Today's News for
Monday, January 26, 2015
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NEWS FROM NASFAA
While a majority of graduate and professional institutions offer
some form of financial education for their students, there remains
a strong need for more comprehensive and effective programs,
according to a survey from Access Group. The survey, sent to
financial aid administrators with the assistance of
NASFAA's Graduate and Professional Issues Committee (GPIC),
was designed to better determine how schools are delivering
financial education to graduate and professional students, who
often borrow significant amounts to pay for their education.
Learn the answer to this question and learn how to instantly find credible and reliable solutions to your most pressing regulatory and compliance questions with NASFAA's AskRegs Knowledgebase. The Knowledgebase guide and video tutorials highlight the many features of this tool.
Class starts today, but it's not too late to register! This beginner-level online course focuses on the calculation of a student's expected family contribution (EFC) and includes educational lessons on the regular and simplified formulas as well as recalculations. A NASFAA Credential is provided after successfully completing and passing the credential test, which is available at the conclusion of the course and included in your course fee.
Are you struggling to communicate difficult financial aid information? Wondering how to best promote financial literacy on your campus? In Voices From the Aid Office, an occasional Today's News series, we feature best practices from NASFAA members on common issues facing financial aid offices. Explore our Voices From the Aid Office Center to read anecdotes, advice, and innovative ideas on a variety of topics from colleagues across the country. If you would like to suggest a topic for a future Voices From the Aid Office article, please email us at firstname.lastname@example.org.
THE D.C. DOCKET
NASFAA is here to help you stay up to date on the top policy events occurring throughout the week in Washington, D.C. and, when applicable, across the country. Make sure to check back in to Today's News each morning for coverage of some of the events, and email us at email@example.com if you're aware of upcoming policy events that could be of interest to the financial aid community.
The House and Senate are in session the week of January 26.
U.S. DEPARTMENT OF EDUCATION
The Department announces the availability of the recorded version of our January 2015 webinar that discussed the required gainful employment (GE) Program reporting process using the National Student Loan Data System (NSLDS).
In this announcement, the Department provides specific information to assist schools in reconciling the Federal Pell Grant (Pell Grant) Program. Both the Financial Aid Office and Business Office should review the information provided below.
Attached to this announcement is an explanation of the calculation of the tentative funding level in the worksheet for each of the Campus-Based Programs.
The COD Processing Update provides information related to COD System processing and includes the following sections: COD News and Updates, Current Issues (with a subsection for All Programs, Direct Loans, and Grants), and Reminders.
"In an interview for '60 Minutes,' Scott Pelley speaks with
House Speaker John Boehner and the new Senate Majority Leader Mitch
McConnell to get their response to President Obama's proposals from
his State of the Union address," CBS
"College tuition and student debt have increased at a rapid pace
in the past 20 years - raising serious questions about whether a
student loan crisis may be brewing in the United
States," Voice of America reports.
"Bloomsburg University and Indiana University of Pennsylvania
are going to be the latest state universities to test the idea of
scrapping their flat full-time undergraduate tuition rate and move
to a system that charges students on a per-credit basis, starting
in the fall," Penn Live reports.
"College students could be getting a break on the cost of their
textbooks under a new proposal announced on Thursday by Gov. Rick
Scott," Diverse: Issues in Higher
"For those who still believe that education is the best ticket
to upward mobility, the highlight of the State of the Union Tuesday
night was the compelling pitch to make community colleges free for
anyone who is willing to do the work," The
Star-Ledger says in an editorial.
Blogs and Think Tanks
"Has the student loan crisis already been solved?" Kevin Carey
asks in The New York Times' The Upshot
"States offer children a free public school education until they
complete 12th grade. After that, they have to pay
tuition," The New York Times' The Learning
"Every year, H&R Block starts running television commercials
imploring Americans to 'get your billion back,' a plea based on the
premise that each year, a chunk of money goes unclaimed by
Americans who don't take full advantage of the array of tax credits
and deductions offered to them," Mark Huelsman, senior policy
analyst at Demos, writes in The
Hill's Congress Blog.
"A higher education doesn't close the massive racial and gender
disparities in what people
earn," Vox reports.
NASFAA CAREER CENTER
- Director of Financial Aid, Cal State University - Fullerton - CSUF, Fullerton, California
- Associate Director, Student Financial Aid/Financial Planning, Roger Williams University, Bristol, Rhode Island
- Financial Aid Campus Specialist, Colorado Mountain College, Steamboat Springs, Colorado
- Sr. Assistant Director, University of Rochester, Rochester, New York
- Student Services Professional II (Financial Aid Advisor), California State University San Marcos, San Marcos, California