[Oasfaa] [EXTERNAL] ED Announces Delay for ASLA Requirement

Tue Mar 9 08:13:37 CST 2021

And I am NOT sad about this announcement. The principal behind this is reasonable and potentially beneficial and informative to the borrowers. However, like so many things recently rolling out from FSA, the implementation was going to prove to be problematic from an administrative standpoint. I'm relieved that ED saw what a nightmare this was going to be in its current form.

Have a great Tuesday, everyone!

Mendy Schmerer, MEd, FAAC(r)
Director, Office of Student Financial Aid | SWASFAA President, 2020 - 2021
University of Oklahoma Health Sciences Center
865 University Research Park, Suite 240 | Oklahoma City, OK  73104
O (405) 271-2118, x 48817 | F (405) 271-5446
Mendy-Schmerer at ouhsc.edu<mailto:Mendy-Schmerer at ouhsc.edu>
https://financialservices.ouhsc.edu/Departments/Student-Financial-Aid
www.facebook.com/OUHSCFinancialAid<http://www.facebook.com/OUHSCFinancialAid>

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From: OASFAA <oasfaa-bounces at lists.onenet.net> On Behalf Of Boyd, Lori
Sent: Tuesday, March 9, 2021 7:31 AM
To: oasfaa at lists.onenet.net
Subject: [EXTERNAL] [Oasfaa] ED Announces Delay for ASLA Requirement

ED Announces Delay for ASLA Requirement<https://urldefense.proofpoint.com/v2/url?u=https-3A__nam04.safelinks.protection.outlook.com_-3Furl-3Dhttp-253A-252F-252Fnasfaa.informz.net-252Fz-252FcjUucD9taT05OTAyMjQwJnA9MSZ1PTEwMDcwMDc2MTQmbGk9ODQ4MDc4MDY-252Findex.html-26data-3D04-257C01-257Clori.boyd-2540okstate.edu-257C65d42ae56da24039bdbb08d8e2fb82cc-257C2a69c91de8494e34a230cdf8b27e1964-257C0-257C1-257C637508917170676447-257CUnknown-257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0-253D-257C1000-26sdata-3DbkTLhDg78woIhA8u4comxPfhKJxFfLFgSDih8bYxkhU-253D-26reserved-3D0&d=DwMFAg&c=VjzId-SM5S6aVB_cCGQ0d3uo9UfKByQ3sI6Audoy6dY&r=Jq3xh6v4hctMZ8-WfGI7l1KQkk2y_HMT2GFL5zfHaho&m=88hn5CMToqIYDqmMqTaeC6BrI-Y37znsncijgFywuuk&s=tRtVj3EimamHJK_TL-W6WuqUEesJFgme2FCOdRSiFO4&e=>
The Department of Education (ED) announced Monday <https://urldefense.proofpoint.com/v2/url?u=https-3A__nam04.safelinks.protection.outlook.com_-3Furl-3Dhttp-253A-252F-252Fnasfaa.informz.net-252Fz-252FcjUucD9taT05OTAyMjQwJnA9MSZ1PTEwMDcwMDc2MTQmbGk9ODQ4MDc4MDc-252Findex.html-26data-3D04-257C01-257Clori.boyd-2540okstate.edu-257C65d42ae56da24039bdbb08d8e2fb82cc-257C2a69c91de8494e34a230cdf8b27e1964-257C0-257C1-257C637508917170676447-257CUnknown-257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0-253D-257C1000-26sdata-3D-252B09trOI7wLjU9McUJRTjihRQ8vjPlRZj-252FzcUTfjWdIE-253D-26reserved-3D0&d=DwMFAg&c=VjzId-SM5S6aVB_cCGQ0d3uo9UfKByQ3sI6Audoy6dY&r=Jq3xh6v4hctMZ8-WfGI7l1KQkk2y_HMT2GFL5zfHaho&m=88hn5CMToqIYDqmMqTaeC6BrI-Y37znsncijgFywuuk&s=lLlJOz7nLUW5oaJ9aZQunQrYT4HavLJSDCZ4J_3PTl0&e=> 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://urldefense.proofpoint.com/v2/url?u=https-3A__nam04.safelinks.protection.outlook.com_-3Furl-3Dhttp-253A-252F-252Fnasfaa.informz.net-252Fz-252FcjUucD9taT05OTAyMjQwJnA9MSZ1PTEwMDcwMDc2MTQmbGk9ODQ4MDc4MDg-252Findex.html-26data-3D04-257C01-257Clori.boyd-2540okstate.edu-257C65d42ae56da24039bdbb08d8e2fb82cc-257C2a69c91de8494e34a230cdf8b27e1964-257C0-257C1-257C637508917170686442-257CUnknown-257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0-253D-257C1000-26sdata-3DDFJ4yAWv-252FN9fuy0DcBhuC7lHbblDA55hcoBPP8j-252FfPI-253D-26reserved-3D0&d=DwMFAg&c=VjzId-SM5S6aVB_cCGQ0d3uo9UfKByQ3sI6Audoy6dY&r=Jq3xh6v4hctMZ8-WfGI7l1KQkk2y_HMT2GFL5zfHaho&m=88hn5CMToqIYDqmMqTaeC6BrI-Y37znsncijgFywuuk&s=IU3uqe6VhkAa-L2x5d9Q7MIRiXTNJgomLtjbICglVpA&e=>, 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://urldefense.proofpoint.com/v2/url?u=https-3A__nam04.safelinks.protection.outlook.com_-3Furl-3Dhttps-253A-252F-252Fgo.okstate.edu-252Fscholarships-2Dfinancial-2Daid-252Findex.html-26data-3D02-257C01-257Clori.boyd-2540okstate.edu-257Cfcfeed9a6b784060435408d715e51342-257C2a69c91de8494e34a230cdf8b27e1964-257C0-257C0-257C637001945918217346-26sdata-3DBwzGz5gMsxJvdRDVhin-252BcD78kNgHFZrYqLK4pdlTeTw-253D-26reserved-3D0&d=DwMFAg&c=VjzId-SM5S6aVB_cCGQ0d3uo9UfKByQ3sI6Audoy6dY&r=Jq3xh6v4hctMZ8-WfGI7l1KQkk2y_HMT2GFL5zfHaho&m=88hn5CMToqIYDqmMqTaeC6BrI-Y37znsncijgFywuuk&s=mSeqDxobUu5UDQeFxgf8vIUxzuS6QfK0bX7L7YyugbI&e=>

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