Today's News for
Wednesday, March 12, 2014
For over 19 years, ELM Resources has provided
open and lender-neutral choice. As a trusted, not-for-profit name
in the student loan industry, over 1,600 implemented schools use
ELM's Web-based solutions, including ELMNet, ELM NDN and ELMSelect
for private loan processing and disbursements. For more
information, visit http://www.elmresources.com.
NEWS FROM NASFAA
Missed the NASFAA Leadership and Legislative Conference? Here's
a sample of the federal updates attendees received this
week. And don't forget to check out photos from the conference on our Facebook page.
President Barack Obama last week announced the launch of a new
Free Application for Federal Student Aid (FAFSA) Completion
Initiative, including new tools and resources to help states,
districts, and high schools better support students in completing
NASFAA is committed to maintaining a presence outside the beltway, in the states and regions where our members work and serve students. As part of this commitment, every year our President and National Chair attend each of the six regional association conferences – EASFAA, MASFAA, SASFAA, SWASFAA, RMASFAA and WASFAA – as well as many state conferences. We are also committed to sending NASFAA policy staff and trainers to as many state conferences, workshops and boot camps as possible.
NASFAA members can choose among six hotels after they register for the 2014 National Conference In Nashville, ranging in price from $169-$219 per night. All the hotels are within a 2-15 minute walk from the Music City Center. And, for your convenience, you can hop on the FREE Music City Circuit (Blue Circuit) bus that runs in the immediate downtown area everyday except for Sunday. The Doubletree Hotel is on the route! The Blue Circuit runs every 30 minutes from 6:30 AM to 6:00 PM on weekdays and 11:00 AM to 6:00 PM on Saturdays. Visit their site for a pocket schedule, maps, and bus stops. Register now!
U.S. DEPARTMENT OF EDUCATION
The Federal Pell Grant (Pell Grant) regulations at 34 CFR 690.10 provide for an Administrative Cost Allowance (ACA) payment of $5.00 to each participating school for each student who receives a Pell Grant at that school for an award year. These funds may be used only to defray the costs of administering the Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Work-Study, and Federal Perkins Loan programs.
This announcement is intended to share the customer service performance results for the first quarter (ending September 30, 2013) with the financial aid community.
"The Education Department should take steps to ensure that
students are protected when colleges use third-party servicers,
like Higher One, to deliver financial-aid refunds, says a new
report by the department's inspector general," The
Chronicle of Higher Education reports.
"With reservations about staying in her hometown of Lowell,
[Donna Jo] Cassidy initially chose Keene State in New Hampshire.
Before her sophomore year, however, she transferred to the
University of Massachusetts Lowell. She chose it not only because
it's cheaper than most private institutions, but also because it
publicized estimates of how much money she could expect to make
when she graduated," The Boston Globe reports.
"American families are saving for college big time in 529 plans,
but they have a long way to go, according to 2013 year-end data
released today by the College Savings Plans
Network," Forbes reports.
"Education technology can help higher education up its game. But
adaptive learning, digital badges and free online courses don't
spell doom for colleges. And plenty of yeomanlike work needs to be
done before those innovations can reach their
potential," Inside Higher Ed reports.
"The Commission for Higher Education is studying whether Indiana
should push back the deadline to allow students to apply for
financial aid - a move it says could potentially double the number
of college students receiving state financial aid,"
the Indianapolis Star reports.
"The California Student Aid Commission reports a rise in the
number of high schools submitting students' grade-point averages
electronically, as state legislators weigh whether to require the
electronic GPA reports," The Sacramento
"Over a three-year period beginning in 2008, the default rate on
student loans at some Montana colleges increased sharply, with all
but one of the state's 13 campuses reporting rates of more than 10
percent," the Independent Record reports.
"Indiana would pay up to $9,000 of student loans for some
teachers under a measure headed to Gov. Mike Pence," The
"State Senate leadership is considering bringing the
controversial DREAM Act to the floor even though the votes are
probably not there to pass it, sources told the Daily News,"
the New York Daily News reports.
"Low-income kids who participate in Washington's College Bound
scholarship program are going to college at nearly the same rate as
their richer classmates and well ahead of other poor children who
did not sign up, according to a new report released
Monday," Diverse: Issues in Higher
"Part of my job involves traveling around the country talking to
people who work at colleges. Lately, everyone has been asking, with
a mix of puzzlement and exasperation, the same question: 'Why on
earth is the Obama administration trying to create a federal
college-ranking system?'" Kevin Carey writes for The
Chronicle of Higher Education.
"The face of education has been changing in Louisiana,
emphasizing career readiness for high school and college graduates.
The idea is to make graduates employable, whether they are
preparing for white collar or blue collar jobs," according to an
editorial in The Advertiser.
NASFAA CAREER CENTER