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Today's News for Monday, January 26, 2015 
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Survey Provides Snapshot Of Financial Education Among Graduate, Professional Students

While a majority of graduate and professional institutions offer some form of financial education for their students, there remains a strong need for more comprehensive and effective programs, according to a survey from Access Group. The survey, sent to financial aid administrators with the assistance of NASFAA's Graduate and Professional Issues Committee (GPIC), was designed to better determine how schools are delivering financial education to graduate and professional students, who often borrow significant amounts to pay for their education.

AskRegs Knowledgebase Answers: Is a Student Required to Sign a Federal Work-Study Time Sheet?

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.

Final Day To Register For NASFAA U’s Federal Methodology Course

Class starts today, but it's not too late to register! This beginner-level online course focuses on the calculation of a student's expected family contribution (EFC) and includes educational lessons on the regular and simplified formulas as well as recalculations. A NASFAA Credential is provided after successfully completing and passing the credential test, which is available at the conclusion of the course and included in your course fee.

Learn Best Practices, Strategic Advice In Voices From the Aid Office

Are you struggling to communicate difficult financial aid information? Wondering how to best promote financial literacy on your campus? In Voices From the Aid Office, an occasional Today's News series, we feature best practices from NASFAA members on common issues facing financial aid offices. Explore our Voices From the Aid Office Center to read anecdotes, advice, and innovative ideas on a variety of topics from colleagues across the country. If you would like to suggest a topic for a future Voices From the Aid Office article, please email us at


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. Make sure to check back in to Today's News each morning for coverage of some of the events, and email us at if you're aware of upcoming policy events that could be of interest to the financial aid community.


  • The House and Senate are in session the week of January 26.
  • Tuesday:



    ANN-15-01: Webinar Recording - Gainful Employment: Reporting Data to NSLDS

    The Department announces the availability of the recorded version of our January 2015 webinar that discussed the required gainful employment (GE) Program reporting process using the National Student Loan Data System (NSLDS).

    1-23: Federal Pell Grant Program Reconciliation

    In this announcement, the Department provides specific information to assist schools in reconciling the Federal Pell Grant (Pell Grant) Program. Both the Financial Aid Office and Business Office should review the information provided below.

    1-23: Tentative 2015-2016 Funding Levels for the Campus-Based Programs

    Attached to this announcement is an explanation of the calculation of the tentative funding level in the worksheet for each of the Campus-Based Programs.

    1-23: COD Processing Update

    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.


    National News

    Video: Boehner And McConnell On Obama's Proposals

    "In an interview for '60 Minutes,' Scott Pelley speaks with House Speaker John Boehner and the new Senate Majority Leader Mitch McConnell to get their response to President Obama's proposals from his State of the Union address," CBS News reports.

    Obama Free College Plan Flawed, Critics Say

    "College tuition and student debt have increased at a rapid pace in the past 20 years - raising serious questions about whether a student loan crisis may be brewing in the United States," Voice of America reports.

    State News

    Pennsylvania: More Tuition Experiments Being Tried At State System Of Higher Education Universities

    "Bloomsburg University and Indiana University of Pennsylvania are going to be the latest state universities to test the idea of scrapping their flat full-time undergraduate tuition rate and move to a system that charges students on a per-credit basis, starting in the fall," Penn Live reports.

    Florida Gov. Scott Wants To Stop Taxing College Textbooks

    "College students could be getting a break on the cost of their textbooks under a new proposal announced on Thursday by Gov. Rick Scott," Diverse: Issues in Higher Education reports.


    Editorial: Free Community College Deserves A Chance

    "For those who still believe that education is the best ticket to upward mobility, the highlight of the State of the Union Tuesday night was the compelling pitch to make community colleges free for anyone who is willing to do the work," The Star-Ledger says in an editorial.

    Blogs and Think Tanks

    A Quiet Revolution In Helping Lift The Burden Of Student Debt

    "Has the student loan crisis already been solved?" Kevin Carey asks in The New York Times' The Upshot  blog.

    Should A College Education Be Free?

    "States offer children a free public school education until they complete 12th grade. After that, they have to pay tuition," The New York TimesThe Learning Network reports.

    How To Simplify The Tax Code And Eliminate Borrowing At Public Colleges

    "Every year, H&R Block starts running television commercials imploring Americans to 'get your billion back,' a plea based on the premise that each year, a chunk of money goes unclaimed by Americans who don't take full advantage of the array of tax credits and deductions offered to them," Mark Huelsman, senior policy analyst at Demos, writes in The Hill's Congress Blog.

    Chart: A Higher Education Doesn't Fix Race And Gender Pay Gap

    "A higher education doesn't close the massive racial and gender disparities in what people earn," Vox reports.




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