Today's News for
Thursday, July 24, 2014
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NEWS FROM NASFAA
Yesterday, the House of Representatives passed two bills related
to the reauthorization of the Higher Education Act- HR 4983
Strengthening Transparency in Higher Education Act and HR 3136
Advancing Competency-Based Education Demonstration Project Act of
2013. Originally introduced in June, the bills were marked-up and
passed out of committee in the second week of July.
The Department of Education (ED) announced Tuesday a new round
of "experimental sites" that will test new and innovative practices
to help students in achieving academic and career success. Under
the Higher Education Act (HEA) of 1965, as amended, the
Experimental Sites Initiative (ESI) permits ED to waive specific
statutory or regulatory requirements at participating postsecondary
institutions. In keeping with the college affordability agenda
President Obama rolled out last summer, the experimental site
schools will be able to offer aid for competency-based programs
where students are able to progress at their own pace, and for
prior-learning assessments, which may be particularly helpful for
nontraditional or adult learners.
During a NASFAA-hosted webinar on Wednesday, financial aid
administrators shared their experiences with managing default rates
at their community colleges and their decisions on whether or not
to participate in the federal student loan programs.
U.S. DEPARTMENT OF EDUCATION
The New National Student Loan Data System (NSLDS) Enrollment Spreadsheet Submittal Format is now available on the Federal Student Aid Download (FSAdownload) Web site.
Beginning July 21, 2014, FFEL Program guaranty agencies can enroll for the new Total and Permanent Disability (TPD) Loan Holder Notification service via the SAIG Enrollment Web site.
Updated setup information for the Student Aid Internet Gateway (SAIG) has been posted on the Foreign School Information Web page.
The NSLDS Enrollment Reporting Guide (July 2014) is attached in Portable Document Format (PDF).
"The U.S. House on Wednesday unanimously passed legislation
boosting competency-based education and overwhelmingly approved an
overhaul of how the Education Department discloses college
data," Inside Higher Ed reports.
"The U.S. Treasury, which finances more than 90 percent of new
student loans, is exploring ways to make repayment more affordable
as defaults by almost 7 million Americans and other strapped
borrowers restrain economic
growth," Bloomberg reports.
"Potentially tens of thousands of students awarded a Pell Grant
or other need-based federal aid for the coming school year could
find it taken away because of a mistake in filling out the form,"
the Associated Press reports. "'Students who
have questions should definitely look at their financial aid report
or check in with their financial aid office if they think there may
have been an error,' said Justin Draeger, president of
"For generations, [historically black] colleges and universities
have played a key role in educating young African-Americans ... But
facing often steep declines in enrollment, these schools are
struggling to survive," The Washington
"President Obama took steps to overhaul federal job training
programs on Tuesday, announcing new executive actions and signing
new workforce investment legislation," Inside Higher
"The University of Pennsylvania's Graduate School of Education
(Penn GSE) hosts an annual joint business plan competition with the
Milken Family Foundation to identify and reward ed tech startups
which challenge the status quo surrounding modern
curriculum. In 2013, Raise [with its revolutionary approach to
financial aid] was the big
winner," Forbes reports.
"A decline in high school graduates and students applying to
more institutions are what one expert sees as the two main reasons
more colleges and universities are struggling to meet their
admission yield targets," University
"Legislation designed to prevent for-profit colleges from gaming
the federal aid system and exploiting veterans died within 15
minutes of being introduced this month," according to the Center
for Investigative Reporting.
"Discover Financial Services said its second-quarter profit rose
7%, driven by widespread loan growth and strong credit
performance," The Wall Street
Blogs and Think Tanks
"Legislation that the U.S. House of Representatives is
considering this week would significantly simplify higher education
tax breaks for students and their families - but would do so at an
exorbitant price," The New America
Foundation's EdCentral reports.
NASFAA CAREER CENTER