Today's News for
Thursday, October 30, 2014
Inceptia/NSLP is a nonprofit
organization providing premier expertise in higher education
access, student loan repayment, analytics, default prevention and
financial education. Since 1986, our mission has been to support
schools as they arm students with the knowledge needed to become
financially responsible adults. More information available at www.inceptia.org.
NEWS FROM NASFAA
Financial aid administrator John wants to update his institution’s financial aid award letter to clearly delineate between grants, loans, and other forms of aid. The institution’s administration doesn’t mind emphasizing gift aid, but fears that emphasizing the repayment aspect of loans will scare prospective students away. In the debut of this new series, Exploring Ethics, we ask three aid administrators how they would handle this situation. How would you advise John?
Under the Higher Education Act of 1965, financial aid
administrators have the authority to make Professional Judgment
(PJ) adjustments for students who have special circumstances. We're
curious: What is the PJ adjustment request related to cost of
attendance (COA) your office receives most frequently? Please take
a second to complete this poll to let us know what type of request
you get most often. Once you've submitted your answer you'll be
able to see how your office compares to that of your peers. Take the poll now!
A new online tool from the University of Texas System aims to
help students make more informed decisions about their education
and future careers by offering comprehensive data on employment
outcomes of UT graduates.
NASFAA’s 2015 Conference Program Task Force is requesting interest session proposals for the 2015 NASFAA National Conference, set for July 19 - 22, 2014 in New Orleans, LA. The Task Force recognizes that an outline or detailed description may not be available at this early date. Sessions may be submitted without the detailed description and may be selected conditionally if space permits. Check out the guidelines for submitting a proposal and use the online submission form to submit your session by 5:00 pm ET tomorrow.
To date, there have been 605 NASFAA Professional Credentials earned across 10 subjects. View our Credentials Honor Roll to see our growing list of Credential earners, and learn how to receive your Professional Credentials. Once you’ve earned yours, you can add it to your resume in NASFAA's Career Center and narrow down your job search to positions that are looking for applicants with NASFAA Credentials.
U.S. DEPARTMENT OF EDUCATION
The Department of Education announces that it will convene its first Servicing Summit on Monday, December 1, 2014, in advance of the 2014 FSA Training Conference for Financial Aid Professionals being held in Atlanta, Georgia.
This announcement provides a reminder of the deadline for these actions as well as information to help schools accomplish any changes to the Fiscal Operations Report for 2013-2014 and the Application to Participate for 2015-2016 (FISAP) and correction of any edit errors must be submitted to the Department of Education.
"For many students, what they'll pay to attend college isn't
clear. But paying for college doesn't have to remain a mystery,"
according to U.S. News & World Report. "'While [online tools]
might not be able to offer a precise number, they give families a
ballpark,' says Megan McClean, the National Association of [Student] Financial Aid Administrators' managing director of policy and
"The Education Department will release on Thursday the final
version of its 'gainful employment' rule-the subject of years of
intense debate, revision, and litigation," The Chronicle
of Higher Education reports.
"A $10 million gift to Yale University will go toward
scholarships for low-income Chinese students," Inside
Higher Ed reports.
"For some years now, Sen. Richard J. Durbin, a Democrat from
Illinois, has waged a war against for-profit colleges and
universities," Paul Alexander writes in a commentary piece
for Roll Call.
Blogs and Think Tanks
"There's a debate whether a recent boom in online-university
courses democratizes higher education, or provides a playground for
the wealthy," The Wall Street
Journal's Digits reports.
"The government has stacked the financial aid system in favor of
debt. You can get a 10-year term loan with a four-year grace at cut
rates with no credit check. Oh, and much of the loan may be
forgiven. It's the sweetest loan in America," Bob Hildreth, founder
and executive director of FUEL Education, writes The
Huffington Post's The Blog.
NASFAA CAREER CENTER