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A group of House Republicans on Thursday unveiled a new piece of legislation and proposed their alternative framework to President Joe Biden’s efforts to overhaul the student loan portfolio.

NASFAA is pleased to release version 6.0 of its Student Aid Index (SAI) Modeling Tool. The updated version corrects several issues, including total income calculation for applicants and parents with tax completion status of “will file,” calculation of payroll tax allowances across dependency statuses, and employment allowance calculation. NASFAA recommends institutions re-run their student data in the latest version to have the most accurate estimates of Pell Grant eligibility and SAI.

Yes, unless the school already knows the student's housing status at the time of packaging. The school can assume housing status when packaging students, but if the school doesn't actively collect it up front, the school has to inform the student and give them the opportunity to change or correct it. View the full answer to this question to learn more.

With the U.S. Supreme Court slated to release its opinion on race-conscious college admissions this month, NASFAA is hosting a webinar on this decision and its impact to financial aid offices on Wednesday, July 19, at 3:00 p.m. ET. Attendees will gain clarity on the implications for institutional enrollment policy and practice — including recommended strategies and action steps to consider. The webinar is free to members. Register today and secure your seat!

It's hard to keep up in the rapidly changing world of financial aid — follow NASFAA on social media to make sure you don't miss any updates. We're active on Facebook, Twitter, LinkedIn, and Instagram, and love connecting with members, so be sure to let us know what's happening on your campuses and in your financial aid offices. You can also join the conversation during the NASFAA 2023 National Conference in San Diego by sharing your questions, thoughts, and photos from the event using #NASFAA2023. See you online!

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