Today's News for
Friday, July 25, 2014
For years you've known us as the leader in providing access to
higher education. Now, as NavientSM we
are leveraging that experience and expertise to focus
exclusively to help our clients, and the people we serve, stay on
the path to financial
NEWS FROM NASFAA
Yesterday, the House of Representatives passed an additional
bill related to the reauthorization of the Higher Education Act,
joining two bills passed on Wednesday. HR 4984 Empowering Students
Through Enhanced Financial Counseling Act was originally introduced
in June, and was marked-up and passed out of committee in the
second week of July. The bill was passed by a vote of 405-11.
As Department of Education (ED) officials draft new rules on
cash management and the release of Title IV credit balances,
members of Congress are alerting them of possible unintended
consequences for higher education institutions and the students
they serve. In the past week, both Republican and Democrat members
of the U.S. House of Representatives and U.S. Senate have penned
letters to ED, applauding its scrutiny of financial products'
safety while cautioning against overreaching rules that could
negatively affect colleges and students.
States must play a pivotal role in supporting their higher education institutions, increasing college affordability, and improving degree attainment – and the upcoming reauthorization of the Higher Education Act (HEA) will create an opportunity to examine their position within the sector, senators said during a hearing Thursday.
This past week has proven to be the one of the most rewarding times as the DME intern thus far. In closing out on the NASFAA National Profile and putting the finishing touches on the presentation for the National Profile Briefing, which will occur next Wednesday, I'm reminded of my first course in graduate school. Read on to learn more about what I've been up to over the past week or have a look back at past issues of Behind the Scenes with Blondeen.
U.S. DEPARTMENT OF EDUCATION
The draft 2015-2016 Electronic Data Exchange (EDE) Technical Reference, including the Institutional Student Information Record (ISIR) Record Layout and ISIR Cross-Reference table, has been posted.
This letter provides information on how the Supreme Court’s Windsor decision affects the eligibility of stepparents to receive Direct PLUS Loans. It also provides information on the treatment of same-sex married borrowers under the Title IV income-driven repayment plans.
This letter provides information on how the Supreme Court’s Windsor decision affects the eligibility of spouses of certain members of the armed forces to receive in-State tuition at public institutions of higher education.
"The U.S. House of Representatives on Thursday approved an
overhaul of higher education tax breaks and passed legislation
changing how federal student loan counseling
works," Inside Higher Ed.
"As the U.S. House of Representatives takes its first steps
toward reauthorizing the Higher Education Act, Rep. Paul D. Ryan of
Wisconsin, the Budget Committee's chairman, is offering his own
vision of student-aid reform," The Chronicle of Higher
"This summer marks the 50th anniversary of Upward Bound. It
served 2,061 participants at 17 locations in 1965; last year it
served about 76,000 students at more than 1,000 locations in 50
states," Diverse: Issues in Higher
"[S]eminary students are taking on ballooning debt for a career
that may not exist by the time they graduate," The
"The owner of California's Bryman College chain -- with campuses
in San Jose, Hayward, San Francisco and Los Angeles -- is in
financial trouble and could close," the San Jose Mercury
"Most colleges tend to say, 'You're a swell kid, we're a swell
place, come join us.' What if, instead, we were to say, 'We know
who you are and what particularly interests you, and we have an
opportunity for you, starting as soon as you get here'?" Robert
Weisbuch writes for The Chronicle of Higher
Blogs and Think Tanks
"Nearly 90 percent of the 5 million people striving to be the
first in their family to earn a college degree will never graduate.
Many of those students rely on student loans so they end up with a
crippling debt and nothing to show for it. Can a mobile application
help?" Margo Wright asks in The Huffington Post's The
"This year, the Economic Policy Institute reported that
approximately 8.5 percent of college graduates between the ages of
21 and 24 are unemployed - a fact that presents the dilemma of
graduates lacking any opportunity to repay this staggering debt,"
Leslie Tolf writes for The Hill's Congress Blog.
"Student loan debt has become the scapegoat for nearly all that
ails the U.S. economy, from depressed home ownership, to lower
rates of entrepreneurship, and even the sluggish recovery from the
great recession. The problem with all of this blame is that
the accusations are difficult to substantiate," according to The
Brookings Institution's Brown Center Chalkboard.
NASFAA CAREER CENTER
- Financial Aid Officer, The Art Institute California - Orange County, Santa Ana, California
- Dean of Admissions and Financial Aid, Otis College of Art and Design, Los Angeles, California
- Assistant Director of Financial Aid, Roger Williams University, Bristol, Rhode Island
- Assistant Director of Financial Aid, The School of the Art Institute of Chicago, Chicago, Illinois