"A bipartisan group of senators are putting pressure on the Education Department to push back the reporting deadline for the agency’s new financial disclosure rules. Sens. Tim Kaine (D-Va.) and Roger Marshall (R-Kan.) and 18 other senators asking the department to delay the Oct. 1 reporting deadline under its new gainful employment rules," POLITICO reports.

... "The senators are asking the department to move the deadline to July 2025, an effort that comes after colleges pressed lawmakers and the agency for an extension when the rule went into effect in July. At the time, the department said it wasn’t considering extending the deadline."

... "NASFAA, a group representing financial aid administrators, echoed the concerns lawmakers have about the ability of colleges to meet the deadline."

"'The Department’s refusal to delay this reporting deadline will place even more strain on financial aid offices that are still grappling with the failures of the 2024-25 FAFSA rollout,' NASFAA interim President Beth Maglione said in a statement, adding: 'A delay would give institutions more time to complete the reporting and provide students and families with the most accurate information.'"

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: 9/11/2024