Today's News

Today's News for Thursday, February 26, 2015 
 
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NEWS FROM NASFAA

ED Considers 5 More Loan Issues for Negotiated Rulemaking Agenda

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 2.

NASFAA Education Tax Benefit Guide Updated for the 2014 Tax Year

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.

Registration Now Closed For NASFAA's 2015 Leadership and Legislative Conference and Expo

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.

Nominate Colleagues For NASFAA Awards By COB Tomorrow

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.

HEADLINES

National News

House Votes To Expand College Accounts Obama Wanted To Scrap

"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.

Why Are So Many College Students Turning Down Free Money?

"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.

As A Whole New Kind Of College Emerges, Critics Fret Over Standards

"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 Report.

Opinions

Commentary: A Perfect Storm Is Heading Toward Higher Education

"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.

Opinion: Student-Loan Default Is Not A Moral Good

"... 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.

Opinion: Following Your College Savings Intuition

"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

The Way We Look At Student Loan Debt Is Dangerously Wrong

"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.

K-12, Higher Education Worlds Must Collide To Improve Student Outcomes

"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.

INDUSTRY NEWS

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NASFAA CAREER CENTER 

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