Today's News

Today's News for Thursday, December 18, 2014 
 
Brought to you by 
 

Inceptia/NSLP is a nonprofit organization providing premier expertise in higher education access, student loan repayment, analytics, default prevention and financial education. Since 1986, our mission has been to support schools as they arm students with the knowledge needed to become financially responsible adults. More information available at www.inceptia.org.


NEWS FROM NASFAA

Most Valuable Professional: David Sheridan!

NASFAA's MVP: Most Valuable Professional is an occasional series that features a brief Q&A with a NASFAA member. For this installment, we spoke with David Sheridann, director of financial aid at Columbia University School of International and Public Affairs in New York City, about the lessons he's learned throughout his career and what motivates him as a financial aid professional. Do you know a financial aid colleague with something interesting to say? Send the names of potential future MVPs and a sentence or two about why you're nominating them to news@nasfaa.org. You can also take a look back at our past MVPs to read any you missed the first time around.

How Does Your Office Celebrate The Holidays?

From decorations and parties to charity drives and going the extra mile for students, financial aid administrators play a large role in spreading holiday cheer on campuses around the country. Send us pictures of your office decorations, holiday parties, etc. along with a one or two sentence caption about how your office celebrates the holidays and we'll select some pictures to share on NASFAA's Facebook page. Please send submissions to news@nasfaa.org.

Be One Of The First To Earn Your Federal Methodology NASFAA Credential

For the first time ever NASFAA University will offer a facilitated online course on Federal Methodology. This beginner level course and credential test will focus on the calculation of a student's expected family contribution (EFC), and includes educational lessons on the regular and simplified formulas as well as recalculations. Presentations, discussion topics, and homework assignments reinforce key course concepts. A NASFAA Credential is provided after successfully completing and passing the credential test, which is available at the conclusion of the course and included in your course fee. Class begins January 26, 2015, register today!

One Tool To Increase Your Productivity

Is increasing work productivity one of your goals for the new year? We have a quick solution! The Student Aid Index, an online tool exclusively for NASFAA members, will directly connect you with the financial aid answers you need – cutting down search time and upping your productivity potential. Don't put this resolution off till next year – start using the Index today! 

U.S. DEPARTMENT OF EDUCATION

12-17: 2015-2016 FAFSA on the Web Preview Presentation

To assist the community with the 2015-2016 Free Application for Federal Student Aid (FAFSA®) processing cycle, the Department of Education has provided a Microsoft PowerPoint presentation containing information and screen shots pertaining to the 2015-2016 FAFSA on the Web site.

HEADLINES

National News

Obama Administration To Unveil College Ratings Plan

"The U.S. Department of Education will release a much-anticipated outline of its college ratings system on Friday, according to several sources familiar with the department's plans," Inside Higher Ed reports.

Report: Pay Off Student Debt Like Social Security

"It sounds like a simple solution: Enroll student loan borrowers in an income-based repayment plan, and they'll have no reason to miss payments and get into financial trouble. But expanding that repayment method to millions of borrowers could lead to unintended consequences that could further burden those in debt, according to a new report from youth advocacy group Young Invincibles, Washington-based think tank the New America Foundation and the National Association of Student Financial Aid Administrators," U.S. News & World Report writes.

Senate Approves Top Ed Dept. Lawyer, Punts On Pick For Higher Ed Post

"As it wrapped up its final hours in session this week, the U.S. Senate confirmed a new top lawyer at the Education Department while failing to approve a nominee for a key higher education post," Inside Higher Ed reports.

Payroll Withholding Offers New Path For Income-Based Repayment By Student Loan Borrowers

"Enrolling Americans with student loan debt in an automatic Income-Based Repayment system and automating their repayments through employer payroll withholding could substantially simplify the student loan system and lessen the number of loan defaults, contends three higher education research and advocacy organizations in a new policy paper," Diverse: Issues in Higher Education reports in an article that cites a new report from NASFAA, New America, and Young Invincibles.

2 Takes On Student-Loan Defaults: Is The Glass Half-Full Or Half-Empty?

"There's good news, and somewhat discouraging news, in the Education Department's latest data on student-loan repayment," The Chronicle of Higher Education reports.

Posse Foundation Announces Scholarship Recipients, Celebrates 25 Years

"The Posse Foundation, which is celebrating its 25th year of existence, announced the 680 scholarship recipients from the high school class of 2015, on Tuesday," Diverse: Issues in Higher Education reports.

State News

Arizona: Phoenix Man Sentenced In Student Aid Fraud Case

"A Phoenix man has been sentenced to 2 ½ years in prison for his role in a federal student aid fraud ring," The Associated Press reports.

Blogs and Think Tanks

To Reduce Loan Defaults, Automate Payroll Withholding, Report Says

"With student-loan default rates rising, a growing number of policy makers, think tanks, and advocacy groups are calling for automatically enrolling some or all borrowers in income-based repayment, or IBR," The Chronicle of Higher Education's The Ticker blog reports, in a post that cites a new report from NASFAA, New America, and Young Invincibles.

Law School Enrollment At Lowest Level Since 1987

"Law school enrollment fell again this fall," The New York Times' DealBook blog reports.

FAFSA4caster: Is It Accurate?

"Prospective college students can use the FAFSA4caster, available online through the U.S. Department of Education, to estimate how much federal aid they'd be eligible to receive. But is it the most accurate tool out there?" NerdWallet's NerdScholar blog asks.

NASFAA UNIVERSITY

NASFAA CAREER CENTER

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