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Today's News for Tuesday, August 19, 2014 
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Senator Pens Letter Asking For Higher Education Tax Benefits Guidance For Students And Schools

Sen. Debbie Stabenow (D-MI) yesterday, along with nine cosigners, sent a letter asking the departments of Education (ED) and Treasury to work together to create a higher education tax benefits guide that can be distributed to financial aid offices, prospective students and their families, school counselors, and other interested parties. Stabenow expressed concern that, according to a 2012 Government Accountability Office report, many tax filers are not taking full advantage of the higher education tax benefits available to them and asked that the departments "provide an estimate of the American Opportunity Tax Credit (AOTC) that applicants could receive based on the tax information they provide on the FAFSA."

View Lesson #1 Of NASFAA University’s Student Eligibility Course, Free of Charge!

Student Eligibility Lesson #1 is just one example of the many instructional videos being provided to NASFAA U online course attendees. These streaming videos are an integral part of the teaching process, allowing attendees to view presentations anywhere, anytime. If you are looking for a convenient way to learn or train your staff on student eligibility topics, consider NASFAA University’s online course. The class starts Monday, September 15 and spots are limited, so register today to secure your place.

NASFAA Seeks Volunteers to Serve as Webinar Panelists for 2014-15

Would you like to be a panelist in an upcoming NASFAA webinar? There are a variety of webinar topics to choose from, including: Consortium Agreements, Reporting Untaxed Income on the FAFSA, Verification for 2015-16, Consumer Information, Student Eligibility, and Cohort Default Rate Issues. If you volunteer to be a panelist, you will be asked questions on the webinar topic as it pertains to your institution. Information about the topic and questions for the panel will be provided before the videotaping. You must be available for both the videotaping of the presentation in Washington, DC and the live airdate from your office.

Watch The 150 Percent Subsidized Direct Loan Eligibility Limitation Webinar Online, At Your Convenience

Though the 150 percent Direct Subsidized Loan eligibility limitation went into effect a year ago, schools still face many challenges in implementing major changes to institutional systems and operations. This webinar addresses areas that can be confusing or problematic, school-related responsibilities, and ways in which schools can advise students on how this limitation can affect their loan eligibility. The webinar costs $115 for members, $230 for non-members, and is offered at no additional cost for webinar package purchasers. It will be available for viewing on-demand until November 17, 2014.


ANN-14-19: Online Training Module - Institutional Eligibility

This letter announces the availability of Federal Student Aid's online training module on institutional eligibility.

8-18: Volume 2 - School Eligibility and Operations [2014-2015 Federal Student Aid Handbook]

The Department announces the availability of Volume 2 – School Eligibility and Operations of the 2014-2015 Federal Student Aid Handbook.

8-18: Issue Alert: EDExpress 2014-2015, Release 3.0 Update Available to Resolve Issue with Adjusted Direct Loan Anticipated Disbursements

The Department has identified an issue in the William D. Ford Federal Direct Loan (Direct Loan) module of EDExpress for Windows 2014-2015, Release 3.0 that is preventing the export of adjusted Classification of Instructional Programs (CIP) Code, Payment Period Start Date, and Enrollment Status values on anticipated disbursements.


Notice: Advisory Committee on Student Financial Assistance: Meeting/Hearing

This notice sets forth the schedule and proposed agenda of a forthcoming open meeting and hearing of the Advisory Committee on Student Financial Assistance.


National News

How To Deal With The Stress Of Debt

"Living with mountains of debt can be stressful to say the least, but over time, having to constantly worry about money can take a real toll on your health," Yahoo! News reports.

Students Clueless On How To Avoid Debt Woe

"When your youngster begins college next month outfitted with a first credit card, it could be the first step on the road to bankruptcy court. That's because millions of American teenagers - like most of the rest of the American population, including many of their parents - tend to know little about personal finance," The New York Post reports.

Preventing Another Corinthian

"With one sentence in a letter this summer, officials at the U.S. Department of Education brought one of the nation's largest for-profit colleges to the brink of insolvency," Inside Higher Ed reports.

State News

California: A Record Number Of Out-Of-State Students Brings Windfall For UC System

"The University of California system is expected to enroll a record number of out-of-state students this fall - and will receive millions of dollars in return," The Los Angeles Times reports.



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