Today's News for
Tuesday, August 19, 2014
For over 19 years, ELM Resources has
provided open and lender-neutral choice. As a trusted,
not-for-profit name in the student loan industry, over 1,600
implemented schools use ELM's Web-based solutions, including
ELMNet, ELM NDN and ELMSelect for private loan processing and
disbursements. For more information, visit http://www.elmresources.com.
NEWS FROM NASFAA
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."
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.
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.
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.
U.S. DEPARTMENT OF EDUCATION
This letter announces the availability of Federal Student Aid's online training module on institutional eligibility.
The Department announces the availability of Volume 2 – School Eligibility and Operations of the 2014-2015 Federal Student Aid Handbook.
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.
This notice sets forth the schedule and proposed agenda of a forthcoming open meeting and hearing of the Advisory Committee on Student Financial Assistance.
"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!
"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.
"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.
"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
NASFAA CAREER CENTER