Today's News

Today's News for Friday, October 17, 2014 
 
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Student Aid Services: Many students are using the NPC to determine what colleges they will apply to. See how Student Aid Services' NPC 2.0 can convey the value of your institution and demonstrate affordability to your prospective students. Make your NPC an enrollment tool. Contact Student Aid Services. www.studentaidservices.com 


NEW FROM NASFAA

Private Student Loan Borrowers Want More Help

Many more private student loan borrowers turned to the Consumer Financial Protection Bureau (CFPB) this year than last for help with their servicers and loan repayment terms, a new report says. Of about 5,300 private student loan complaints to the CFPB since October 2013, 57 percent related to either "repaying your loans" or "dealing with my lender or servicer," according to the "Annual Report of the CFPB Student Loan Ombudsman."

NASFAA's Standards Of Excellence Review Program Is Accepting Applications

The Standards of Excellence (SOE) Review Program is currently accepting applications for institutional reviews for the 2014-15 academic year. Simply complete the online form and the SOE administrator will contact you with a no-obligation cost estimate, as well as answer any questions you have about the program. For more information, including the many benefits of an SOE review, please visit the website, hear about the process from a peer review team leader, or contact the program administrator at excellence@nasfaa.org.

Willing To Do Financial Aid Nights At Local High Schools?

If you have significant financial aid experience and enjoy sharing your wisdom with others, volunteer your services using NASFAA's online Speaker and Mentor Directory. Simply log in to your myNASFAA profile, scroll down to click “Edit,” navigate to the Demographic Information tab, and scroll down to the “Speaker/Mentor Directory Listing.” Once you complete your profile, your information will be saved in the NASFAA database and you can update it any time. Users can search for a) mentors to financial aid administrators, b) mentors to high school guidance counselors, c) speakers for financial aid meetings or training events, and d) speakers for high school events. If you are ready to add your name and expertise, please log in to your profile now.

U.S. DEPARTMENT OF EDUCATION

10-16: 2014-2015 COD Technical Reference (October 2014 Update)

The updated 2014-2015 Common Origination and Disbursement (COD) Technical Reference has been posted.

10-16: Appendix C - Technical Resources and Assistance [2014-2015 Federal Student Aid Handbook]

Appendix C – Technical Resources and Assistance of the 2014-2015 Federal Student Aid Handbook is now available.

FEDERAL REGISTER

Notice: 2015-16 National Postsecondary Student Aid Study (NPSAS:16) Field Test Student Data Collection

In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 3501 et seq.), ED is proposing a revision of an existing information collection.

HEADLINES

National News

Why Colleges Don't Want To Be Judged By Their Graduation Rates

"This fall, President Obama will release a college-rating system that is likely to include graduation rates as a key measure of institutional success," The Chronicle of Higher Education reports.

The Challenges Of College Financing Facing High School Seniors

"With the rising cost of a college education, more and more high school seniors are having a hard time figuring out how to pay for school," Forbes reports.

State News

California: Ringleader Of Fraud Conspiracy To The Federal Student Assistance Program Sentenced To Prison

"Kyle Edward Moore was sentenced to 37 months in prison, and was ordered to pay $520,904 in restitution for carrying out two conspiracies to commit financial aid fraud and wire fraud, announced United States Attorney Melinda Haag and FBI Special Agent in Charge David J. Johnson," Imperial Valley News reports.

Blogs and Think Tanks

Underemployment Hits Recent Graduates The Hardest

"Stories of college graduates working as baristas and taxi drivers have played into a narrative about how college-degree recipients are struggling to find work that uses their education," The Chronicle of Higher Education's Data Points reports.

INDUSTRY NEWS

NASFAA UNIVERSITY

NASFAA CAREER CENTER

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