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The Department of Education (ED) on Wednesday announced it will extend the deadline for borrowers to consolidate their loans into the Direct loan program in order for them to get credit for student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program and income-driven repayment (IDR) plans.

This AskRegs Knowledgebase Q&A was updated on May 6, 2024 to reflect a welcome change in guidance NASFAA has received from the U.S. Department of Education (ED). Yes. According to ED, if the FAFSA contributor (student, spouse, parent) has a properly executed power of attorney that specifically authorizes another individual (commonly referred to as an agent) to sign on their behalf, and such executed power of attorney explicitly includes signing for Internal Revenue Service (IRS) tax purposes, the agent may sign the FAFSA as the contributor. However, this signature cannot be provided electronically. View the full answer to this question to learn more.

Blue Icon Advisors' next Let's Talk session is today, May 16, at 12 p.m. ET and will dive into building a compliance culture at your institution. Check the schedule for additional upcoming topics and be sure to register for this upcoming session.

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