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today’s news for Monday, March 9, 2026

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NEWS FROM NASFAA

The Federal Student Aid (FSA) training conference in Washington, D.C., wrapped up its in-person convening on Friday and provided attendees with more information and additional resources to help with the One Big Beautiful Bill Act (OBBBA) implementation, FAFSA updates, foreign gift reporting, and interactive sessions. 

The Department of Education (ED) on Monday published a Notice of Proposed Rulemaking (NPRM) to implement statutory changes to the Pell Grant program enacted under the One Big Beautiful Bill Act (OBBBA).

NASFAA is endorsing the Lowering Student Loans Act, new bipartisan legislation that would amend the Higher Education Act (HEA) and set a fixed 2% interest rate for all federal Direct student loans, a change that would be applied retroactively to existing Direct loans with higher rates and be fixed for the life of the loan.

NASFAA UPDATES AND ANNOUNCEMENTS

No. A U.S. passport is not valid without a signature. 22 USC 51.4 states: "Signature of bearer. A passport book is valid only when signed by the bearer in the space designated for signature, or, if the bearer is unable to sign, signed by a person with legal authority to sign on his or her behalf. A passport card is valid without the signature of the bearer." View the full answer to this question to learn more.

We all know that the One Big Beautiful Bill Act (OB3) makes significant changes to federal financial aid administration beginning July 1, 2026. Financial aid administrators must communicate changes, reconfigure packaging, provide additional counseling to students, and train staff. NASFAA has developed several tools to assist schools implement OB3 changes, but you may need more help. Blue Icon Advisors has experienced financial aid professionals who are ready to assist you with these time critical tasks so you can be compliant and maintain student service. 

U.S. DEPARTMENT OF EDUCATION

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