Your peers on NAFSA’s Education Abroad Regulatory Practice Subcommittee on Financial Aid provide the following information to help education abroad professionals stay informed of federal financial aid guidance during the disruption of the COVID-19 crisis. Common questions related to Cost of Attendance (COA), Satisfactory Academic Progress (SAP), online learning, and others are answered below. While some authoritative guidance has been issued by the U.S. Department of Education, education abroad professionals should connect with their institution’s financial aid office for interpretation of the rules and their use of professional judgement.
Updates are provided as new information from the Department of Education and insights from the National Association of Student Financial Aid Administrators (NASFAA) are published.
Three rounds of funding have been made available to institutions of higher education via the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), and the American Rescue Plan (ARP) as follows:
On May 11, 2021, the Department of Education (DoEd) released an updated set of Frequently Asked Questions (FAQs) on Higher Education Emergency Relief Fund III (HEERF III) grants under the American Rescue Plan Act of 2021. FAQs relevant to education abroad have been added below.
Flexibility for Title IV aid use granted for the spring 2020 term was extended to December 31, 2020 per June 16 guidance from the U.S. Department of Education.