Today's News for
Thursday, September 18, 2014
The College Board: Since helping to shape
the field in 1954, the College Board and its member partners have
collaborated to provide leadership, expertise, and a suite of
reliable, consistent, and user-designed financial aid solutions
including PowerFAIDS®, the Institutional Methodology, CSS/Financial
Aid PROFILE®, and others. Visit us at collegeboard.org.
NEWS FROM NASFAA
As student loan borrowing and financial literacy continue to
be issues of growing national concern, many financial aid offices are taking
proactive steps to better educate their students on loans, personal
finance, and budgets. NASFAA recently reached out to its membership
to find out how aid administrators are helping their students
become more financially literate - here are four strategies your
peers have found success in using.
Can you guess what Suze Orman, author and host of a show by her
name, considers the nation's biggest financial crisis?
An annual survey, released Monday by the National Association of State Student Grant and Aid Programs (NASSGAP), reports that a total of $11.284 billion state financial aid dollars were awarded to students during the 2012-13 year. While the number represents just a small increase from the previous year’s numbers, the survey did show an increase of 3.5 percent in the amount of need-based grant aid given. Non-need based grant aid, on the other hand, saw a decrease of 2.1 percent from the year prior. For more information check out the 44th Annual Survey Report, the Annual Survey Query Tool, or the State Data Quick Check on the NASSGAP website.
Consumer information is a complex financial aid issue which often causes audit and program review findings. This Self-Study Guide will focus on the requirements for making disclosures and is perfect for the independent learner. Self-Study Guides include multiple lessons with a variety of exercises to reinforce the learning process. NASFAA University Self-Study Guides are available for purchase in our online store, or receive unlimited free access as a Value-Plus Member.
"Since November 2012, Rolling Jubilee has purchased and
eradicated about $15 million worth of debt arising from unpaid
medical bills. Today, the group announced that it has erased $3.9
million in private student loans, including Courtney Brown's and
those of almost 3,000 other students of the for-profit Everest
College," NPR reports.
"Community colleges now have solid data on which strategies work
best to help students get to graduation. While more colleges are
using those techniques, far too few students are benefiting from
them," Inside Higher Ed reports.
"It's a pretty safe bet that the Consumer Financial Protection
Bureau won't see much of the half-billion-plus dollars it demanded
from Corinthian Colleges Inc., in a lawsuit the bureau filed on
Tuesday that accused the company of predatory lending and illegal
collection tactics," according to The Chronicle of Higher
"As universities cover more of the tuition bill than ever
before, they're devoting most of that money to helping students
without the resources to pay full price," according
to U.S. News & World Report.
"Subsidies for public higher ed institutions are the lowest in a
decade-and for the first time, students are paying, on average,
half or more of their tuition's cost," University
"Florida universities say they need millions to deal with the
fallout from changes to the state's popular Bright Futures
scholarship program," The Associated
"Democrats face an uphill battle in their quest to hold the
Senate in November. In their effort to get an edge, they've
targeted one group in particular: college-educated voters with
student-loan debt," Andrew Kelly, director of the Center on Higher
Education Reform at the American Enterprise Institute, and Kevin
James, a research fellow at AEI, write in an opinion piece for
the Wall Street Journal.
"Over the last several decades, colleges have learned how they
can strategically use their institutional aid dollars to increase
both their prestige and revenue," Stephen Burd writes for the
"Any rating system must recognize the tremendous diversity of
U.S. higher education institutions and the students that they
serve," Laura W. Perna writes for The Hill.
"Thousands of UC students soon could receive a check to offset some of their college-related expenses through a new state program aimed at assisting middle-class families," New America Media reports.
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