Today's News for
Friday, March 06, 2015
Great Lakes. Our enhanced Portfolio Navigator allows you to
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connect each student to their servicer for the repayment help they
NEWS FROM NASFAA
A study highlighted in Inside Higher
Education found evidence suggesting students are listing
institutions on the FAFSA in order of preference, but a new report,
"Strategic Use of FAFSA List Information By Colleges," finds
selective colleges and universities do not appear to be adjusting
their financial aid packages in response to the listed order.
Rep. Susan Davis (D-CA) has reintroduced legislation that would end the practice of charging origination fees on student loans. Initially offered last September, the Eliminating the Hidden Student Loan Tax Act repeals the authorization to charge origination fees on all Direct Loans for undergraduate students, graduate students, and parents, with a proposed implementation date of July 1, 2015. NASFAA has been calling for an end to origination fees for years, and included such a recommendation in our proposals for reauthorization to Congress submitted last year. NASFAA President Justin Draeger previously joined Rep. Davis in publishing an op-ed in support of this important policy initiative.
Please join us in congratulating Connie McCormick, NASFAA's
former Chief Training Officer, on her retirement. With more than
three decades in financial aid, Connie held jobs at East Texas
State University, Texas Tech University, Tarrant County Junior
College, and Texas Wesleyan before joining NASFAA. She has been an
asset to the association and we will miss her dearly. Have a look the slideshow we put together in Connie's honor and leave your best wishes for her in the comments
Are you struggling to communicate difficult financial aid information? Wondering how to best promote financial literacy on your campus? In Voices From the Aid Office, an occasional Today's News series, we feature best practices from NASFAA members on common issues facing financial aid offices. Explore our Voices From the Aid Office Center to read anecdotes, advice, and innovative ideas on a variety of topics from colleagues across the country. If you would like to suggest a topic for a future Voices From the Aid Office article, please email us at email@example.com.
Every year, NASFAA recognizes outstanding members and other higher education stakeholders for their achievements and contributions to financial aid. Starting this year, members can nominate individuals to receive the Robert P. Huff Golden Quill Award for their contribution to financial aid literature. Also, be sure to submit your project for a Gold Star Award, which recognizes innovations in the financial aid arena at any level, targeted toward any constituency. Award winners will be announced at the 2015 NASFAA Conference, July 19-22, in New Orleans, LA.
"... Judging from their budget proposals, GOP governors are all
over the map on their levels of support for higher education. But
look past the conflicting budget numbers, and a more-unified
approach to higher-ed policy begins to emerge," The
Chronicle of Higher Education reports.
"More Americans are saving money for college using 529
accounts," CNN Money reports.
"By one measure at least, the 2013 fiscal year was a healthier
year financially for private colleges than 2012 was. Fewer
degree-granting colleges missed the passing mark on the Department
of Education's financial-responsibility test that year, according
to a Chronicle analysis of data the department
released Thursday night," The Chronicle of Higher
"Thirty percent of higher ed students today are the first in
their family to attend college, while 24 percent-4.5 million-are
both first-generation and low-income," University Business reports.
"For years, advocates of 529 college-savings plans have
struggled to persuade people that they're more than just tax
shelters for the rich," The Chronicle of Higher
"Arizona has a reputation for frugality with regard to state
support for higher education, but a deal reached this week between
Governor Doug Ducey and legislative leaders is leaving educators in
the state stunned," Inside Higher
"A former Pittsburg State University professor has admitted
defrauding a Nigerian graduate student exchange program he led at
the university out of more than $140,000," The Associated
"The Hartford Consortium for Higher Education has been awarded
$200,000 from Bank of America to expand its efforts preparing and
mentoring students for college and the workforce, officials said,"
the Hartford Courant reports.
Blogs and Think Tanks
"More members of Congress than ever have student loan debt - 47,
or 8 percent of Congress, according to
OpenSecrets," Vox reports.
NASFAA CAREER CENTER