Your Inbox for Your Dues Renewal Invoice

Last week, all primary contacts should have received a NASFAA membership dues renewal invoice via email. If you are NASFAA's primary contact for your institution/organization and you did not receive your invoice, please contact Membership Services or call (202) 785-0453 Ext.1 or download your invoice from our website. Thank you for supporting NASFAA; your membership dues make up roughly 60% of our annual revenues, which makes it possible for NASFAA to press on in its advocacy and research efforts, meet your training needs, and support your office functions.

The NASFAA Quiz Show has been renewed and is all set for season four! Get ready, because as a NASFAA member, you might be called on to serve as a contestant. The webinar, today at 2 p.m. ET, brings to life some of those very thought-provoking and sometimes mind-blowing AskRegs questions in a manner that is considered "edu-tainment." Register now to reserve your seat.

All of NASFAA’s professional credential tests not already updated for 2024-25 will be offline April 24 - 30, 2024 for maintenance. View the NASFAA Testing Center for the schedule of updates. If you will be taking any credential test or the CFAA Program Knowledge Exam on or after May 1, 2024, even if you purchase the test or exam prior to that date, be prepared to answer questions based on 2024-25 regulations. If you have any questions, contact [email protected]

U.S. DEPARTMENT OF EDUCATION

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