The National Association of Student Financial Aid Administrators (NASFAA) works to shape the future by promoting student access and success in higher education.
BREAKING 🚨:
@usedgov
announced today that institutions and states will begin receiving FAFSA applicant information in the “first half of March,” backtracking its initial - and already delayed - commitment to deliver them in January:
#fachat
#FAFSA
BREAKING: The federal government in a hearing Tuesday afternoon agreed to rescind a rule that would prohibit international students from remaining in the country should their fall coursework operate fully online. Stay tuned for more from
@nasfaa
.
#fachat
Breaking 🚨:
@usedgov
announced today that a miscalculation in the formula of the FAFSA resulted in incorrect financial need information for several hundred thousand students being sent to colleges and universities. Read NASFAA's statement:
#fachat
#FAFSA
JUST IN:
@usedgov
today released guidance and a final rule that will allow HEERF emergency aid grants to also be issued to undocumented,
#DACA
, international students. More from NASFAA:
#fachat
#HEERF
Happy
#FinancialAidDay
(FAD) to all financial aid professionals across the US who help make students’ college-going dreams a reality! We want to see how you’re celebrating FAD – tell us in the comments and tag
@NASFAA
in your posts!
This morning, NASFAA President and CEO
@justindraeger
testified before the House Subcommittee on Higher Education and Workforce Development on the 2024-25 FAFSA rollout. Read his written testimony:
BREAKING:
@potus
2023 budget request includes proposal to double the maximum
#PellGrant
by 2029, starting with a $2,175 increase for the 2023-24 award year
#fachat
#highered
Stay tuned for more details from NASFAA
JUST IN: Interest rates for new federal student loans will decrease. New UG loans will drop to 4.529% from the current 5.045%. Direct loans for grad students will drop to 6.079% from 6.595%.
#fachat
BREAKING:
@usedgov
announced it will provide full relief to students who were defrauded by their institutions & had their claims approved through borrower defense, with roughly 72,000 borrowers receiving $1 billion in loan cancellation.
#fachat
Breaking: The pause on federal student loan payments has been extended through May 1 amid a
#covid19
surge & increased pressure from Democratic lawmakers
#fachat
#studentloans
BREAKING: The House voted 319-96 to pass the FUTURE Act, which provides permanent, annual mandatory funding for MSIs and allows for direct data sharing between the IRS and
@usedgov
. The bill now heads back to the Senate for a final vote.
#fachat
BREAKING: An updated statement from
@usedgov
states it will not "initiate any enforcement action" on Title IV eligibility for
#CARESAct
emergency grants, because the guidance lacks "the force and effect of law." More:
#fachat
Today is
#FinancialAidDay
, a day celebrating and recognizing the contributions of all financial aid professionals who help students make their college dreams a reality. What is your office doing to celebrate? Share stories and pictures with news
@nasfaa
.org or on our social media.
NASFAA expresses gratitude to
@BetsyDeVosED
and the
@usedgov
staff who took time to meet with NASFAA board members about student loan indebtedness, FAFSA
#verification
, award notifications and school/federal partnerships today at
#FSATC2018
#fachat
BREAKING: The Senate just passed the latest version of the FUTURE Act by unanimous consent. The bill now heads to President Donald Trump to sign into law. Trump has said he would sign the bill.
#fachat
Breaking:
@usedgov
announced today it will make temporary changes to the
#FAFSA
verification process for the 2021-22 award year to provide relief to students impacted by
#covid19
:
#fachat
BREAKING 🚨:
@FAFSA
announces the 2024-25 FAFSA will go live by December 31 and institutions will receive ISIRs by the end of January 2024. Read NASFAA’s statement:
#fachat
Every February we celebrate Financial Aid Awareness Month in an effort to provide crucial information to students and families about access to financial aid. Use NASFAA's infographics to spread awareness this
#FinAidFeb
:
#Fight4FinAid
JUST IN: The Biden administration’s application for student loan cancellation is now open in a beta period. Applications will be processed when the official site launches later this month.
#fachat
#studentloanforgiveness
BREAKING: ED has announced an extension of the federal student loan administrative forbearance period, the pause in interest accrual, and the suspension of collections activity through January 31, 2021.
#fachat
Today ED announced it will make inflationary adjustments to the FAFSA that will result in more students qualifying for additional financial aid. But the adjustment will also come with tradeoffs. Read NASFAA President Justin Draeger’s full statement:
NASFAA is excited to partner with
@NACAC
in a wide-ranging, 8-month initiative to reimagine college admission & financial aid systems to better promote racial equity in higher education, made possible through a grant from
@LuminaFound
.
More here:
#fachat
Congratulations to NAFSAA's latest MVP:
@a_delonis
, FAAC® director of financial aid at
@WabashCollege
. As a first-generation college student, Alex got his start in the financial aid office through a Federal Work-Study position.
BREAKING: Lawmakers tonight released the text of their final FY 2018 omnibus spending bill, which includes several unexpected victories for student aid programs and policies:
#fachat
JUST IN:
@WhiteHouse
released its FY 2022 budget proposal, calling for a 40% increase to
@usedgov
funding, a $400 increase to the maximum
#PellGrant
award, & giving
#DACA
recipients access to the program.
More on
#highered
items in the budget:
#fachat
Big news just announced at
#NASFAA2018
— the board has decided to move forward with implementing a certification program to create a Certified Financial Aid Administrator (CFAA)! Learn more:
#fachat
Steve Pemberton: I never use terms like "at risk," "underserved," "underrepresented." I have yet to meet a young person who describes themselves that way. So why should we?
#NASFAA2019
BREAKING:
@usedgov
Secretary Betsy DeVos announced moments ago that the $6 billion in direct emergency aid for college students allocated in the
#covid19
stimulus package will be distributed immediately.
#fachat
JUST IN: Interest rates for federal loans disbursed on/after July 1, 2020 to drop sharply, to 2.75% for undergraduate Direct Loans, to 4.30% for grad/professional Direct Unsubsidized Loans, and to 5.30% for Parent/Grad PLUS loans.
#fachat
It's National Financial Aid Day & we're celebrating our members & all
#financialaid
professionals. Thank you for all you do!
We want to know how your office is celebrating today, so tell us in the comments & tag us in your posts!
#fachat
#FinancialAidDay
FSA announced that starting March 31, it will be implementing welcome changes to the FSA ID process, such as allowing the user to use their phone number in the place of a username, and removing the requirement for passwords to be changed every 18 months.
We are pleased to announce the selection of Karen McCarthy, former NASFAA director of policy analysis, to serve as the new vice president of public policy & federal relations.
Please join us in congratulating her for this exciting new role!
#fachat
BREAKING:
@usedgov
announced today that it will begin reconsidering denied applications for the Public Service Loan Forgiveness Program on a first-come, first-served basis. NASFAA has more on the announcement:
Congratulations to
@ProfessorFlores
, the
#NASFAA2022
recipient of the Robert P. Huff Golden Quill Award! Her report sets forth an actionable framework informed by insights from more than two dozen experts. Join us in congratulating Dr. Flores!
Please join us in congratulating Megan Coval, our longtime VP of Public Policy & Federal Relations, for her time here at NASFAA.
We wish Megan the best on her next endeavor! Leave her a comment and well wishes as she embarks on the next step in her career.
🚨
#BREAKING
: The Office of Federal Student Aid just released a road map outlining delivery dates for 2024-25 FAFSA resources and confirmed that the new FAFSA will be released sometime in December this year.
Stay tuned for more from NASFAA.
#fachat
#FAFSA
BREAKING:
@usedgov
announced that it would be making temporary changes to the verification process for the 2022-23 award year as a means of providing relief to students. Read a statement from
@justindraeger
here:
#fachat
JUST IN: In response to "unprecedented disruptions caused by
#COVID19
,"
@usedgov
will be delaying the requirement that borrowers complete the Annual Student Loan Acknowledgement (ASLA) prior to disbursement for 2020–21. More:
#fachat
NASFAA joined higher ed associations in a letter urging
@usedgov
to extend & expand the repayment relief provided by the CARESAct to borrowers through Sept. 2021, or until the unemployment rate has fallen below 8% for 3 consecutive months. Read the letter:
55 years ago this month NASFAA was created. As a thanks for all the support, we'd like to celebrate our members for all that you do to help fulfill our mission of promoting access & success in
#highered
More on our member appreciation day raffle
#fachat
NASFAA Member Appreciation Day is Oct. 24! We are giving away a registration for any webinar or online course & funding an office pizza party for three members! Follow us on Facebook, IG, & Twitter, like or share/RT each post, and tag 2 inspirational FAAs.
JUST IN:
@usedgov
announced it will waive the interest on federally-held student loans to support borrowers during the
#Covid19
outbreak, and confirmed that borrowers will automatically have their interest rates set to 0% for a period of at least 60 days.
ICYMI: The Senate late yesterday passed the Faster Access to Federal Student Aid (FAFSA) Act, which would simplify the financial aid application, verification, and student loan repayment processes:
#fachat
#FAFSA
There is broad, bipartisan support for
#DoublePell
as an effective way to bolster opportunity for millions of low- & moderate-income students.
NASFAA is proud to join the
#highered
community in calling for a doubling of the maximum
#PellGrant
:
📣 Just In: Today, NASFAA joined the
#highered
community in urging colleges & universities to extended their enrollment, scholarship, and financial aid deadlines beyond the traditional May 1 date to accommodate continued
#FAFSA
delays.
.
@justindraeger
: "We are unified by one underlying principal- that no student who is qualified be denied access to a postsecondary education bec. of where they came from."
#NASFAA2018
NASFAA Leadership, including National Chair Billie Jo Hamilton, met with
@BetsyDeVosED
this morning at
#FSATC2017
and discussed policy priorities such as burdensome regulations and the importance of ED’s partnership with the IRS.
The guidance permits copies of tax returns and written statements of non-filing as acceptable documentation for verification purposes for both the 2018-19 and 2019-20 application cycles. Stay tuned for updates.
#fachat
We all gathered virtually from our homes yesterday for NASFAA's all staff meeting and are working hard to support our members. Thank you to all our financial aid professionals for all you do!
A3: Studies have shown Pell Grants boost completion rates, increase earnings after graduation, and improve students' social welfare years down the road.
#Thankful4Pell
ICYMI: NASFAA today joined a coalition of more than 1,000 organizations & institutions in a letter to Congressional leaders urging lawmakers to double the maximum
#Pellgrant
award to $13,000.
More on the call to
#DoublePell
:
#fachat
🚨JUST IN 🚨: In a reversal from previous guidance,
@usedgov
said it will not enforce Title IV eligibility for
#CARESAct
student grants, but will still exclude DACA students from receiving funding. Read NASFAA's full analysis here :
#fachat
NEW: President Donald Trump announced interest accrual on federal student loans will be halted until further notice. More on that, and other
#studentdebt
relief proposals from lawmakers amid the
#COVID19
outbreak:
#fachat
JUST IN: 2018-19
#studentloan
interest rates will increase from 4.45% to 5.045% for undergrad Direct Loans, from 6% to 6.595% for grad/professional Direct Unsubsidized Loans, and from 7% to 7.595% for parent and graduate PLUS loans.
#fachat
ANALYSIS:
@usedgov
last night released updated
#COVID19
guidance addressing verification, need analysis, distance education. More from NASFAA's policy team:
#fachat
A new bill aims to curtail the use of legacy admissions by banning schools from participating in federal aid programs if they admit students based on legacy admissions
Introduced by
@JeffMerkley
&
@JamaalBowmanNY
, the bill is the first of it's kind:
#BREAKING
: The Supreme Court moments ago ruled against the Trump administration in a challenge to the administration's decision to end the Deferred Action for Childhood Arrivals (
#DACA
) program. Stay tuned for updates, and read the full decision:
#fachat
.
@justindraeger
at
#NASFAA2018
: "Not every degree is going to come out after three years and be at its full earning potential.. the extent that student aid ever gets tied solely to job outcomes... we ought to be very, very concerned."
Interest rates on Grad and Parent PLUS loans will drop to 7.079% from 7.595%. The rates affect new loans made on or after July 1 for the 2019-20 year.
#fachat
JUST IN: Interest rates for new federal student loans will decrease. New UG loans will drop to 4.529% from the current 5.045%. Direct loans for grad students will drop to 6.079% from 6.595%.
#fachat
NEW:
@usedgov
released a summary of changes being made to the 2021-2022 FAFSA. The most notable changes are the increase of the income threshold for the automatic-zero expected family contribution & questions asked about the Schedule 1 tax form. More here:
🚨JUST IN🚨:
@usedgov
releases additional guidance detailing regulatory flexibilities and reporting requirements for institutions in regards to disruptions caused by
#COVID19
. Full guidance here:
#fachat
JUST IN:
@usedgov
has halted garnishing the wages, tax refunds and Social Security benefits of people who are in default on their federal student loans,
@politico
reports.
#fachat
BREAKING: President Trump has signed the third
#covid19
relief package into law.
@usedgov
will now be tasked with implementing provisions related to higher education and distributing funds. Stay tuned to Today’s News and NASFAA’s COVID-19 Web Center for more updates.
#fachat
We know this year, you're working harder than ever. As a small token of our appreciation on
#FinancialAidDay
, we will be raffling off a pair of "Off The Cuff" ear buds to 10 randomly selected members. From the entire NASFAA staff, thank you for all you do!
NASFAA offices will be closed on Friday, June 19, so staff may reflect on diversity, inclusion, racism, and action, and to commemorate freedom on the day that has become known as Juneteenth, “America’s second Independence Day.”
Financial aid administrators in town this week for
#NASFAALeads20
are on Capitol Hill today meeting with representatives and staffers! Here are a few members meeting with staff from the Senate education committee!
#fachat
📅 It's official: the
#FAFSA
is now open to apply for the 2023-24 school year! Check out our resources to share with students and parents on FAFSA Tips & Common Mistakes to Avoid:
If you’re having a hard time keeping track of all the upcoming deadlines, expirations, and restart dates around student loans, then you’re in luck! NASFAA has created a resource with key dates for financial aid professionals to remember.
Thank you to all of the nearly 2,200 dedicated financial aid professionals who attended
#NASFAA2018
this year! We wish you safe travels and look forward to seeing you next year in Orlando!
FULL STORY: Government rescinds rule which would have prevented international college students from remaining in the country if their fall coursework was entirely online.
#fachat
BREAKING: The federal government in a hearing Tuesday afternoon agreed to rescind a rule that would prohibit international students from remaining in the country should their fall coursework operate fully online. Stay tuned for more from
@nasfaa
.
#fachat
We know that August can be an especially hectic time for financial aid offices, and we want to know how you're getting through it! Using just three emojis, how chaotic - or calm! - has your office been this month? Here's our guess: 🧠🖥 ☕️