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today’s news for Monday, August 28, 2023

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NEWS FROM NASFAA

An increasing number of students now face unmet need in higher education according to a new analysis out this month from the Institute of Higher Education Policy (IHEP), which also detailed concerningly stark financial disparities between student populations.

NASFAA UPDATES AND ANNOUNCEMENTS

No. Effective with the 2024-25 award year, as part of the FAFSA Simplification Act, the Special Rule for Pell Grants replaces the Iraq and Afghanistan Service Grant (IASG) and the Children of Fallen Heroes (CFH) Scholarship with new or modified eligibility criteria for a student who is less than 33 years old as of the first January 1 of the FAFSA award year. View the full answer to this question to learn more.

This five-week interactive online course, beginning on October 2 at 4:00 p.m. ET, provides an overview of the return of Title IV funds (R2T4) regulations. Course participants will learn what happens to Title IV funds when a student withdraws before completing the period of enrollment, withdrawal from programs offered in modules, and how to apply the R2T4 formula in order to calculate the amount the school must return to the Title IV programs, or the amounts the student could receive as post-withdrawal disbursement. Register now and reserve your seat today!

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