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today’s news for Friday, April 19, 2024

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NEWS FROM NASFAA

This week on "Off The Cuff," Justin and Karen are joined by Jon Fansmith, the American Council on Education's senior vice president of government relations and national engagement, to discuss the latest FAFSA updates of the past week, including news on the Department of Education's reprocessing of affected Institutional Student Information Records (ISIRs). From there, Karen walks through the results of this week's NASFAA poll which asked members about their institutions' plans to send financial aid offers to students.

On Monday NASFAA posted an anonymous Quick Scan Survey asking members when your institution plans to send financial aid offers to students. Out of the 890 responses submitted, 34% of members indicated that their institutions have sent out aid offers for some or all of their students, while 54% have not begun to package aid. Respondents indicated that the largest factor of uncertainty for their office, 46% of respondents, is that they are waiting for more information from the Department of Education, while 27% are sorting through internal discussions. Read the full poll results, broken out by institutional sector, for additional insights and stay tuned for follow up Quick Scan Surveys.

NASFAA UPDATES AND ANNOUNCEMENTS

This AskRegs Knowledgebase Q&A was updated on April 18, 2024 to reflect new guidance published by the U.S. Department of Education (ED) in the April 1, 2024 Electronic Announcement (GENERAL-24-29) and edits to the Application and Verification Guide (AVG) volume of the FSA Handbook as noted in April 17, 2024 Electronic Announcement (GENERAL-24-44) which changed previous guidance regarding amended tax return data transferred to the FAFSA via the FUTURE Act Direct Data Exchange (FA-DDX). No. Federal tax information (FTI) from an amended tax return will not be transferred to the FAFSA via the FUTURE Act Direct Data Exchange (FA-DDX). View the full answer to this question to learn more.

On April 26 at 12 p.m. ET, Tiffany Gibbs, director of online compliance products at NASFAA, will sit down with us to share her voice. Tiffany has been in the profession since 2005, and she started with NASFAA in 2011 where she manages NASFAA’s Compliance Engine, the Student Aid Reference Desk, and the development and updating of training materials for NASFAA members. Before joining NASFAA, Tiffany worked as an assistant director of financial aid at the University of Maryland, Baltimore County. We can all learn from Tiffany’s story, and we will have time for a Q&A. Be a part of the conversation on LinkedIn.

Please join us in congratulating Adrian Martin, who was promoted from financial aid assistant to assistant dean of financial aid and diversity outreach at Amherst College, and Jennifer Fetters, who was promoted from program specialist 3 to associate director of financial aid at Bellevue College. Angelika Williams, FAAC®, assistant vice provost for student financial services at the University of San Francisco, will be honored with the 2023-2024 Provost Awards Ignatian Service Award. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.

U.S. DEPARTMENT OF EDUCATION

TRENDING IN FINAID NEWS

INDUSTRY NEWS OF THE WEEK

NASFAA TRAINING

NASFAA CAREER CENTER


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