Today's News for
Thursday, May 28, 2015
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NEWS FROM NASFAA
NASFAA members visited with congressional policymakers yesterday to stress the importance of simplification, student loan repayment, and the Pell Grant Program. Jeffrey Jacobs of North Dakota State University, Helen Faith of Lane Community College in Oregon, and Sarah Zipf of Penn State University were in D.C. participating in NASFAA’s Advocacy Pipeline – an opportunity to join NASFAA staff and visit Capitol Hill. They shared their campus-level perspective on various reauthorization proposals, specifically discussing the benefits of prior-prior year (PPY), proposals to make the Pell Grant Program more flexible, and the need to simply student loan repayment.
You may want to keep this reference sheet handy as you package financial aid for the upcoming year. Updated for 2015-16, this one-pager lists loan limits for the Federal Stafford, PLUS, and Perkins loan programs. Also listed are the minimum and maximum award amounts for Pell Grants and Supplemental Educational Opportunity Grants, and the limits and eligibility requirements for the Teacher Education Assistance for College and Higher Education (TEACH) Grants. Download the PDF, print it out, and hang it up at your desk so you have the information you need right at your fingertips.
The summer term is upon us, and NASFAA's Student Aid Index is here to help members navigate the statutory authority, regulations, and content they need to ensure all goes smoothly. From packaging for summer/special sessions/cross-over periods, to Satisfactory Academic Progress (SAP) requirements, to constructing a cost of attendance for the summer term, the Student Aid Index can help guide you through nearly any situation. Why wait? Start using the Index today!
Overview of the Financial Aid Programs introduces attendees to basic financial aid concepts, categories and types of financial aid, the Title IV aid programs, and other federal sources of assistance to students. This course is not only an effective training tool for new financial aid staff, it also offers your institution's non-financial aid staff a basic understanding of financial aid programs and requirements. Limited Seats remain. Register now!
U.S. DEPARTMENT OF EDUCATION
Volume 6 – The Campus-Based Programs of the 2015-2016 Federal Student Aid Handbook is now available.
The attached charts show the variable interest rates applicable to the Federal Stafford, Federal SLS, Federal PLUS, and Federal Consolidation loan programs for the period July 1, 2015 – June 30, 2016.
The Secretary announces the annual updates to the tables used in the statutory Federal Need Analysis Methodology that determines a student's expected family contribution (EFC) for award year 2016-17 for these student financial aid programs.
"A U.S. judge on Wednesday threw out a lawsuit filed by a group
of for-profit colleges challenging the Obama administration's new
regulations aimed at limiting student
debt," Reuters reports.
"Paul LeBlanc, president of Southern New Hampshire University, has become a leading proponent of competency-based education, a way to award degrees based on testing and portfolios rather than 'seat-time' in a traditional course," according to The Chronicle of Higher Education.
"The group of undocumented students who gathered at the City
University of New York this month to recognize their selection as
scholarship recipients looks more diverse than one might expect.
From countries as different as Haiti, Poland, South Korea, and
Zambia, all are enrolled at CUNY with the help of TheDream.US
scholarship fund," The Chronicle of Higher
"The so-called Power Five conferences are different from the
American Athletic and Mountain West conferences. They have lots
more money," USA TODAY reports.
"Dozens of Webster University students studying at the school's
campus in London were unexpectedly stripped of their U.S. financial
aid this past school year because Webster ran afoul of U.S.
Department of Education regulations," the St. Louis
"As Illinois, Louisiana and Wisconsin threatened nine-figure
reductions in higher education funding, public colleges and
universities in those states made their own threats in
return," Inside Higher Ed reports.
"As the current school year ends, officials at the state's
colleges are gearing up for the impact of a law that streamlines
access to free college for high school students,"
the Athens Banner-Herald reports.
"The U.S. Department of Education and the Consumer Financial
Protection Bureau have in recent years joined with states'
attorneys general in cracking down on the for-profit college
industry. Now the Federal Trade Commission is the latest agency to
call for changes within the industry," Inside Higher
"As a freshman at Saint Mary's College of California, Gabriella
Perez faced the usual challenges that first-generation students
encounter during their first year on a college campus, and more:
She worried that her parents would be deported to
Mexico," The Chronicle of Higher Education
NASFAA CAREER CENTER