Today's News

Today's News for Tuesday, May 05, 2015 
 
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FATV: Educating students and supporting staff for over 10 years! Over 4 million online videos watched this past year via our award-winning GetAnswers service. Plug and play technology that is easy to customize and simple for schools to implement. Available 24/7. For a school demo or estimate, visit http://www.financialaidtv.com or call 888-704-9090.


NEWS FROM NASFAA

Survey Says ...

NASFAA recently asked our members to weigh in on whether to rebrand Expected Family Contribution (EFC) and, if so, what the new name should be. Of the 340 completed surveys, "Federal Aid Index" and "Federal Aid Eligibility Index" each received 91 votes, followed by "Federal Aid Indicator" with 46 votes. But the majority of votes -- 112 -- went to "Other," with respondents suggesting things like Federal Student Aid Eligibility Index or FAFSA Score. Check out our results for the full list of suggestions from your colleagues!

Growing Number Of Schools, Education Bodies Work To Combat Summer Melt

As summer looms, high school students across the country have much to look forward to, including graduation and college enrollment. But for a large number of these students, the summer months present unexpected obstacles to college, including difficulties in accessing financial aid.

NASFAA Invites Applications For Assistant Director of Federal Relations

NASFAA seeks to hire an Assistant Director of Federal Relations with experience and skills in public policy and advocacy to become a member of the Policy & Federal Relations team. This is a DC-based position. The person selected will operate in a fast-paced environment and will manage multiple tasks simultaneously. Excellent communication and presentation skills and a strong understanding of federal legislative processes is required. Applications received by Friday, May 15 will be given priority. For full details visit NASFAA's Career Center.

April 2015 Top AskRegs Knowledgebase Q&As

AskRegsTNWondering if retirement income should be counted as untaxed income? How about whether you can award a Direct Loan for the entire academic year if a student regains SAP eligibility mid-year? 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.

Final Day To Register for NASFAA U Online Course - Cash Management

Class starts today - this is your final chance to register for our advanced level online course which focuses on methods for drawing down Title IV funds and the program-specific requirements for disbursing federal aid. You will also be introduced to cash management notification and authorization requirements. A 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.

Register Today for NASFAA's May 20 Webinar on Cohort Default Rate Issues

Cohort Default Rates (CDR) are becoming more and more a concerning factor for schools. This webinar, held Wednesday, May 20 at 2:00pm ET, will help you to better understand your CDR and how it impacts your school and students. Panelists and presenters will provide an overview of CDR and discuss the challenges and appeals processes. At a cost of just $115 for members, $230 for non-members, and at no additional fee for webinar package purchasers, this is one you won't want to miss. Register today! 

U.S. DEPARTMENT OF EDUCATION

5-04: FSA ID/PIN Replacement - How to Create an FSA ID Guide

In advance of the May 10, 2015 implementation of the FSA ID, the Department of Education is pleased to provide a one-page resource for students, parents, and borrowers.

HEADLINES

National News

Debt Relief Battle Continues

"Corinthian Colleges' declaration of bankruptcy on Monday finalizes the for-profit college's unprecedented collapse that has morphed into a political firestorm for the Obama administration -- which U.S. Department of Education officials are racing to extinguish," Inside Higher Ed reports.

Who's To Blame For Rising Tuition?

"Public university students today pay $3,000 more than their counterparts a decade ago. Why that is depends on whom you ask," Inside Higher Ed reports.

The Case For Student Loans As Worthwhile Investments

"The horror stories are out there. People have racked up as much as $100,000 or $200,000 in student loans while pursuing a degree. But they're not the norm," Education Dive reports.

Chrysler To Offer Free College Tuition To All Dealership Employees

"First Starbucks, now Chrysler. On Monday, the United States division of Fiat Chrysler Automobiles will announce that it will offer free college tuition to the 118,000 employees at its Chrysler, Jeep, Dodge, Ram, and Fiat dealerships," Fortune reports.

Making A Big Deal Of College Signing Day

"For years, the days on which high school athletes have committed to various colleges have been covered by the press as a big deal. Now government, school and college officials are trying to do the same for nonathletes, with May 1 as College Signing Day," Inside Higher Ed reports.

State News

District of Columbia: Howard U. Asks Alumni To Help Clear Student Debts Before Graduation

"A couple weeks before Howard University's 147th commencement, its president e-mailed tens of thousands of alumni with an urgent and unusual appeal on behalf of 180 seniors in the class of 2015: Help the students pay off their debt so they can get their diplomas," The Washington Post reports.

Blogs and Think Tanks

Students Need More Info On Alternatives To Baccalaureate Path, Report Says

"The push to get high school student on the path to college is working: New research shows that 86 percent of on-time high school graduates attend college within eight years," according to Education Week's College Bound blog.

Attainment, Completion, And The Trouble In Measuring Them Both

"Here's a seemingly simple question: How have the educational-attainment rates of various groups of Americans changed over the years?" The Chronicle of Higher Education's Data Points blog asks.

INDUSTRY NEWS

NASFAA UNIVERSITY

NASFAA CAREER CENTER

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