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Today's News for Tuesday, September 02, 2014 
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NASFAA Submits Comment on Higher Education Affordability Act

At the request of Senator Tom Harkin (D-IA), chairman of the Senate Health, Education, Labor and Pensions (HELP) Committee, NASFAA submitted comments on the Higher Education Opportunity Act (HEAA). The discussion draft, released in June 2014, serves as a marker for future reauthorization efforts. NASFAA's comments outline areas of support and concern with the goal of informing the final legislation that Congress will continue to work toward next year.

AskRegs Knowledgebase Answers: What Documentation Should a Student Submit to Prove He or She is Homeless?

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.

Only 12 Seats Left For NASFAA U's Campus-Based Programs Course; Register Today

Earn your Campus-Based Programs Credential from NASFAA University! Attend this interactive, online course to learn about 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. The first four weeks of the course focus on learning the materials; the final two weeks provide ample study time so you can take the credential test, which is included in your course fee. Space is running out so register today; class begins September 16!


GEN-14-17: NSLDS Program-Level Enrollment Reporting

This letter provides important information regarding changes to institutional enrollment reporting requirements to NSLDS.

8-29: 150% Direct Subsidized Loan Limit: Electronic Announcement #14 - DCL Regarding NSLDS Program-Level Enrollment Reporting, CIP Codes, and Program-Level Enrollment Status

A recent Dear Colleague Letter provides important information regarding changes to NSLDS enrollment reporting necessary to support the new 150% Direct Subsidized Loan Limit.

8-29: COD Processing Update

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.

ANN-14-22: Webinar Recording - Experimental Sites Initiative (ESI) Experiments

This letter announces the availability of Federal Student Aid's recording of a webinar that provided details about the four new experiments recently published in the Federal Register Notice.


National News 

How Economically Diverse Is Your College? A 'New York Times' Ranking May Soon Tell

"Next month [The New York Times] plans to unveil 'a new ranking of colleges and universities based on their ability to attract underprivileged kids,'" The Chronicle of Higher Education reports.

The Top Colleges That Cost The Least For Needy Students

"If you're a high school student whose parents make a combined $40,000 a year, you may think you don't have even a remote chance of being able to afford an elite, ultra-high-priced college like Harvard, Princeton or Stanford. But those schools have such large endowments ($32 billion, in Harvard's case), coupled with a commitment to making college affordable for any applicant who can overcome their challenging admissions requirements, that students from low-income households can expect to pay a fraction of the schools' sticker price of around $60,000," according to Forbes.

State News

Report Finds Student Loan Education Effort Lacking In Kansas

"A new report finds that most universities aren't offering students enough help in understanding the financial burden posed by student loans," The Associated Press reports.

Oregon Coast Community College Regains Accreditation, Allowing Financial Aid To Flow

"Oregon Coast Community College in Newport has regained accreditation by the Northwest Commission on Colleges and Universities, officials said Thursday," The Oregonian reports.

Iowa: State: La' James Cosmetology Schools Defraud Students

"Iowa authorities are suing the La' James chain of cosmetology schools, contending the schools systematically defraud students and leave them so frustrated that they often quit before graduating," The Des Moines Register reports.

Blogs and Think Tanks

Student Debt In Mind, Education Dept. Renegotiates Loan Servicers' Contracts

"The U.S. Department of Education on Friday announced it had renegotiated its contracts with federal student-loan servicers, giving them more incentives to keep borrowers from defaulting on their loans," according to The Chronicle of Higher Education's The Ticker blog, in a post that mentions the task force NASFAA and the National Direct Student Loan Coalition have formed. 

Campus-Banking Costs Can Add Up, Report Warns

"Consumer Reports reviewed campus banking products offered by nine financial companies to compare their terms and calculate their costs," according to The Chronicle of Higher Education's The Ticker blog.



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