"The National Association of Student Financial Aid Administrators (NASFAA) is calling on Congress to take legislative action and require the Education Department to give colleges until July 2025 to comply with the reporting requirements in the new gainful employment and financial value transparency rule," Inside Higher Ed reports.

..."While NASFAA appreciated the two-month extension, the association said in a letter to Congress this week that the department didn’t go far enough and has yet to provide all the information that colleges need to comply with the reporting requirements. Financial aid administrators want a one-year extension. The request, NASFAA president Justin Draeger argued, wouldn’t affect the department’s plan to start holding institutions accountable for their outcomes under the rule starting July 1, 2026."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 6/12/2024