{"id":2266209,"date":"2024-06-12T16:41:03","date_gmt":"2024-06-12T20:41:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/college-financial-aid-officers-ask-congress-to-intervene-in-bidens-gainful-employment-demands\/"},"modified":"2024-06-12T16:49:21","modified_gmt":"2024-06-12T20:49:21","slug":"college-financial-aid-officers-ask-congress-to-intervene-in-bidens-gainful-employment-demands","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/college-financial-aid-officers-ask-congress-to-intervene-in-bidens-gainful-employment-demands\/","title":{"rendered":"College financial aid officers urge Congress to address Biden&#8217;s gainful employment requirements"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcollege-financial-aid-officers-ask-congress-to-intervene-in-bidens-gainful-employment-demands%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2266209&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A national\u200b association representing \u2064thousands of college financial \u200baid officers\u2014the\u200d National Association of Student Financial Aid Administrators (NASFAA)\u2014is urging Congress to postpone the\u200d deadline for \u2064new financial transparency metrics set\u200c by the Biden administration. NASFAA, which includes about 29,000 members from nearly\u2062 3,000 higher education institutions,\u2063 has asked for an extension until \u200cJuly 2025. The extension pertains\u200d to gainful \u200bemployment and financial value transparency reporting requirements.<\/p>\n<p>The request for the extension is largely due\u2062 to problems\u200b encountered with the rollout of the\u2064 new \u200bFree Application for Federal Student Aid (FAFSA),\u200c which has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-20-biggest-questions-of-2023\/\" title=\"The 20 Biggest Questions in 2023\">caused significant disruptions<\/a> for students and \u2063financial aid officers. NASFAA points out that the problems with the FAFSA \u200drollout have left universities insufficient time and resources\u200d to comply \u200cwith\u200b the new requirements \u200bfor demonstrating the\u200b financial value of their programs.<\/p>\n<p>The Biden administration&#8217;s \u200crules require various educational institutions, \u2062including universities and trade schools, to show that their programs provide a financial benefit to students, ensuring \u200bthat degrees and \u200dcertificates \u200blead to jobs\u200d that allow graduates to\u2063 reasonably manage or pay off their educational\u200b debts.\u200c This accountability aims to protect Title IV federal financial aid\u2064 funding and boost consumer knowledge. However, given the\u200b ongoing issues and administrative challenges,\u2062 NASFAA is\u200d advocating for additional time to meet \u200cthese\u2064 requirements.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p>A national association representing thousands of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/higher-education\/\" target=\"_blank\" rel=\"noreferrer noopener\">college<\/a> financial aid officers is asking Congress to extend the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" target=\"_blank\" rel=\"noreferrer noopener\">Biden administration\u2019s<\/a> deadline for reporting new financial transparency metrics.<\/p>\n<p>The National Association of Student Financial Aid Administrators, which represents roughly 29,000 financial aid professionals at nearly 3,000 institutions of higher education, sent a letter this week to the House and Senate committees with oversight of the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/department-of-education\/\" target=\"_blank\" rel=\"noopener\" title>Education Department<\/a> asking for an extension of the gainful employment and financial value transparency reporting requirements until July 2025.<\/p>\n<p>NASFAA cited the botched rollout of the new Free Application for Federal Student Aid application that has produced major setbacks for prospective students and their families, as well as aid officers, for the fall semester.<\/p>\n<p>\u201cWhat should have been a triumph for the ED and a game-changer for students and families became a<br \/>nightmare for student aid applicants and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/government-shutdown-how-the-resumption-of-student-loan-payments-will-be-affected\/\" title=\"Impact of Government Shutdown on Student Loan Payments\">financial aid administrators<\/a> as it became clear that the ED<br \/>had not properly planned for its rollout of the 2024-2025 \u2018Better FAFSA,&#8217;\u201d the <a href=\"https:\/\/www.nasfaa.org\/uploads\/documents\/Letter_to_Congress_Requesting_Extending_Reporting_Deadline_for_GE_FVT.pdf\" target=\"_blank\" rel=\"noopener\" title>letter<\/a> from NASFAA CEO Justin Draeger stated.<\/p>\n<p>Draeger sent the letter to Sen. Bernie Sanders (I-VT), the chairman of the Senate Health, Education, Labor, and Pensions committee; ranking member Sen. Bill Cassidy (R-LA); Rep. Virginia Foxx (R-NC), the chairwoman of the House Education and Workforce Committee; and ranking member Rep. Bobby Scott (D-VA).<\/p>\n<p>A new rule from the Biden administration requires traditional universities, trade schools, certificate programs, and other forms of continued education to provide data proving the degrees or certifications they confer are worthwhile in the job market.<\/p>\n<p>The \u201cgainful employment\u201d requirement applies to nondegree programs, such as certificates, trade schools, and proprietary schools. Those programs must show that the debt incurred to obtain the certification makes financial sense once a graduate enters the job market. In other words: Can a graduate reasonably pay off his or her debt in the kinds of jobs they are getting after leaving the program? If not, those programs could lose Title IV federal financial aid funding.<\/p>\n<p>\u201cFinancial value transparency\u201d applies to all institutions, including traditional four-year universities, and requires schools to provide similar financial information to prospective students effectively as consumer knowledge. Under this requirement, Title IV funding is not at risk.<\/p>\n<p>Initially, the Biden administration set a July 31 deadline for all schools to procure and transmit the data, but in light of the FAFSA rollout, the Biden administration gave a two-month extension to Oct. 1. As the <em>Washington Examiner<\/em> <a href=\"https:\/\/www.washingtonexaminer.com\/news\/2955414\/amid-fafsa-debacle-colleges-confused-about-bidens-gainful-employment-demands\/\" target=\"_blank\" rel=\"noopener\" title>reported<\/a> in April, by that time the Biden administration had not yet even sent schools guidance on how to respond to the federal government, or what kind of information they were required to send.<\/p>\n<p>NASFAA\u2019s members, who serve roughly 16 million students, according to their letter, cited the additional work they were required to do to respond first to the FAFSA rollout, leaving them little time or resources to compile the data to comply with the new rule. Draeger said that financial aid administrators are \u201calready hanging on by a thread.\u201d<\/p>\n<p>\u201cThis request does not mean that the ED needs to delay its 2026 target for publishing GE and FVT metrics or for implementing associated warnings and acknowledgments when a program fails those metrics,\u201d Draeger wrote. \u201cWhile the original timeline provided institutions just a few months to complete their part and provided the ED with two years, our request gives institutions and the ED each about a year to pull together their data and reporting schemas respectively, a fair compromise considering the significant amount of additional work institutions have been forced to take on this year because of the FAFSA issues.\u201d<\/p>\n<p>The FAFSA problems are not just affecting financial aid workers, students, and their families. Universities are concerned that the financial limbo experienced by prospective students will affect enrollment numbers in the fall.<\/p>\n<p>As the <em>Washington Examiner<\/em> <a href=\"https:\/\/www.washingtonexaminer.com\/news\/3014216\/college-admissions-expected-drop\/\" target=\"_blank\" rel=\"noopener\" title>reported<\/a>, undergraduate enrollment in bachelor\u2019s programs at public and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/schumer-slams-fat-cats-who-dont-want-to-cancel-student-loans\/\" title=\"Schumer Slams \u2018Fat Cats\u2019 Who Don\u2019t Want To Cancel Student Loans\">private universities increased<\/a> for the first time in four years this spring semester. That is the last group of students accepted under the old FAFSA prior to the chaotic rollout.<\/p>\n<p>Some institutions are worried that students who have not received aid offers will delay and ultimately forgo college. Others, <a href=\"https:\/\/www.washingtonpost.com\/education\/2024\/06\/10\/fafsa-college-enrollment\/\" target=\"_blank\" rel=\"noopener\" title>according<\/a> to the <em>Washington Post<\/em>, believe the lack of enrollment will lead to more financial instability at some schools that were already in dire straits.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/strong><\/p>\n<p>Angel B. Perez, National Association for College Admission Counseling chief executive, told the outlet that some college presidents anticipate 20% to 30% less enrollment than their targets.<\/p>\n<p>\u201cThat\u2019s devastating for an institution. But of course, you\u2019re not going to see that at the big flagship publics or the wealthiest institutions,\u201d Perez said. \u201cBut you will see that at regional colleges. You\u2019ll see that at small, struggling institutions, that this could be the thing that puts them over the edge.\u201d<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Association of Student Financial Aid Administrators, representing about 29,000 members across nearly 3,000 higher education institutions, has requested Congress to extend the deadline for new financial transparency metrics set by the Biden administration. The association communicated this appeal through a letter to relevant House and Senate committees earlier this week<\/p>\n","protected":false},"author":179,"featured_media":2266210,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP24163692370696-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2266209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP24163692370696-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2266209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/179"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2266209"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2266209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2266210"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2266209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2266209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2266209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}