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Today's News for Friday, May 01, 2015 
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Negotiated Rulemaking Team Reaches Consensus

An 11th-hour suggestion from NASFAA member Helen Faith, financial aid director at Lane Community College, proved to be the lynchpin needed to bring federal and nonfederal negotiators together in compromise.

House Holds Hearing On Improving Access And Completion For Disadvantaged Students

Yesterday, in a House Subcommittee on Higher Education and Workforce Training hearing entitled "Improving College Access and Completion for Low-Income and First-Generation Students," committee members heard from witnesses about programs states and institutions have in place to support low-income and first-generation college students.

Study Explores Effectiveness Of Current Practices On Entrance Counseling

A report released yesterday by TG, in collaboration with NASFAA, finds first-time borrowers are learning little about budgeting and responsible borrowing when completing loan entrance counseling. "When students first enroll they have multiple competing priorities vying for their attention," said NASFAA President Justin Draeger. "TG's research backs up what aid administrators have anecdotally been sharing for years: that too much information, at the wrong time, is like giving no information at all."

Analysis: Obama's Budget Increases Pell Awards, Freezes Campus-Based Program Funds

President Obama's fiscal year 2016 budget request would provide an overall investment of almost $148 billion in postsecondary grants, loans, and work-study to 13.2 million students, according to a recent analysis from the Committee for Education Funding.

CORE Training Materials Updated for 2015-16; Available in the Online Store Today

CORE is a comprehensive set of instructional materials for teaching financial aid fundamentals to individuals with less than two years experience. CORE’s 14 modules cover financial aid administration from A to Z and its flexible design allows you to use it for teaching small or large groups. If you have never tried CORE, purchase and download one module at a time to see if it meets your staff training needs. If you are a Value or Value Plus member, CORE is included in your membership package, so there is no additional cost for you to download it.

A Streetcar Named... NASFAA?

NOLA TNIn New Orleans, they call their vintage electric rail vehicles streetcars - never trolleys. New Orleans was the first city west of the Allegheny Mountains to implement passenger rail service. There are three different lines: St. Charles, Canal Street, and the Riverfront, each of which originates downtown but takes you to different parts of the city. The St. Charles Line is the oldest continuously operating streetcar in the world. For fare and route information, visit the New Orleans Regional Transit Authority. Register today for the conference and enjoy New Orleans via streetcar!


4-30: 2015-2016 Federal School Code List of Participating Schools (May 2015)

The Department announces the availability of the updated 2015-2016 Federal School Code (FSC) List of Participating Schools on the Information for Financial Aid Professionals (IFAP) Web site.


National News

Republicans Agree On Spending Plan That Could Cut Student-Aid Money

"Republicans in the U.S. House of Representatives and Senate have reached agreement on a spending blueprint for the 2016 fiscal year that could lead to deep cuts in education spending and a reduction in benefits for student-loan borrowers," The Chronicle of Higher Education reports.

Senate Panel Votes To Expand Education Benefits

"The Senate Finance Committee unanimously cleared a measure Wednesday that would expand tax-free accounts for college education and make them easier to use," The Hill reports.

Independent Take On Free

"U.S. Senator Bernie Sanders made it official on Thursday by announcing his campaign for the Democratic presidential nomination," Inside Higher Ed reports.

Students' College Choices Aren't Totally Rational (And That's OK)

"The way it's discussed in policy circles, choosing a college can sound clinical. Would-be students weigh data points on graduation rates, student-loan debt, and salaries, then base their decisions on such metrics. Or they would, if only they were better informed," according to The Chronicle of Higher Education.

Student-Loan Surge Undercuts Millennials' Place In U.S. Economy

"Surging student-loan debt represents a key risk to the economy's expansion because wage gains are failing to keep up, according to Beth Ann Bovino, U.S. chief economist at Standard & Poor's," Bloomberg reports.

Should We Appraise The Value Of A College Based On Alumni Earnings?

"The concern with student outcomes after graduation is all the rage in higher ed. With the cost of post-secondary education on the rise, ranking colleges has become a blood sport," according to MainStreet.

State News

Virginia: College Barred From Asset Sale, Court Asked To Stop Closure

"A judge has barred Sweet Briar College from selling any assets for six months," The Associated Press reports.

Blogs and Think Tanks

End Government Profits On Student Loans: Shift Risk And Lower Interest Rates

"Student loans make billions of dollars for U.S. taxpayers, at least on paper. These profits attract frequent criticism from politicians, most recently in a letter to the Education Department by six U.S. senators led by Elizabeth Warren, who has previously called the profits 'obscene' and 'morally wrong,'" Matthew M. Chingos writes for The Brookings Institute.

How Corinthian's Student Body Measured Up Against Other For-Profits: 4 Takeaways

"Corinthian Colleges Inc. made waves in higher education this week when it announced it would abruptly close its remaining campuses, displacing 16,000 students," The Chronicle of Higher Education's Data Points reports.




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