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Inceptia. Inceptia's Student Outreach suite proactively connects with students on your behalf to promote FAFSA completion, share important dates, confirm attendance and more – ultimately, increasing your enrollment. Plus, our outreach helps your institution get back those students who have left due to melt. Learn more!

The Department of Education (ED) in an updated notice said that they have identified issues with Completers Lists and FVT/GE Reports and has urged institutions to “pause” their reviews and use of these reports. Once the issue is resolved ED “will review the related reporting deadlines.” As a reminder NASFAA has been calling on the department to delay its institutional reporting deadline for its new gainful employment (GE) and financial value transparency (FVT) regulations to July 2025 and has put together resources for financial aid administrators to encourage members of Congress to take action to implement this delay. NASFAA is continuing to monitor this latest development and will continue to advocate for financial aid administrators. Stay tuned to Today’s News for the latest information on these new reporting requirements. 

In this monthly round-up in Today's News, we would like to highlight what’s going on in your state and regional associations. This month, we have the opportunity to hear from our colleagues from Georgia, Illinois, Iowa, Idaho, Pennsylvania, the Rocky Mountain Association of Student Financial Aid Administrators (RMASFAA), the Southwest Association of Student Financial Aid Administrators (SWASFAA), and the Western Association of Student Financial Aid Administrators (WASFAA).

Scenarios: The FUTURE Act Direct Data Exchange (FA-DDX) has been used to retrieve the FAFSA contributor's federal tax information (FTI) from the Internal Revenue Service (IRS). The school is completing verification and separating income for joint tax filers and only needs to correct some (but not all) of the tax and income fields on the Institutional Student Information Record (ISIR). In a separate scenario, the financial aid administrator (FAA) is exercising professional judgment (PJ) to adjust the contributor’s adjusted gross income (AGI). View the full answer to this question to learn more.

If you're interested in a holistic review of your financial aid operations, the Standards of Excellence review is for you! Our peer reviewers can highlight strengths, identify compliance exceptions, and recommend improvements to benefit you and your students. We are scheduling reviews for the 2024-25 cycle. Request information today to get on the calendar! 

NASFAA's award-winning Diversity Leadership Program (DLP) aims to advance the careers of individuals from marginalized and underrepresented groups in the association and create a strong and diverse pipeline for association leadership. Now in its seventh year, the DLP is seeking six new participants to receive a robust portfolio of benefits, mentorship, and guidance to aid in their development as financial aid leaders. If you are interested in the program, refer to the DLP webpage and be sure to register for our September 11 webinar. If you know someone who would be a great applicant, send them a note of encouragement. Applications are due September 30, 2024.

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