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today’s news for Tuesday, October 31, 2023

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NEWS FROM NASFAA

The Department of Education (ED) on Monday outlined options for student debt relief in draft regulatory text that detailed proposals for four different subsets of borrowers.

A school has a student participating in study abroad for course credit during its winter intersession in January. There is a consortium agreement in place. The study abroad program requires the student to pay the cost in full prior to the start of the program on January 1st.  The payment schedule requires a deposit in October and full remaining balance due in December.  Can the school disburse the Parent PLUS loan according to the payment schedule? Think you know the answer? Read on to see if you got it right!

NASFAA UPDATES AND ANNOUNCEMENTS

What makes a strong candidate for NASFAA National Chair? We are seeking someone who works full-time at a NASFAA member institution, has demonstrated leadership at the state or regional level, has experience with facilitating meetings and public speaking, and is committed to upholding NASFAA’s code of ethics. If you — or anyone you know — fits the bill, please nominate yourself or a qualified colleague for the role of NASFAA National Chair by Tuesday, October 31 at 5:00 p.m. ET. Nominations are also being accepted for representatives-at-large.

Have you ever encountered a student situation that left you puzzled? You are not alone and chances are your colleagues are asking the same questions! Join NASFAA staff on Wednesday, November 15 at 2:00 p.m. ET as they explore a variety of student eligibility-related topics and answer the top inquiries NASFAA members have posed to AskRegs. Register today to secure your seat!

Blue Icon Advisors, NASFAA Consulting, is looking for financial aid professionals at all levels to join its team of independent consultants. Currently Blue Icon is looking for peer reviewers for the Standards of Excellence (SOE) Review Program, interim leaders who can travel and/or work full-time, and interim staffing (remote or on-site). Take the next step in your career and apply today.

U.S. DEPARTMENT OF EDUCATION

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