Today's News for
Monday, March 02, 2015
FATV: Educating students
and supporting staff for over 10 years! Over 4 million online
videos watched this past year via our award-winning GetAnswers service. Plug and play
technology that is easy to customize and simple for schools to
implement. Available 24/7. For a school demo or estimate, visit http://www.financialaidtv.com
or call 888-704-9090.
NEWS FROM NASFAA
NASFAA's 2015 Leadership and Legislative Conference and
Expo kicked off on Sunday with sessions focused on what to
expect when leading a financial aid office in the first year and
how to effectively lead change within a state or regional
With the National College Access Network (NCAN) at the helm,
College Goal Sunday will undertake a new FAFSA completion campaign
in 2017. NASFAA will collaborate with NCAN and serve in an advisory
capacity on its new steering committee.
NASFAA, along with several other higher education associations, will join Congressman Danny K. Davis (D-IL) next week in spreading the word about education tax breaks. Each year millions of families save more than $1,000, on average, through higher education tax breaks—but many others needlessly miss out. Using the hashtag #TaxBreaks4Students, the campaign will seek to encourage students to look into IRS resources to see whether they qualify. Colleges, universities, education associations, and student advocacy groups, are also being called upon to help students to better understand these benefits and the value they hold.
Meet NASFAA's Operational Support team! Though they largely
operate behind the scenes, this team makes sure NASFAA is up and
running, handling everything from meetings and travel to accounting
and human resources.
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. Make sure to check back in to Today's News each morning for coverage of some of the events, and email us at email@example.com 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 March 2.
U.S. DEPARTMENT OF EDUCATION
Adjustment Payoff Manifests are used by loan holders to notify consolidation servicers of overpayments or underpayments of loan payoffs in the loan consolidation process.
This is the second in a series of announcements that will provide operational information about the changes to the Direct PLUS Loan adverse credit history provisions. In two attachments to this announcement, the Department highlights the COD System changes we will make specific to the new mandatory PLUS Counseling for parent and graduate/professional student Direct PLUS Loan applicants who are determined to have an adverse credit history, but qualify for a Direct PLUS Loan by obtaining an endorser or documenting extenuating circumstances.
This is the third in a series of announcements that will provide operational information about the changes to the Direct PLUS Loan adverse credit history provisions. In an attachment to this announcement, the Department highlights the COD System changes we will make to determine when an applicant has an adverse credit history and to allow a credit check to remain valid for 180 days instead of the current 90 days.
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 U.S. Department of Education said Friday it will end
contracts with five companies that collect defaulted federal
student loans after finding they made 'materially inaccurate
representations' to struggling borrowers," Inside Higher
"A group of Senate Democrats, led by Elizabeth Warren of
Massachusetts, urged the government to offer relief to distressed
borrowers this week, even if that dampens the profit it makes from
collecting on people with outstanding
loans," Bloomberg reports.
"Income inequality will be a hot button issue as the 2016
election approaches. ...The new Center for American Progress (CAP)
study, 'College for All,' is the first installment of a study that
will propose ways to bring people into higher ed that have been
shut out-the first step toward income
equality," MainStreet reports.
"A mid-winter ritual is on millions of families' calendars this
month, and it wasn't about asking a large rodent named Phil for a
weather forecast," The Deseret News reports.
"President Obama recently praised a City University of New York
experiment to help more students graduate from community college.
So did faculty unions, which have pushed back hard on other ideas
that emanate from CUNY's central office," Inside Higher
"Wyoming Catholic College has announced that it will quit
participating in the federal student-aid programs in order to avoid
having to comply with federal regulations that it describes as
burdensome and 'clearly troubling for faith-based
institutions,'" The Chronicle of Higher
Education's The Ticker reports.
"This week a group of former students calling themselves the
Corinthian 15 announced that they were committing a new kind of
civil disobedience: a debt strike. They are refusing to make any
more payments on their federal student loans," Astra Taylor writes
in an opinion piece for The New York Times.
"The past 15 years has been economic rough going and we've all
read alarming news about jobless, indebted college graduates,"
Phoebe Venable writes in an opinion piece in The
Blogs and Think Tanks
"As our higher education system gets costlier, taking on student
debt gets easier," Bob Hildreth, founder and executive director of
FUEL Education, writes in The Huffington
Post's The Blog.
NASFAA CAREER CENTER