Today's News for
Monday, September 15, 2014
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NEWS FROM NASFAA
As work moves forward with President Barack Obama's proposed
college ratings system, the Department of Education should more
clearly articulate what it aims to achieve with such a system,
NASFAA Assistant Director of Federal Relations Jesse O'Connell
testified Friday before the Advisory Committee on Student Financial
Affairs. "The types of students enrolled at postsecondary
institutions can vary widely," O'Connell said, adding that it is
NASFAA's "belief that any rating system must adjust postsecondary
outcomes for inputs such as the academic experience and backgrounds
of entering students."
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. This week, the Urban Institute will share findings from the Kids’ Share project and the American Council on Education will hold part 3 of 3 of its Faculty and Staff Training on Military Student Populations webinar series. Be sure to read Today's News next Monday for a rundown of the upcoming events for the week, and keep an eye out for additional coverage of some of The D.C. Docket events.
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.
The Department of Education is accepting applications for participation in the new institutionally-based experiments under the Experimental Sites Initiative.
As a reminder to all schools that participate in the Federal Perkins Loan (Perkins Loan) Program, the Department of Education is providing the following key program requirements concerning administrative responsibilities and reporting requirements.
In accordance with the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Chief Operating Officer for Federal Student Aid of the U.S. Department of Education publishes this notice to revise the system of records entitled "Common Services for Borrowers'' system (18-11-16), originally published in the Federal Register on January 23, 2006 (71 FR 3503).
"At a Senate Committee hearing this week, the Government
Accountability Office, a research arm of the Congress, reported
that 155,000 people last year had their Social Security checks
docked to pay off a delinquent student loan. ... None of
these reports, however, explains that the government doesn't
actually consider Social Security and similar benefits as income
under its income-based repayment plans for student loans," Jason
Delisle writes for Forbes.
"States last year doled out roughly the same amount of student
aid money in 2012-13 as they did the previous year, but they
increased the share of money flowing to students based on financial
need, according to a new survey published Monday," Inside
Higher Ed reports.
"Police at the College of Marin are investigating 23 individuals
suspected of posing as students in a plot to steal $200,000 in
federal financial aid, some of which has already been paid out by
the college," The San Francisco
"Lincoln University's promise got Aitza Hedgemond's attention:
The incoming freshman's annual tuition would remain at $11,836 all
four years, guaranteed," The Philadelphia
Inquirer reports. "'Certainly this is something that has
been coming up more in the past several years,' said Megan McClean,
director of policy and federal relations for [NASFAA]. 'We think
it's always beneficial when you can provide predictability for
students and parents.'"
"Taking the hard line with its finances, Kentucky State
University released 645 of its students from enrollment for unpaid
or neglected accounts on September 2. Just a week later, KSU has
taken 452 of those students back," Diverse: Issues in
Higher Education reports.
"One reason the United States has not made more progress against
poverty is that our interventions come too late," Nicholas Kristof
and Sheryl WuDunn write in an opinion piece for The New
"Earlier this year, the Obama administration revived an effort
to target for-profit colleges through a proposed rule on 'gainful
employment.' If implemented, this ill-conceived regulation will
prove a huge blow for low-income working families and students from
underserved communities, including single parents, veterans and
minorities," Mario H. Lopez, president of the Hispanic Leadership
Fund, writes for The Hill.
Blogs and Think Tanks
"It's easy to ignore your student loans while you're in school -
if no bills are due, why would loan payments be on your mind? It's
a practical strategy to wait till you've graduated to start
repaying your debt, but you can make your loans more affordable if
you start chipping away at it early," Credit.com reports in its
blog. The blog features comments from NASFAA's Megan McClean and
"New data out this week paint a less-then-flattering portrait of
the U.S. education system," The Washington
Post's Wonk Blog reports.
"Education is supposed to be America's primary engine for social
mobility, but growing economic inequality is vividly reflected in
our nation's top colleges," The New York Times' The
Upshot blog reports.
NASFAA CAREER CENTER