Today's News for
Wednesday, May 27, 2015
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NEWS FROM NASFAA
On Friday May 22, the Department of Education (ED) posted its guidance regarding Title IV eligibility for students without a high school diploma who demonstrate an ability to benefit from postsecondary education, in Dear Colleague Letter (DCL) GEN-15-09. The guidance is in response to a change in the law made last December that reinstated student eligibility under a modified ability-to-benefit (ATB) provision. The reinstatement comes after the total loss of the ability-to-benefit provision, except for grandfathered students, in the fiscal year (FY) 2012 final appropriations bill.
aid offices around the country, summer sessions can bring a whole new set of challenges and complications. This webinar will provide an overview of some of the basic concepts related to awarding and disbursing Title IV aid for summer. The topics discussed
will include: important issues to consider first when awarding summer aid, selecting summer program formats, selecting the award year EFC, prorating summer EFCs, calculating summer COAs, and determining enrollment status. The webinar is offered at no additional
cost to NASFAA members, but pre-registration must be completed by Monday, June 8 at 3:00 pm ET.
New Orleans is a fun city and we are making it even MORE fun! Sign up for our ScanTrivia game today and start earning points right away. Answer trivia questions about NASFAA, New Orleans, and conference exhibitors to earn points. Using your mobile device, scan the first QR Code right now on the website to earn your first 25 points. You have to play to win. Rewards will be given throughout the conference and the final reward will be handed out Tuesday at the Awards Lunch. Save $100 by registering for the conference before June 5.
NASFAA’s Journal of Student Financial Aid (JSFA) is looking for financial aid administrators to serve as peer reviewers to assess the quality of articles and their practical implications before they are published. Think you’ve got what it takes to be a peer reviewer? Apply by May 29 for a one-year term and help us keep the JSFA informative, timely, and enjoyable to read!
CORE is a comprehensive set of instructional materials for teaching financial aid fundamentals to individuals with less than two years experience. CORE’s 14 modules cover financial aid administration from A to Z and its flexible design allows you to use it for teaching small or large groups. If you have never tried CORE, purchase and download one module at a time to see if it meets your staff training needs. If you are a Value or Value Plus member, CORE is included in your membership package, so there is no additional cost for you to download it.
"...Many myths circulate about the impact of 529 savings plans
on a person's ability to receive financial aid or attend certain
colleges," Employee Benefit News reports. "The
National Association of Student Financial Aid Administrators
attempts to debunk three myths surrounding the 529 plan."
"There is a lot you need to know about your finances. So, I'm
giving you a pass if you don't know what a 529 plan is. And many of
you don't, according to a recent survey by Edward Jones
Investments," Michelle Singletary writes for The Washington Post's Color of Money column. "[Y]ou should also be
aware that with prepaid tuition plans, if your child chooses an
out-of-state school, you may have to make up any difference in
tuition prices, the National Association of Student Financial Aid
Administrators points out."
"Criminals used stolen data to gain access to past tax returns of more than 100,000 people through an application on the Internal Revenue Service’s website, the agency said on Tuesday," The New York Times reports.
"The Education Department has cleared the companies that manage
its student-loan payments of wrongdoing in a yearlong investigation
into their treatment of military borrowers," The Chronicle
of Higher Education reports.
"The $1.3 trillion burden of student debt is becoming an issue
in the 2016 presidential campaign as candidates court the millions
of Americans grappling with the high cost of college," The
Washington Post reports.
"Six years ago, as a high school junior, Christopher Gray, 22,
took one look at the exorbitant cost of college and decided he'd
better line up as much scholarship money as he could. The trouble
was, finding it was like looking for the proverbial needle in a
haystack," Fortune reports.
"A program aimed at helping adults finish incomplete degrees
will be Rhode Island's newest college," Inside Higher
"It started out as an ambitious proposal: Make community college
free. Instead, Minnesota lawmakers settled on something markedly
less expensive. Starting next year, the state will offer a free
ride to an estimated 1,600 students in high-demand technical
college programs as part of a two-year pilot project,"
the Star Tribune reports.
"Students at more of Georgia's public colleges and universities
will be able to spread out their tuition and fee payments under
expanded installment plans available in the fall," The
Atlanta Journal-Constitution reports.
"Two decades ago, Harris Rosen, who grew up poor on the Lower
East Side of Manhattan and became wealthy in the Florida hotel
business, decided to shepherd part of his fortune into a troubled
community with the melodious sounding name of Tangelo
Park," The New York Times reports.
"Economists tend to be overly optimistic about growth and
prosperity, while education experts tend toward unjustified
pessimism. There's no question that more and more people are
arguing that, even if American higher education has had a golden
age, by 2040 it will be long gone," Gary Saul Morson and Morton
Schapiro write for The Chronicle of Higher
Blogs and Think Tanks
"...[Thursday], the House introduced a bill with high-profile
bi-partisan cosponsors that would 'Free up information that
currently exists, but is not currently accessible' in order to
provide students, families, taxpayers, and policy makers with
answers to critical questions about college outcomes and
value," EdCentral reports.
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