Today's News for
Wednesday, August 20, 2014
Great Lakes. Ready for fall aid processing
tasks? We can help! Check out our SmartSessions™ schedule at home.mygreatlakes.org for training on how to
respond to September's draft cohort default rates, create sound
policy and procedure manuals, and process the timely return of
Title IV funds. All of our webinars are designed to help you meet
critical training needs throughout the year.
NEWS FROM NASFAA
In this debut video of The Policy Brief, an occasional video series designed to give members a quick glimpse into what NASFAA's policy team is working on, Managing Director of Policy & Federal Relations Megan McClean and Assistant Director of Federal Relations Jesse O'Connell explain what the reauthorization of the Higher Education Act is and discuss how members can get involved with NASFAA's advocacy efforts. Watch the video now and visit our Reauthorization Web Center and the Advocacy section of our website for more information.
Changes to the FICO credit score calculations have the potential
to increase the scores of some consumers, including private student
loan borrowers. The new score is designed to be "more predictive"
of the likelihood of debt repayment than previous iterations of the
Be one of the first to earn a Campus-Based Programs Credential from NASFAA University! For the first time ever NASFAA U will offer an online course on the campus-based programs. The course and credential test will focus on options for using funds, including transferring funds between programs and carry forward/carry back provisions, awarding criteria for FSEOG, the community service requirements for Federal Work-Study, and the disclosure and counseling requirements, as well as repayment features, for the Federal Perkins Loan. Class starts Tuesday, September 16 and spots are limited, so register today to secure your place.
How do you prefer to connect with your peers online? Perhaps you love browsing Facebook, getting the latest tweets from other financial aid professionals, viewing videos, or joining discussions with your colleagues on LinkedIn. No matter your preferred social media channel, NASFAA has a way to engage with your national association and peers across the country. Get access to photos, news, updates from NASFAA, and more! Like us on Facebook, follow us on Twitter, connect with us on LinkedIn, and subscribe to our YouTube channel.
U.S. DEPARTMENT OF EDUCATION
The Department of Education's federal offices as well as its Title IV processors and contact centers will be closed on Monday, September 1, 2014 to observe the Labor Day federal holiday.
This letter announces Federal Student Aid’s instructor-led, Fundamentals of Federal Student Aid Administration training workshops scheduled for October 2014 through September 2015.
"Students are most likely to be successful in transferring
academic credits when they have higher grade-point averages and
move between community colleges and four-year institutions,
according to a new federal study released
Wednesday," Inside Higher Ed reports.
"Girls are trailing boys in markers of financial fluency at
young ages - at least according to a survey from Baltimore-based
investment manager T. Rowe Price Group Inc," the Baltimore
Business Journal reports.
"Jim Jeffords, the former Vermont senator who single-handedly
tipped the balance of power in the Senate in 2001 when he left the
Republican Party, has died. He was 80 years old," the Wall
Street Journal reports. Jeffords served as chairman of the Senate Health, Education, Labor and Pensions Committee.
"Millions of unemployed Americans ... have trained for new
careers as part of the Workforce Investment Act, a $3.1 billion
federal program that, in an unusual act of bipartisanship, was
reauthorized by Congress last month with little public discussion
about its effectiveness. ... [M]any have not found the promised new
career," The New York Times reports.
"Oregon's attention-getting proposal to offer students
tuition-free college if they agree to repay a small portion of
their earnings for years afterward got the official thumbs down
from Oregon's higher education board this week," The
"The University of Central Florida has instituted a policy that
could prevent students from receiving financial aid on time. A new
policy states that a student must complete one assignment during
the first week of classes in order to receive their financial aid
disbursement," Florida Today reports.
Blogs and Think Tanks
"Much has improved in American creditworthiness since the
darkest days of the recession. … There's one big exception: Student
borrowers, who are by far the fastest growing segment of troubled
debtors," The Wall Street
Journal's Washington Wire reports.
"Federally-funded job training programs have a reputation
problem in the United States, often serving as scapegoats for the
very problems they are trying to alleviate - unemployment, skill
gaps, and economic insecurity, to name a few. But they've never
been held responsible for students taking on large amounts of debt
to finance their
education," EdCentral reports.
"In journalism, 'burying the lede' refers to putting the most
interesting part of a story so deep within it that casual readers
may miss it. ... The New York Times did
something similar ... in a story on WIA, or the Workforce
Investment Act," according to Inside Higher Ed's
Confessions of a Community College Dean blog.
"These are difficult times for higher education in America. At
all but the nation's top colleges and universities, enrollments are
down and budgets are strapped," Scott D. Gerber writes
for The Huffington Post's The Blog.
NASFAA CAREER CENTER