Other Financial Assistance (OFA) and Changes in Emergency Aid

What is and what is not other financial assistance (OFA)? This question comes up a lot. Join NASFAA's David Futrell, director of institutional compliance, in a discussion of the longstanding rules and general observations related to the treatment of OFA (formerly EFA). We'll focus on the changes made by the FAFSA Simplification Act, which removes from OFA 1) emergency financial assistance for unexpected expenses within the student's cost of attendance (COA); and 2) foster care payments under Title IV, Part E of the Social Security Act. We'll also discuss what happens when Title IV aid and non-Title IV aid exceed the COA.

Speaker

David Futrell
Director of Institutional Compliance
NASFAA

Pricing

This webinar is part of the 2024-25 series. Institutions that hold a Value Plus-Level NASFAA membership, and those that have purchased NASFAA's Webinar Package, must have already made their payment for the 2024-25 fiscal year for this webinar to appear as free during the checkout process. You can check your renewal status and add the webinar package option if your paid membership level does not include it. Once dues are paid in full, the price will immediately adjust for all roster members.

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