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today’s news for Tuesday, July 18, 2023

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NEWS FROM NASFAA

As the Biden administration begins to early implement parts of its new income-driven repayment (IDR) plan, the Saving on Valuable Education (SAVE) repayment plan, analysts at the University Pennsylvania on Monday released a new brief that puts an estimated price tag on the plan: $475 billion over the next decade.

Amid the whirlwind of regulations, the morning commute, and the comforting aroma of morning coffee, a financial aid professional’s routine can sometimes feel like a solitary journey. During the past year, many aid officers have opened the digital doors to NASFAA Communities where they can be transported to a world where connections flourish, conversations spark, and transformative experiences develop.

NASFAA UPDATES AND ANNOUNCEMENTS

Join Blue Icon Advisors on Thursday, July 20, at 12:00 p.m. ET for a reflection on NASFAA’s National Conference and Virtual Conference, with a discussion on what we heard and how we apply that information. The event is free to NASFAA members, but you must register in advance. Let's Talk meets every month and gives practicing financial aid professionals the opportunity to engage with peers, learn from presenters and each other, share information, and discuss best practices. Check the schedule to see more upcoming Let's Talk topics.

We are happy to report that all Self-Evaluation Checklists are updated and available! The checklists are designed to allow schools to audit themselves for the 2022-23 award year. Some checklists which are now live include the COVID-19 National Emergency Checklist, the Return of Title IV Funds Checklist, Cash Management, Student Consumer Information, and Student Eligibility. The Self-Evaluation Checklists module of the Compliance Engine is included with your NASFAA membership. Not sure how to use it? Check out our Self-Evaluation Checklists User Guide. Take advantage of this member benefit today!

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