Today's News for
Thursday, February 26, 2015
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NEWS FROM NASFAA
Even as negotiators continued to advocate against ED's proposal
for another student loan repayment plan (PAYE2), they worked
through possible issues for an extended rulemaking agenda Wednesday
during the second day of negotiated rulemaking. ED canceled
Thursday's scheduled negotiated rulemaking meeting and will release
a final agenda before the committee reconvenes from March 31-April
NASFAA's Education Tax Benefit Guide provides details for students and families about tax credits and deductions to help lower the cost of higher education. The guide has been updated for the 2014 tax year and is free and open to the public. We encourage you to share it with anyone who may need information about education tax benefits.
Due to overwhelming interest in NASFAA's Leadership and Legislative Conference and Expo, the event has reached maximum capacity. Online registration is now closed and onsite registration will not be available. You can still register for the 2015 Legislative Symposium, which will be held Monday, March 2, 2:30-5:15pm. Be sure to keep an eye on Today's News next week for exciting updates, including a recap of the Legislative Symposium and a link to our Facebook album from the event.
Every year, NASFAA recognizes outstanding members and other higher education stakeholders for their achievements and contributions to financial aid. Nominations are due by the end of the day tomorrow. 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.
"The House voted Wednesday to expand the benefits of popular
college savings plans that President Barack Obama failed to scale
back," The Associated Press reports.
"The ceremonial tossing of college-graduation caps into the air
was once a symbol of liberation. Now, it often signifies a future
tethered to massive student debt, which takes a borrower 14 years
on average to repay," The Atlantic reports.
"At 56, Linda McCampbell discovered she could get the college
degree she always wanted. A Nashville paralegal for 30 years,
McCampbell last year attended an eight-hour workshop to judge how
her life experience might be cashed in for academic credits at
Lipscomb University. Could she knock months off a college education
she thought was out of reach?" asks The Hechinger
"Colleges are facing a perfect storm that could shutter hundreds
of them and leave many more wondering how to survive. Yet much of
higher education's leadership is in denial that anything is
amiss," Steve Cohen writes for Time.
"... American households have been getting their act together on
debt, at least a little bit, since the financial crisis and the
subsequent recession," Kevin D. Williamson writes for the National Review.
"American families recognize the value of a dollar. And they
recognize how important each and every dollar is when it comes to
saving for college for their loved ones," Betty Lochner, chair of
the College Savings Plans Network, writes in an opinion piece
for The Hill.
Blogs and Think Tanks
"Another calendar quarter has passed and the latest edition of
the Federal Reserve Bank of New York's Report on Household Debt and
Credit is on the wire. As usual, there's plenty of news to pick
apart," according to Credit.com.
"In the current debate in Springfield, Ill., and in the capitals
of other cash-strapped states around the country, one major area of
budget focus is education," Douglas D. Baker, president of Northern
Illinois University, writes in The Huffington
Post's The Blog.
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