Today's News for
Monday, October 20, 2014
For nearly 30 years, Inceptia/NSLP has been developing
and providing solutions schools need to help their students
succeed. We have worked with over two million students and 5,500
schools, providing services including financial education and
default prevention services. As a non-profit our focus is helping
students, their families, and institutions.
NEWS FROM NASFAA
"Context is critically important in many aspects of life, and
postsecondary education outcomes are certainly no exception. As
policymakers increasingly look to measurements of institutional
outcomes to allocate financial aid funds and influence behavior,
many within the financial aid community have expressed valid
concerns about the potential unintended consequences," Marcus
Szymanoski, manager of training and communications for DeVry
Education Group's regulatory affairs division, writes in the latest
article in NASFAA's Student Aid Perspectives series.
Learn the answer to this question and learn how to instantly find credible and reliable solutions to your most pressing regulatory and compliance questions with NASFAA's AskRegs Knowledgebase. The Knowledgebase guide and video tutorials highlight the many features of this tool.
THE D.C. DOCKET
NASFAA is here to help you stay up to date on the top policy events occurring throughout the week in Washington, D.C. and, when applicable, across the country. Congress is on recess this week, but there are several policy events to tune in to. Be sure to read Today's News daily for additional coverage of some of these events.
- The House and Senate are scheduled to be on recess the week of October 20.
U.S. DEPARTMENT OF EDUCATION
The COD Processing Update provides information related to COD System processing and includes the following sections: COD News and Updates, Current Issues (with a subsection for All Programs, Direct Loans, and Grants), and Reminders.
As explained in a July 2, 2014 Electronic Announcement posted on the Information for Financial Aid Professionals (IFAP) Web site, the Health Education Assistance Loan (HEAL) Program was transferred from the U.S. Department of Health and Human Services to the U.S. Department of Education (the Department) on July 1, 2014, as required by the Consolidated Appropriations Act, 2014 (Pub. L. 113-76).
This Electronic Announcement informs institutions that for the remainder of the 2014-2015 award year verification, a signed paper copy of a 2013 IRS tax return may be accepted as alternative documentation to meet the "acceptable documentation" standard for income and other tax related verification information.
"The U.S. Department of Education has a response to colleges and
universities confused by how they are supposed to count students
enrolled in distance education courses: Read the
instructions," Inside Higher Ed reports.
"For years, Washington Monthly has been rating and ranking the
nation's colleges. But for its 2014 edition, the magazine has done
something new," NPR reports.
"On paper, refinancing student debt - like refinancing a
mortgage - is a logical way to save cash," The Boston
"A mother of five children in Bath, Me., admitted on
the New York
Times's Motherlode blog earlier this year
that she and her husband had no college savings," The New
York Times reports.
"With all the worries about rising college costs, lower- and
moderate-income families should keep in mind that there are federal
tax benefits that can help ease the financial burden of getting an
education," The New York Times reports.
"Gov. Bill Haslam's free tuition program is in need of
mentors," The Associated Press reports.
"In recent years, [The University of Texas at El Paso (UTEP)], a
school that's about 80 percent Hispanic, has received national
attention for its work at retaining students and graduating far
more than expected," Diverse: Issues in Higher
"A bill that would allow New Jersey college students to pay the
same tuition for nine straight semesters is one step closer to
becoming law," NJ.com reports.
"A Durham woman has pleaded guilty in federal court to making
false statements on student financial aid application on Oct.
9," The Herald-Sun reports.
"Many of my fellow college presidents remain worried about the
Obama Administration's proposed (and still being developed) rating
system for higher education. While Education Department officials
have been responsive and thoughtful about our concerns, many among
us fundamentally do not trust government to get this
right," Paul J. LeBlanc, president of Southern New Hampshire
University, writes for Inside Higher Ed.
"What does our health care system have in common with our system
of higher education? A lot more than you might think," John C.
Goodman writes for Forbes.
Blogs and Think Tanks
"Higher education is one of the 'cornerstones' of economic
opportunity, Janet L. Yellen, chair of the Federal Reserve Board,
said on Friday in an unusual and closely watched speech about
growing inequality. But her remarks, given at the Federal Reserve
Bank of Boston, did not cast higher education's role in an entirely
favorable light," The Chronicle of Higher
Education's The Ticker.
NASFAA CAREER CENTER