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today’s news for Wednesday, May 1, 2024

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NEWS FROM NASFAA

The Department of Education (ED) announced on Tuesday that it has developed a new process to streamline 2024-25 FAFSA completion for applicants and contributors without a Social Security number (SSN), in order to enable this group to immediately access and submit the online form.

In April, NASFAA’s Research Department recruited financial aid administrators at public and private four-year institutions to participate in one-on-one interviews to discuss their 2024-25 FAFSA filing rates among admitted first-year undergraduate students. Overall, institutions in this sample reported they were down an average of 16% for 2024-25 FAFSA filing by their admitted first-year undergraduate students as compared to the same time last year, for the 2023-24 cycle. Review the full report to learn more.

As Education Secretary Miguel Cardona on Tuesday defended the Biden administration’s 2025 fiscal year budget request during a Senate appropriations subcommittee hearing, he also faced many questions on the rocky rollout of the 2024-25 FAFSA. 

NASFAA UPDATES AND ANNOUNCEMENTS

Gainful employment is back! Join Norma Robinson, NASFAA Regulatory Specialist, to cover the return of gainful employment (GE) to the financial aid landscape. This webinar, next week on May 8 at 2 p.m. ET, will cover the definition of a GE program, the metrics that will be used to measure GE programs, as well as when regulations officially go into effect. Reserve your seat today.

As of May 1, 2024, if you are taking a professional credential test on any topic, you will need to be familiar with rules and regulations in effect for the 2024-25 year. If you have any questions, contact us at [email protected]

U.S. DEPARTMENT OF EDUCATION

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