Today's News for
Tuesday, March 11, 2014
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NEWS FROM NASFAA
Leaders of state and regional financial aid associations gathered in Washington, D.C., on Sunday for NASFAA’s 2014 Leadership & Legislative Conference, held this year March 9-11 at the Dupont Circle Hotel. Current and future leaders heard from Dr. Michela Perrone, president of MMP Associates and faculty member of Georgetown University’s Center for Public and Nonprofit Leadership, who discussed the legal obligations of non-profit board members and best practices for governance.
In addition to covering the fundamentals of the Federal Direct Student Loan programs, this self-study guide will help learners to gain an understanding of the calculation of loan amounts, including frequency of borrowing, annual and aggregate loan amounts, and proration. Implementation of the 150 percent limitation on borrowing Direct Subsidized Loans is illustrated and quick quizzes, learning activities, and reflection questions in this guide will reinforce key concepts and enhance the learning process. The Direct Loans: Counseling Requirements and Repayment self-study guide must also be completed in order to qualify to take a credentialing test on Direct Loans.
Session recordings from the 2013 NASFAA Conference are a great means of staff development and training. Plan a series of brown-bag viewing lunches or assign staff to watch the sessions on their own or in small groups based on topic areas. You could even invite colleagues from outside the Financial Aid Office to view recordings with your team or pick a conference track and plan a full day of training on a specific area. Conference session recordings are available now individually or in discounted packages in NASFAA's online store. Remember, if you attended the 2013 conference in Las Vegas, all session recordings are yours, free of charge! And all members have access to the Department of Education sessions, complimentary.
Are you ready for the 2014-15 school year? This online webinar reviews the changes to verification for 2014–15, verification tracking groups and acceptable documentation for completing verification. It also includes information about how other campuses have implemented customized verification on their campuses. The webinar is $115 for members, $230 for non-members and no additional fee for webinar package purchasers. The webinar will be available on demand until April 19, 2014.
U.S. DEPARTMENT OF EDUCATION
The Department reminds the community that on March 7, 2014, it implemented a change to the length of time an FSA User ID may be left unused, before it is suspended or deactivated.
Attached to this Electronic Announcement is an updated worksheet that reflects the changes made by the final regulations. Schools should begin using the revised worksheet for 150% Direct Subsidized Loan calculations that are made on or after March 18, 2014.
The Department announces the availability of the 2013 Blue Book Appendices.
"In February, Sen. Marco Rubio proposed a series of
higher-education reforms designed to expand access and restrain
costs. ... The Florida Republican spoke about his ideas with
Atlantic Media Editorial Director Ronald Brownstein and Mariana
Atencio, an anchor at the Fusion network, at a National
Journal Next America event in Miami," The
National Journal reports.
"By the U.S. Department of Education's standards, a small
institute on the verge of collapse in California and numerous
beauty schools across the country have lately been in better
financial health than any university in the Ivy
League," Inside Higher Ed reports.
"A new report published Tuesday by the New America Foundation
criticizes several higher education lobbying associations for
standing in the way of a proposed federal database that would
provide more expansive data about how colleges are
performing," Inside Higher Ed reports.
"A big new report on millennials was released today by the Pew
Research Center, covering a lot of the same stuff we're always
hearing about this oft-discussed generation. Millennials are
diverse, they're not making a lot of money and they're really into
this Internet I keep hearing so much about," The Washington
Post reports. "In addition to unemployment and stagnating
wages, this generation is also looking at massive student loan
"Millions of college students are missing out on financial aid
for college because they aren't even applying for it," CNN
"The 111 colleges that were singled out last month in a
Congressional investigation into student-aid practices are now in
compliance with federal law, the lawmaker leading the investigation
said on Monday," The Chronicle of Higher
"Students who attend Louisiana's public colleges and
universities should not see their tuition rates continue to rise as
state funding to higher education drops, according to Speaker Pro
Tem Walt Leger, who has filed legislation to ban the now
commonplace practice," The
"A great opportunity is being missed when college leaders fail
to go to admission and financial-aid officers for market insight,"
Dan Lundquist told The Chronicle of Higher Education.
"President Obama wants more low-income students to apply, enroll
and graduate from college. It's a real issue: Only 30 percent
of low-income students enroll in college right after high school,
and only 9 percent earn a bachelor's degree by age 25," Sara
Martinez Tucker writes for Forbes.
Blogs and Think Tanks
"The Obama administration is developing a system to rate
colleges and universities by 2015 that will be based on a
yet-to-be-determined set of criteria that could include data points
such as average tuition and how much graduates earn. ... Let's look
at all the reasons this is a bad idea," The Washington
Post's The Answer Sheet reports.
NASFAA CAREER CENTER
- Associate Director of Scholarships, UMBC, Baltimore County, Maryland
- Member Service Representative, Access Group, Inc., Chicago, Illinois
- Student Financial Services Director, North Dakota State University, Fargo, North Dakota
- Associate Director of Operations, Virginia Commonwealth University, Richmond, Virginia