Todays News October 17, 2013
Today's News for
Thursday, October 17, 2013
ELM Resources introduces ELMSelect 2.0, our
newly enhanced lender comparison resource. ELMSelect 2.0
provides you with the ability to manage your lender list in
compliance with current regulations and according to your
preferences, while providing your students with the details
necessary to make informed borrowing decisions in an interactive
format. For more information visit: ELMSelect.com.
NEWS FROM NASFAA
A deal was reached yesterday to end the more than
two-week old government shutdown and provide the Treasury
Department with the borrowing authority to continue to pay the
nation's bills on time and prevent default. This is a stopgap
measure that will extend the current funding levels past
Institutions vying to enroll more low-income students may want
to consider implementing financial aid policies shown to entice
Pell Grant recipients, according to "Institutional Variation in
Enrollment of Low-Income Students: The Role of Prices,
Financial Aid Policies and Selectivity," a new report released by
the Cornell Higher Education Research Institute.
Learn the answer to this question and learn how to instantly find credible and reliable solutions to your most pressing regulatory and compliance questions with NASFAA's AskRegs Knowledgebase. The Knowledgebase guide and video tutorials highlight the many features of this tool.
Looking for an effective training tool for new financial aid staff? Well look no further, NASFAA's Overview course is your solution! Back by popular demand-- and now in an accelerated format-- this course introduces learners to basic financial aid concepts, categories and types of financial aid, the Title IV aid programs, and other federal sources of assistance to students. The course is also a great way to help your institution's non-financial aid staff gain a basic understanding of financial aid programs and requirements. The class begins December 3. Register today to reserve your spot!
U.S. DEPARTMENT OF EDUCATION
Under the Department’s regulations at 34 CFR 668.41(e), all institutions are required to submit to the Department an Annual Campus Security Report (Clery Act Reporting) and, if the institution maintains any on-campus student housing facilities, an Annual Fire Safety Report.
"Being a financial aid administrator is an accident waiting to
happen these days. The soaring costs for college have produced a
soaring amount of applications for assistance, creating a constant
stream of traffic at the Financial Aid Office," University
"While [financial literacy] programs stress that borrowing to
get a college degree can be a wise investment that pays off big in
lifetime earnings, one of their other top aims is reducing the
student loan default rate," University
"It's one thing to avoid buying property because you want to be
risk averse in a turbulent economy. It's another to suggest that
20- and 30-somethings may be camping out at chez Mom and Dad,
because the idea of buying or even renting while their credit
scores are borderline or whacked has left them spooked,"
"In a recent column on how to keep student-loan debt under control, I made the point that we need to apply out-of-the-box, even radical ideas to tackle spiraling college costs and student-loan debt. [T]he National Association of Student Financial Aid Administrators sent me its own recommendations, which include letting institutions set loan limits for certain categories of borrowers and making income-based repayment the automatic default for all borrowers," Janet Bodnar writes for Kiplinger's.
NASFAA CAREER CENTER
- Associate Dean for Enrollment Management/Executive Director of Financial Assistance, University of Miami, Coral Gables, Florida
- Cal Grant Coordinator & Financial Aid Counselor, CSU Channel Islands, Camarillo, California
- Financial Aid Officer, Cogswell College, LLC, Sunnyvale, California
- Director/Financial Aid, Westmoreland County Community College, Youngwood, Pennsylvania