Trump Announced ED Secretary, Cassidy is to be HELP Chair, FAFSA Deadline Act Passes, FAFSA Form is Open No images? Click here November 21, 2024 Leading the news this week: As the dust settles from the elections earlier this month, join ACCT’s government relations team in the latest In the Know podcast episode, where we breakdown what the results of the election mean for policy-making and community colleges. In more recent developments, President elect Donald Trump has announced his selection for Secretary of Education, Linda McMahon. McMahon was well known as the World Wrestling Entertainment (WWE) cofounder before entering politics by financially backing Republican candidates and running for the U.S. Senate herself. As a member of Trump's political circle, McMahon led the Small Business Administration during his first term. Her experience in education and education leadership consists of her service on the Connecticut Board of Education in 2009 as well as her years-long tenure on the board of trustees for Sacred Heart University in Connecticut. When it comes to primary and secondary education, she has stated to be in favor of charter schools and school choice. In terms of the higher education space, McMahon authored an opinion piece expressing support for the Bipartisan Workforce Pell Act. We anticipate learning more about Linda McMahon and her positions on American education as the confirmation process unfolds. Now let's dive into the latest news in higher education! Senator Bill Cassidy Will Chair the HELP Committee for the 119th Congress Current ranking member of the Senate Committee on Health, Education, Labor, and Pensions (HELP), Senator Bill Cassidy, will be at the helm of the HELP committee as the Republicans will have the majority in the Senate for the 119th Congress. Senator Cassidy has stated that as chair, he wants to put an emphasis on education. Congress Passes the FAFSA Deadline Act Along Bipartisan Lines Late last week, with 381 yeas and 1 nay, House legislators passed the FAFSA Deadline Act as a response to the troublesome and error ridden FAFSA Simplification Form roll out. Earlier this morning, the Senate also passed the bill unanimously. The bill now heads to the President’s desk, where President Biden is expected to sign it. This Act requires the Department of Education to make the Free Application for Federal Student Aid (FAFSA) available by October 1 starting in 2025 and obligates the Secretary of Education to testify before Congress if there is anticipation by September 1 that the form would not be ready by the October 1 deadline; the current deadline is January 1. ED Officially Launches the Updated FAFSA FormToday the Department of Education (ED) announced that the Free Application for Federal Student Aid (FAFSA) 2025-2026 form has been released ten days before the December 1st deadline. Students and families can now access the online form with the paper form being an available option. Even with this official launch, the Department will be monitoring and making adjustments to improve the user experience with submitting the form. Finally, ED has committed to increasing support staff who can assist applicants on evenings and weekends. Department of Education Issues Interim Final Rule on Income Contingent Repayment Plans The interim final rule updates the deadline for borrowers to enroll in income contingent repayment plans (ICR) or Pay as You Earn (PAYE) plans from July 1, 2024 to July 1, 2027. This change will allow the Department to offer borrowers access to ICR plans while also making the necessary changes to make repayment plans compliant with an injunction from U.S. Court of Appeals for the Eighth Circuit. When the Biden Administration unveiled its SAVE Plan, it phased out other ICR plans to simplify options for borrowers. However, with SAVE currently tied up in litigation, it had left borrowers without a viable, affordable, income-based repayment plan. This interim rule is meant to provide that option for borrowers. Grant Opportunities
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