Today's News for
Friday, January 23, 2015
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NEWS FROM NASFAA
In an effort to better inform the discussions of the Servicing
Issues Task Force, NASFAA conducted a membership survey on the
pervasiveness of problems related to loan servicing in the
following areas: application of payments and prepayments, options
and processes related to deferment, forbearance, consolidation, and
income-driven repayment plans. Read on for some key findings from
this survey and keep an eye on Today's News in early
February for a report containing the policy recommendations that
have been approved by the NASFAA Board of Directors.
The updated poverty guidelines, released Thursday by the U.S. Department of Health and Human Services (HHS), reflect increases in the Consumer Price Index for All Urban Consumers (CPI-U) for 2015. The poverty guidelines are developed using the same data that is collected and used by the U.S. Census Bureau in preparing its poverty thresholds, or estimates of the number of individuals and families in poverty. These guidelines are used as financial eligibility criterion by many federal programs, including income-driven repayment plans such as Income-Based Repayment (IBR) and Pay As You Earn (PAYE).
One of the goals of the proposed federal college ratings system
is to serve as a resource for students as they make decisions on
where to apply and enroll. But what would those constituents
consider useful? Chegg, a "connected learning platform" possibly
best known for textbook rentals, has asked.
Every year, NASFAA recognizes outstanding members and other higher education stakeholders for their achievements and contributions to financial aid. Nominations are due February 27, 2015, but there is no need to wait—submit your nominations online today. Starting this year, members can nominate individuals to receive the Robert P. Huff Golden Quill Award for their contribution to financial aid literature. Also, be sure to submit your project for a Gold Star Award, which recognizes innovations in the financial aid arena at any level, targeted toward any constituency. Award winners will be announced at the 2015 NASFAA Conference, July 19-22, in New Orleans, LA.
Curious what you can expect in your first year as a new aid director? Wondering what you should focus on and how to determine the priorities? Attend the 2015 NASFAA Leadership and Legislative Conference and Expo and find out! Your colleagues will share what they wish they had known and help you develop a roadmap for your first year of being in charge. Don't miss the New and Aspiring Aid Directors Pathway - register today!
This notice provides an update of the Department of Health and Human Services (HHS) poverty guidelines to account for last calendar year's increase in prices as measured by the Consumer Price Index.
"President Barack Obama's proposal to scale back the tax
benefits of college savings accounts is running into opposition
from Republicans in Congress who say they have no intention of
raising taxes on families trying to save money for their children's
education," The Associated Press reports.
"Sixty-billion dollars for free community-college tuition will
undoubtedly be a tough sell to a Republican-controlled Congress.
But in statehouses and city halls around the country, advocates for
free tuition are hoping that the national discussion the
president's proposal has unleashed will help them make the case
that government-funded education should extend beyond 12th grade to
include two years of college," The Chronicle of Higher
"The words zero and cost stood out in President Obama's State of
the Union address last night, but many higher education experts
feel uneasy about a proposal to make community college more
affordable," Newsweek reports.
"In his State of the Union address Tuesday, President Obama
promised to make college more affordable for low- and middle-income
families. But one way he would pay for that would be to make
college more expensive for millions of upper-income
Americans," Money reports.
"A small group of immigrant advocates gathered Wednesday to
watch Gov. Andrew M. Cuomo's State of the State speech at a
restaurant in Deer Park, following a months-long push to get Cuomo
to include funding for tuition aid to 'Dreamers' -- immigrant
students in the country illegally or whose deportations have been
deferred," Newsday reports.
"President Obama is pitching his new tax plan as a way to help
the middle class at the expense of the rich. But middle-class
savers are bound to notice if he achieves two of the White House's
stated goals-to 'roll back' tax benefits of 529 college savings
plans and 'repeal tax incentives going forward' for Coverdell
Education Savings Accounts," according to a Wall Street
Blogs and Think Tanks
"If you were listening for new higher-ed ideas in the State of
the Union last night, you probably felt like it was 2009 all over
again," Andrew Kelly, director of the American Enterprise
Institute's Center on Higher Education Reform, writes in
the National Review Online's The
NASFAA CAREER CENTER
- Financial Aid Director, Cambridge Institute of Allied Health & Technology, Altamonte Springs, Florida
- Assistant Dean for Student Affairs, CUNY Hunter College, New York, New York
College Now Coordinator - Office of Admission (Division of Student Affairs), CUNY Hunter College, New York, New York
Associate Director of Financial Planning, The Sullivan University System, Louisville, Kentucky
- Dean of Admissions and Financial Aid, Otis College of Art and Design, Los Angeles, California