[Oasfaa] ED Announces Delay for ASLA Requirement

[Boyd, Lori]

ED Announces Delay for ASLA Requirement<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT05OTAyMjQwJnA9MSZ1PTEwMDcwMDc2MTQmbGk9ODQ4MDc4MDY%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C65d42ae56da24039bdbb08d8e2fb82cc%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C1%7C637508917170676447%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=bkTLhDg78woIhA8u4comxPfhKJxFfLFgSDih8bYxkhU%3D&reserved=0>
The Department of Education (ED) announced Monday <https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT05OTAyMjQwJnA9MSZ1PTEwMDcwMDc2MTQmbGk9ODQ4MDc4MDc%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C65d42ae56da24039bdbb08d8e2fb82cc%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C1%7C637508917170676447%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=%2B09trOI7wLjU9McUJRTjihRQ8vjPlRZj%2FzcUTfjWdIE%3D&reserved=0> that it would not require borrowers to complete the Annual Student Loan Acknowledgement (ASLA) for award year 21-22. The ASLA requirement - which would require students and parents to acknowledge how much they owe in federal loans prior to their first loan disbursement - was set to go into effect for award year 21-22 after an earlier delay. While the ASLA will still be available on studentaid.gov<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT05OTAyMjQwJnA9MSZ1PTEwMDcwMDc2MTQmbGk9ODQ4MDc4MDg%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7C65d42ae56da24039bdbb08d8e2fb82cc%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C1%7C637508917170686442%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=DFJ4yAWv%2FN9fuy0DcBhuC7lHbblDA55hcoBPP8j%2FfPI%3D&reserved=0>, all processing related to the ASLA will continue under existing rules. ED cited the need to reduce administrative burden during current COVID-19 disruptions as the reason for the delay.




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LORI BOYD
ASSISTANT DIRECTOR OF
FISCAL OPERATIONS

Office of Scholarships and Financial Aid
405.744.8730 * 119 Student Union * finaid.okstate.edu<https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgo.okstate.edu%2Fscholarships-financial-aid%2Findex.html&data=02%7C01%7Clori.boyd%40okstate.edu%7Cfcfeed9a6b784060435408d715e51342%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637001945918217346&sdata=BwzGz5gMsxJvdRDVhin%2BcD78kNgHFZrYqLK4pdlTeTw%3D&reserved=0>
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