Today's News

Today's News for Monday, December 22, 2014 
 
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NEWS FROM NASFAA

Ratings System Framework Brings Questions, Few Answers

Arriving on the final official day of fall, the much-anticipated framework of the Obama administration's planned college rating system is long on ambition but short on details. Less a fully-formed rating system and more an outline of what a final product might eventually look like, the framework offers about a dozen potential metrics being considered by the Department of Education (ED) and asks for feedback from the higher education community by February 17.

Report: Decline in State Funds, Increases in Tuition Make College Affordability Even More Difficult

State funding for public institutions declined by 12 percent from 2003 to 2012 while tuition costs increased, making it more difficult for students and families to afford college, according to a recent report from the Government Accountability Office (GAO).

2015 NASFAA Election Slate Announced

The Nominations and Elections Committee is pleased to announce the 2015 slate for National Chair-Elect and Representatives-at-Large to the NASFAA Board of Directors. Voting representatives (primary contacts) at NASFAA member institutions will receive an invitation by email to cast their vote online on or around Monday, January 12. Learn more about the candidates by reading through each person's statement of candidacy and resume. The elections will close on or around Friday, January 23. Thanks to all who agreed to run for NASFAA office!

AskRegs Knowledgebase Answers: Are Child Care Reimbursements for Foster Care or Adoption Assistance Considered Untaxed Income?

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

With the holiday season upon us, and the House and Senate on recess, there are not any events of note this week. The D.C. Docket will return the week of January 5. In the meantime, check out our 2014: A Year In Review For Financial Aid article for a look back at some of the biggest events, issues, and news stories in the financial aid community. Email us at news@nasfaa.org if you're aware of upcoming policy events that could be of interest to the financial aid community and stayed tuned to Today's News for coverage of policy events in the new year.

U.S. DEPARTMENT OF EDUCATION

12-19: 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.

FEDERAL REGISTER

Notice: Negotiator Nominations and Schedule of Committee Meetings - William D. Ford Federal Direct Loan Program

The Department of Education has announced its intention to establish a negotiated rulemaking committee to prepare proposed regulations governing the William D. Ford Federal Direct Loan (Federal Direct Loan) Program authorized under Title IV of the Higher Education Act of 1965, as amended (HEA), requests nominations for individual negotiators who represent key stakeholder constituencies for the issues to be negotiated to serve on the committee, and set a schedule for committee meetings.

HEADLINES

National News

Senate Banking Chair Urges Student Loan Reform

"Senate Banking Committee Chair Tim Johnson (D-S.D.) is concerned about the economic impact of student loans on borrowers and their families and has called several government agencies to take coordinated action to address those issues, especially loan servicing and debt collection," Credit Union Times reports.

State News

Senators: Erasing Debt Could Recruit More SC Teachers

"Senators say forgiving student loans, paying teacher mentors a stipend and boosting some teachers' salaries could be ways to recruit and keep good teachers in South Carolina," The Associated Press reports.

Mississippi Universities Win Final OK To Raise Tuition

"Mississippi's College Board gave final approval Thursday to plans for the state's eight public universities to raise tuition by an average of 3.2 percent this fall," The Associated Press reports.

Blogs and Think Tanks

Analyzing Colleges' Graduation Rates For Low-Income Students

"U.S. News has used exclusive data to analyze how successful colleges and universities have been at graduating their low-income students compared with their overall student bodies," according to U.S. News & World Report's Morse Code blog.

NASFAA UNIVERSITY

NASFAA CAREER CENTER

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