Today's News for
Monday, March 10, 2014
Administering financial aid is not always easy. If your school
needs assistance with interim staffing, evaluating requirements for
new programs, resolving compliance issues, or other general support
for your financial aid operations, Evans
Consulting has the expertise to help. Call (202) 465-4766
or contact us online.
NEWS FROM NASFAA
Wondering if the amounts forgiven under a particular loan forgiveness or discharge provision are currently taxable? What about whether the amounts forgiven would be taxable under the republican party's Tax Reform Act of 2014 or the Obama Administration's fiscal year 2015 Budget? This simple chart on the Taxability Of Certain Loan Forgiveness And Discharge Provisions can help!
Do you have questions about whether a student with a Pell Grant
Lifetime Eligibility Used amount of 600.006% can still
receive Title IV aid? How about whether a school is required to
verify a student initiated attendance in classes before disbursing
aid? Take a look back at last month's most viewed AskRegs Q&As.
If you have a question that's not on the list, you can find a
credible and reliable answer on the AskRegs Knowledgebase site by
browsing or searching the answers provided by our Training and
Regulatory Assistance staff. You may also submit your own question
using the Request Support feature.
The list of individuals who have successfully earned one (or more!) of the NASFAA professional credentials has just been updated. Each person had to demonstrate knowledge in the a specific financial aid subject area and pass the respective test with a 90 percent to earn their credential in one of nine areas. Check out our list of credential earners and join your peers in earning professional credentials.
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.
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 Obama administration's proposed rating system for colleges
is clearly one of the most important issues facing higher education
right now, and getting a White House nominee for a top
higher-education post in a room, listening to colleges' concerns
about the ratings, was bound to be a hot ticket at the annual
meeting here of the American Council on Education," The
Chronicle of Higher Education reports.
"Americans with a college education are more likely than others
to report a good or very good standard of living, according to a
new poll of American adults," Inside Higher
"America's colleges and universities are quietly shifting the
burden of tuition increases onto low-income students. Yet many
wealthy families are seeing their costs rise more slowly, or even
fall, an analysis of federal data shows," The Dallas
Morning News reports.
"College presidents generally agree that their institutions
should be reporting much more information about the career and
other outcomes of their graduates -- they just don't necessarily
want the federal government doing it, Inside Higher
Ed's new survey of college presidents
reveals," Inside Higher Ed reports.
"The 100 square inches of space on University of Michigan-Flint
senior Alex Benda's graduation cap that he's selling as miniature
billboards so he can climb out of college tuition debt have already
netted him thousands of
dollars," MLive.com reports.
"Junior Sierra, who arrived in Norwalk from Honduras at the age
of 6, was one of a few dozen students who delivered petitions
Thursday urging the state Board of Regents for Higher Education to
change regulations that prevent undocumented students from getting
financial aid awarded by the state's public universities and
colleges," The Hartford Courant reports.
"Recent news on student-loan debt shows that the average
borrower graduates with a total debt of $29,400. According to other
recent news, the average price paid in December for a new car in
the United States was $32,890," Robert L. Burns, retired
of Peru State College, writes in an opinion piece for The
Chronicle of Higher Education.
Blogs and Think Tanks
"Here's some potentially good news for low-income students:
Democrats and at least some Republicans agree that Pell Grants
should no longer be taxed," Ed Central
Boston University is seeking information from lenders offering student and parent educational loans for the 2014-2015 academic year through a Request for Information (RFI) process.
NASFAA CAREER CENTER
- Systems Analyst, Azusa Pacific University, Azusa, California
- College Support Counselor, EPIC Academy, Chicago, Illinois
- Director of Student Financial Services, The Art Institute of Nashville Tennessee, Nashville, Tennessee
- Financial Aid Advisor, Heritage College, Oklahoma City, Oklahoma