Today's News

Today's News for Wednesday, November 26, 2014 
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NASFAA Takes Action to Protect Pell Funding

Responding to recent reports regarding a proposal before the Senate Labor HHS Appropriations Subcommittee to shift $2 billion out of the Pell Grant funding surplus and divert that money to other programs, NASFAA joined other members of the student aid advocacy community in expressing our opposition to this action.

ED Invites Comments On Revised Draft Of 2015-16 FAFSA

The Department of Education (ED) last week announced that an updated draft of the 2015-2016 Free Application for Federal Student Aid (FAFSA) is available for comment. The 30-day comment period will end December 19, 2014, so comments should be submitted electronically through the Federal eRulemaking Portal at on or before that date.

NASFAA Office Closed November 27 And 28 For The Thanksgiving Federal Holiday

The NASFAA office will be closed on Thursday and Friday, Nov. 27-28 for the Thanksgiving federal holiday. The NASFAA website and other online services will still be available, but NASFAA's Today's News will not be published and technical and membership support will not be available until the office reopens on Monday, December 1.

Did You Miss NASFAA's Live Webinar on Verification for 2015-16? Catch It Now On Demand

Want to learn how your colleagues are handling verification challenges on their campuses? Watch the 2015-16 Verification Webinar to delve deeper into verification issues as NASFAA reviews Department of Education guidance provided over the past year and explores challenges schools face with the verification process. The webinar is $115 for members, $230 for non-members and no additional fee for webinar package purchasers. The archive of this webinar will be available for viewing until April 18, 2015.


11-25: 2015-2016 COD Technical Reference

The Department announces the posting of the 2015-2016 Common Origination and Disbursement (COD) Technical Reference.

11-24: Additional COD System Implementation for 2014-2015 Award Year

During the period December 12-14, 2014, the Department plans to implement additional COD System functionality for the 2014-2015 Award Year.


State News

No Deal Yet For California Students In Sell-Off By Corinthian Colleges

"Corinthian Colleges, the for-profit college operator from Orange County, is collapsing under the weight of a crackdown by federal and state regulators, as well as private lawsuits," KQED reports.

California Students Continue Tuition-Hike Protests

"The University of California campuses have had a tumultuous week and it shows no signs of letting up," Time reports.

A Perspective On How Obama's Immigration Order Will Impact MA Students

"On Thursday evening, President Barack Obama announced his plan for executive action on immigration. The order may grant temporary legal status for up to five million of the country's 11.4 million undocumented people," WBUR reports.

Blogs and Think Tanks

Solutions To State Higher Ed. Disinvestment Are Complicated But Possible

"It's a story that has become far too familiar in higher education policy: The Great Recession led to a decrease in subsidies for higher education in most states," New America's EdCentral reports.

How A Little Student Loan Deal Could Spell Big Trouble For Borrowers

"The Reuters headline is big and bold: 'Wells Fargo to sell $8.5 billion of federal student loans to Navient.' If you're thinking, 'It's hard to get all worked up over an $8 billion deal when there's more than $1.2 trillion-worth of loans out there,' think again," Mitchell D. Weiss writes in a blog post for

Pay It Back: The Public And The Student Loan System

"Among the Americans struggling most in the current economy are recent college grads carrying significant educational debt," Kathleen Weldon, research coordinator for the Roper Center for Public Opinion Research at UConn, writes in The Huffington Post's The Blog.



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