Today's News for
Friday, May 01, 2015
NavientSM Actively supporting
loan customers and guiding them toward success. We keep borrowers
informed with timely, relevant communication and online tools and
resources while providing your office the help you need and
detailed reporting metrics. For more information, visit navient.com/schools or contact your
dedicated Navient relationship manager.
NEWS FROM NASFAA
An 11th-hour suggestion from NASFAA member Helen Faith,
financial aid director at Lane Community College, proved to be the
lynchpin needed to bring federal and nonfederal negotiators
together in compromise.
Yesterday, in a House Subcommittee on Higher Education and
Workforce Training hearing entitled "Improving College Access and
Completion for Low-Income and First-Generation Students," committee
members heard from witnesses about programs states and institutions
have in place to support low-income and first-generation college
A report released yesterday by TG, in collaboration with NASFAA,
finds first-time borrowers are learning little about budgeting and
responsible borrowing when completing loan entrance counseling.
"When students first enroll they have multiple competing priorities
vying for their attention," said NASFAA President Justin Draeger.
"TG's research backs up what aid administrators have anecdotally
been sharing for years: that too much information, at the wrong
time, is like giving no information at all."
President Obama's fiscal year 2016 budget request would provide
an overall investment of almost $148 billion in postsecondary
grants, loans, and work-study to 13.2 million students, according
to a recent analysis from the Committee for Education
CORE is a comprehensive set of instructional materials for teaching financial aid fundamentals to individuals with less than two years experience. CORE’s 14 modules cover financial aid administration from A to Z and its flexible design allows you to use it for teaching small or large groups. If you have never tried CORE, purchase and download one module at a time to see if it meets your staff training needs. If you are a Value or Value Plus member, CORE is included in your membership package, so there is no additional cost for you to download it.
In New Orleans, they call their vintage electric rail vehicles streetcars - never trolleys. New Orleans was the first city west of the Allegheny Mountains to implement passenger rail service. There are three different lines: St. Charles, Canal Street, and the Riverfront, each of which originates downtown but takes you to different parts of the city. The St. Charles Line is the oldest continuously operating streetcar in the world. For fare and route information, visit the New Orleans Regional Transit Authority. Register today for the conference and enjoy New Orleans via streetcar!
U.S. DEPARTMENT OF EDUCATION
The Department announces the availability of the updated 2015-2016 Federal School Code (FSC) List of Participating Schools on the Information for Financial Aid Professionals (IFAP) Web site.
"Republicans in the U.S. House of Representatives and Senate
have reached agreement on a spending blueprint for the 2016 fiscal
year that could lead to deep cuts in education spending and a
reduction in benefits for student-loan borrowers," The
Chronicle of Higher Education reports.
"The Senate Finance Committee unanimously cleared a measure
Wednesday that would expand tax-free accounts for college education
and make them easier to use," The
"U.S. Senator Bernie Sanders made it official on Thursday by
announcing his campaign for the Democratic presidential
nomination," Inside Higher Ed reports.
"The way it's discussed in policy circles, choosing a college
can sound clinical. Would-be students weigh data points on
graduation rates, student-loan debt, and salaries, then base their
decisions on such metrics. Or they would, if only they were better
informed," according to The Chronicle of Higher
"Surging student-loan debt represents a key risk to the
economy's expansion because wage gains are failing to keep up,
according to Beth Ann Bovino, U.S. chief economist at Standard
& Poor's," Bloomberg reports.
"The concern with student outcomes after graduation is all the
rage in higher ed. With the cost of post-secondary education on the
rise, ranking colleges has become a blood sport," according
"A judge has barred Sweet Briar College from selling any assets
for six months," The Associated
Blogs and Think Tanks
"Student loans make billions of dollars for U.S. taxpayers, at
least on paper. These profits attract frequent criticism from
politicians, most recently in a letter to the Education Department
by six U.S. senators led by Elizabeth Warren, who has previously
called the profits 'obscene' and 'morally wrong,'" Matthew M.
Chingos writes for The Brookings Institute.
"Corinthian Colleges Inc. made waves in higher education this
week when it announced it would abruptly close its remaining
campuses, displacing 16,000 students," The Chronicle of
Higher Education's Data Points reports.
NASFAA CAREER CENTER