Today's News for
Wednesday, November 26, 2014
Financial Aid TV (FATV): Educating
students and supporting staff for 10 years! Over 3 million online
videos watched this past year. Plug and play technology that is
easy to customize and simple for schools to implement. Available
24/7. For a school demo or estimate, email firstname.lastname@example.org or
call 888-704-9090 or visit http://www.financialaidtv.com.
NEWS FROM NASFAA
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.
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
www.regulations.gov on or before that date.
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 The NASFAA website and other online services will still be available, but NASFAA's Today's News will not be published and technical and membership support will not be available until the office reopens on Monday, December 1.
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.
U.S. DEPARTMENT OF EDUCATION
The Department announces the posting of the 2015-2016 Common Origination and Disbursement (COD) Technical Reference.
During the period December 12-14, 2014, the Department plans to implement additional COD System functionality for the 2014-2015 Award Year.
"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.
"The University of California campuses have had a tumultuous
week and it shows no signs of letting
up," Time reports.
"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
"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.
"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
"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.
NASFAA CAREER CENTER
- Assistant Director for Financial Aid, Harford Community College, Bel Air, Maryland
- Director, Financial Aid and Scholarships, University of California Irvine, Irvine, California
- Financial Aid Advisor, Frederick Community College, Frederick, Maryland