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Today's News for Thursday, May 28, 2015 
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NASFAA Members talk PPY, Pell to Lawmakers

NASFAA members visited with congressional policymakers yesterday to stress the importance of simplification, student loan repayment, and the Pell Grant Program. Jeffrey Jacobs of North Dakota State University, Helen Faith of Lane Community College in Oregon, and Sarah Zipf of Penn State University were in D.C. participating in NASFAA’s Advocacy Pipeline – an opportunity to join NASFAA staff and visit Capitol Hill. They shared their campus-level perspective on various reauthorization proposals, specifically discussing the benefits of prior-prior year (PPY), proposals to make the Pell Grant Program more flexible, and the need to simply student loan repayment.

Student Aid Quick Reference Sheet Updated For 2015-16

You may want to keep this reference sheet handy as you package financial aid for the upcoming year. Updated for 2015-16, this one-pager lists loan limits for the Federal Stafford, PLUS, and Perkins loan programs. Also listed are the minimum and maximum award amounts for Pell Grants and Supplemental Educational Opportunity Grants, and the limits and eligibility requirements for the Teacher Education Assistance for College and Higher Education (TEACH) Grants. Download the PDF, print it out, and hang it up at your desk so you have the information you need right at your fingertips.

Find The Information You Need For The Summer Term In The Student Aid Index

The summer term is upon us, and NASFAA's Student Aid Index is here to help members navigate the statutory authority, regulations, and content they need to ensure all goes smoothly. From packaging for summer/special sessions/cross-over periods, to Satisfactory Academic Progress (SAP) requirements, to constructing a cost of attendance for the summer term, the Student Aid Index can help guide you through nearly any situation. Why wait? Start using the Index today!

Less Than 10 Seats Remain - NASFAA U’s Overview of Financial Aid Online Course

Overview of the Financial Aid Programs introduces attendees to basic financial aid concepts, categories and types of financial aid, the Title IV aid programs, and other federal sources of assistance to students. This course is not only an effective training tool for new financial aid staff, it also offers your institution's non-financial aid staff a basic understanding of financial aid programs and requirements. Limited Seats remain. Register now! 


5-27: Volume 6 - The Campus-Based Programs [2015-2016 Federal Student Aid Handbook]

Volume 6 – The Campus-Based Programs of the 2015-2016 Federal Student Aid Handbook is now available.

5-27: Federal Stafford, Federal PLUS, Federal SLS, and Federal Consolidation Interest Rate Calculations for the Period July 1, 2015 - June 30, 2016

The attached charts show the variable interest rates applicable to the Federal Stafford, Federal SLS, Federal PLUS, and Federal Consolidation loan programs for the period July 1, 2015 – June 30, 2016.


Notice: Federal Need Analysis Methodology for the 2016-2017 Award Year

The Secretary announces the annual updates to the tables used in the statutory Federal Need Analysis Methodology that determines a student's expected family contribution (EFC) for award year 2016-17 for these student financial aid programs.


National News

Judge Upholds U.S. 'Gainful Employment' Rules For For-Profit Colleges

"A U.S. judge on Wednesday threw out a lawsuit filed by a group of for-profit colleges challenging the Obama administration's new regulations aimed at limiting student debt," Reuters reports.

Video: Lessons From a Competency-Based Education Experiment

"Paul LeBlanc, president of Southern New Hampshire University, has become a leading proponent of competency-based education, a way to award degrees based on testing and portfolios rather than 'seat-time' in a traditional course," according to The Chronicle of Higher Education.

On Being Undocumented

"The group of undocumented students who gathered at the City University of New York this month to recognize their selection as scholarship recipients looks more diverse than one might expect. From countries as different as Haiti, Poland, South Korea, and Zambia, all are enrolled at CUNY with the help of TheDream.US scholarship fund," The Chronicle of Higher Education reports.

College Athletics Finance Report: Non-Power 5 Schools Face Huge Money Pressure

"The so-called Power Five conferences are different from the American Athletic and Mountain West conferences. They have lots more money," USA TODAY reports.

Webster U. Students In London Left In Limbo

"Dozens of Webster University students studying at the school's campus in London were unexpectedly stripped of their U.S. financial aid this past school year because Webster ran afoul of U.S. Department of Education regulations," the St. Louis Post-Dispatch reports.

State News

Funding Woes

"As Illinois, Louisiana and Wisconsin threatened nine-figure reductions in higher education funding, public colleges and universities in those states made their own threats in return," Inside Higher Ed reports.

Georgia: Colleges Prepare For New Dual-enrollment Law That Gives Free College To Thousands

"As the current school year ends, officials at the state's colleges are gearing up for the impact of a law that streamlines access to free college for high school students," the Athens Banner-Herald reports.

Georgia: FTC Tangles With For-Profits

"The U.S. Department of Education and the Consumer Financial Protection Bureau have in recent years joined with states' attorneys general in cracking down on the for-profit college industry. Now the Federal Trade Commission is the latest agency to call for changes within the industry," Inside Higher Ed reports.

California: Program Helps Students Navigate The Unfamiliar Terrain Of College

"As a freshman at Saint Mary's College of California, Gabriella Perez faced the usual challenges that first-generation students encounter during their first year on a college campus, and more: She worried that her parents would be deported to Mexico," The Chronicle of Higher Education reports.



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