NASFAA

The National Association of Student Financial Aid Administrators (NASFAA) is a unique nonprofit organization in the U.S. dedicated to sharing information, enhancing professional skills, and analyzing laws and regulations related to federal student aid programs established under Title IV of the Higher Education Act of 1965, including its amendments.

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ED’s OIG Will Review Impact of RIF on ED Programs and Responsibilities

6 days ago | nasfaa.org | Maria Carrasco

By Maria Carrasco, NASFAA Staff Reporter In the aftermath of the Department of Education’s (ED) reduction in force (RIF), ED’s Office of Inspector General (OIG) recently announced that it will conduct a series of reviews examining how the RIF impacts the department’s programs and responsibilities. In March, ED formally announced that the department would lay off nearly 50% of its staff across all divisions in an effort to improve efficiency and accountability.
Reconciliation Update: House and Senate Agree to Narrowed Budget Blueprint

1 week ago | nasfaa.org | Hugh Ferguson

By Hugh T. Ferguson, NASFAA Managing Editor Both chambers of congress have now agreed to the same budget blueprint which unlocks the next phase of the reconciliation process; drafting legislative text and directs committees to find roughly $4 billion in spending cuts over a decade.
NASFAA Urges Congress to Preserve PSLF Program

1 week ago | nasfaa.org | Maria Carrasco

By Maria Carrasco, NASFAA Staff Reporter Responding to reports that reforms to the Public Service Loan Forgiveness (PSLF) program are included among the many options Congress is considering to find cost savings through the budget reconciliation process, NASFAA and dozens of other organizations sent a letter to the top education lawmakers urging them to preserve the PSLF program.
NASFAA Urges ED to Confirm Funding Levels for Higher Education Programs

2 weeks ago | nasfaa.org | Maria Carrasco

By Maria Carrasco, NASFAA Staff Reporter Now that Congress has completed its work on fiscal year (FY) 2025 spending levels by passing legislation to fund the federal government through September 30, NASFAA, along with over a dozen higher education organizations, led by the American Council on Education, sent a letter urging the Department of Education (ED) to confirm the funding levels for all higher education programs.
April State & Regional Association Updates

2 weeks ago | nasfaa.org | Maria Carrasco |ized Events

By Maria Carrasco, NASFAA Staff Reporter 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 in Idaho, Nevada, Colorado, the Midwest Association of Student Financial Aid Administrators (MASFAA), and the Western Association of Student Financial Aid Administrators (WASFAA).
ED Announces Dates for Negotiated Rulemaking Public Hearings on PSLF and IDR Plans

2 weeks ago | nasfaa.org | Hugh Ferguson

By Hugh T. Ferguson, NASFAA Managing Editor The Department of Education (ED) on Thursday released its public hearing dates for its intent to establish negotiated rulemaking committees that will touch on regulations that would streamline current federal student financial assistance programs. The regulations specifically reference Public Service Loan Forgiveness (PSLF), Pay As You Earn (PAYE), and Income Contingent Repayment (ICR) as topics it seeks to address.
Denise Carter Retires as Chief Operating Officer of FSA

2 weeks ago | nasfaa.org | Maria Carrasco

By Maria Carrasco, NASFAA Staff Reporter The Department of Education (ED) announced on Wednesday that Denise Carter, chief operating officer (COO) of the Office of Federal Student Aid (FSA) and former acting secretary of ED, is retiring. Starting Wednesday, Acting Under Secretary James Bergeron will serve as acting COO for FSA. In its press release, ED did not indicate who would serve as acting under secretary.
What Reconciliation Could Mean For Higher Education Funding

3 weeks ago | nasfaa.org | Maria Carrasco

By Maria Carrasco, NASFAA Staff Reporter Now that congressional Republicans have cleared a hurdle over government funding, they can turn their attention back to reconciliation. However, the process’s early stages, with dueling frameworks from the House and Senate, have led to fears among the higher education community.
NASFAA Endorses Legislation to Lower Federal Student Loan Rates to 2%

3 weeks ago | nasfaa.org | Maria Carrasco

By Maria Carrasco, NASFAA Staff Reporter New legislation from the House of Representatives is seeking to lower the interest rate on all federal student loans, including PLUS loans, to 2%. The Affordable Loans for Students Act, reintroduced by Rep. Mike Lawler (R-N.Y.) and previously supported by NASFAA when it was first unveiled in 2024, would amend the Higher Education Act (HEA) to lower the interest rate on new and existing Federal Direct Loans to 2%.
Student Aid Alliance Calls on Congressional Appropriators to Protect Federal Student Aid Programs

1 month ago | nasfaa.org | Maria Carrasco

By Maria Carrasco, NASFAA Staff Reporter The Student Aid Alliance, which NASFAA is a member of, sent a letter to the top congressional appropriators, calling on the lawmakers to protect and maintain funding for federal student aid programs in fiscal year (FY) 2026. The letter was sent to Sens. Shelley Moore Capito (R-W.V.) and Tammy Baldwin (D-Wisc.), leaders of the Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies, and Reps.