Today's News

Today's News for Friday, October 24, 2014 
Brought to you by 

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


NASFAA Summary: PLUS Final Rules Change Credit Requirements, Require Loan Counseling for Certain Borrowers

NASFAA policy staff provide an in-depth look at final rules published yesterday by the Department of Education that modify the definition of "adverse credit history" in the PLUS Loan program and require loan counseling for PLUS borrowers with adverse credit who have extenuating circumstances or who have an endorser.

New Petition Pushes For Universal PAYE

The Department of Education is expanding the Pay As You Earn Program, but some say it's not enough.

Behavioral Science Group Examines Enrollment, Retention At Two Colleges

While financial aid can play a role in a student's success, other behavioral factors can play a significant a role in enrollment and completion, ideas42 said in a webinar on Thursday. The webinar highlighted ongoing work the group is doing to address the low national completion rate by examining enrollment and retention at two schools - LaGuardia Community College in New York and San Francisco State University.

Two Reasons To Attend This Year’s Leadership & Legislative Conference & Expo

The NASFAA Leadership & Legislative Conference & Expo has been expanded to serve even more current and future financial aid leaders than it has in the past—and registration just opened! The conference will now offer two pathways: one for new and aspiring aid directors who want to grow their management skills, and another for rising volunteers – or those who want to volunteer one day – at the state, regional, or national level. Check out what the co-chairs had to say about the upcoming Conference & Expo, and join us March 1-3, 2015 in Washington, D.C. for what’s sure to be a great event!


10-23: Final Regulations Strengthening and Improving the William D. Ford Federal Direct PLUS Loan (PLUS Loan) Program

On August 8, 2014, the Secretary published a Notice of Proposed Rulemaking (NPRM) (79 FR 46640) in the Federal Register to strengthen and improve the administration of the PLUS Loan Program.

10-23: OUTAGE ALERT- G5 Web Site Outage November 19-24, 2014, Impact to Federal Student Aid Processing and on Funds Availability for Title IV Programs

During the period of November 19-24, 2014, the Department of Education (the Department) will perform extended system maintenance to its core financial systems, including G5. Please review the following information to determine how processing at your school will be affected.


National News

Is This The Best Way To Re-Pay Student Loans? Low Interest Rates Aren't Everything

"The fall-out from the financial crisis is still being felt in the lending industry, where tight loan standards and empty borrower pockets have led to some necessary innovation in recent years," MainStreet reports.

State News

Tennessee: Students Jump At Chance For Free College Tuition

"When Gov. Bill Haslam announced the creation of the Tennessee Promise scholarship program, the state anticipated 20,000 students might apply," The Tennessean reports.

California Middle Class Scholarship Grants Are Still Available

"In a surprising and somewhat embarrassing situation, administrators of California's new Middle Class Scholarship program last month awarded only about half the $107 million available," the Los Angeles Times reports.

Blogs and Think Tanks

Cosign Of The Times: The Rich Are Borrowing To Pay For College Too

"A new Pew Research Center study shows that from 2010 to 2012, the percentage of middle- and upper-middle-income students who borrowed money for college doubled, and they're borrowing twice as much money as their peers did a generation ago," Take Part reports. "'The bottom line is more and more people are borrowing in all income brackets,' [NASFAA's Megan] McClean states."

Student Loan Defaulters Aren't Who You Think They Are

"More than 60 percent of college graduates borrow to pay for their four-year degrees, and on average, the debt totals more than $29,000 by the time graduation day rolls around," the New America Foundation's Ed Central reports.

Restore Ability To Benefit Program With Limits To Prevent Abuses

"[R]ather than simply bring back the [Ability to Benefit] program as it previously existed, lawmakers should limit the program to schools that have a proven track record of serving their students well to prevent the type of abuses that have hounded it in the past," the New America Foundation's EdCentral reports.




Subscribe RSS

This RSS feed is provided to allow private individuals to view headlines and text excerpts from NASFAA within newsreaders or RSS-enabled web browsers for personal, non-commercial use. The ability to access and read certain complete articles may be restricted to NASFAA members. Approved NASFAA-affiliated state and regional financial aid associations may additionally distribute our RSS feeds and incorporate headlines (which may include text excerpts) from NASFAA into their official website, blog, or other digital publication for the benefit of their members as long as no fee is charged. We may disable, change, or discontinue these feeds at any time. If you wish to make any other use of our RSS feeds, please contact us for permission.