Today's News for
Thursday, March 05, 2015
At Edfinancial, we measure success based on our
ability to effectively counsel student borrowers and lower CDRs.
Over 91% of customers saw rates drop by an average of 20%! To learn
more about our default prevention success or to take advantage of
our CDR risk analysis, visit us at www.edfinancial.com/HES.
NEWS FROM NASFAA
Federal Government & NASFAA’s D.C. Office Closed Today Due To Weather
The NASFAA headquarters will be closed today along with federal agencies due to a winter storm impacting the Washington, D.C. area. NASFAA staff who can telecommute are working to the extent they are able, but phone and email responses may be delayed. The NASFAA website and all other electronic services should continue uninterrupted.
Secretary of Education Arne Duncan defended the president's
fiscal year (FY) 2016 budget request in front of members of the
Labor-HHS subcommittee of the House Appropriations Committee,
several of whom expressed concerns about America's College
For the first time ever, NASFAA University will offer a facilitated online course on Satisfactory Academic Progress. This advanced level course and credential test will provide an overview of the required and optional elements of an institutional satisfactory academic progress policy. Learning topics focus on calculating pace, student appeals, the impact of transfer credits, and the use of academic plans. A NASFAA 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. Class begins April 6, 2015.
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.
Consumer information is a complex financial aid issue which often causes audit and program review findings. This webinar, taped on February 25, summarizes the consumer information requirements and focuses on how schools make disclosures. It can be purchased and watched on demand at a cost of just $115 for members, $230 for non-members, and at no additional fee for webinar package purchasers.
"These days, lots of politicians are talking about
shrinking the FAFSA. ... That raises the most important question:
Is that even possible?" NPR asks. "'The answer
is "No, it's not possible,"' says Justin Draeger of the National
Association of Student Financial Aid Administrators. 'The more you
simplify the federal form, the more everybody tends to look
"The Obama administration, under pressure from Congressional
Democrats and consumer advocates, is deciding whether to relieve
the debt of some federal student loan borrowers who attended
Corinthian Colleges," Inside Higher
"Aspiring college students are asked to take their future on
faith. They're expected to strive to reach a higher-education
experience many of them can hardly imagine, to trust they'll find a
way to foot the bill for one of the most expensive purchases
they'll ever make. That last part, in particular, can be a tough
sell when your family earns less in a year than some colleges
charge for one," The Chronicle of Higher
"Tuesday's announcement that Sweet Briar College will close
later this year despite still having $84-million in its endowment
comes as a grim reality check for small liberal-arts colleges that
have been facing enrollment and financial challenges in recent
years-and particularly for the dwindling number of small women's
colleges," The Chronicle of Higher Education reports.
"For those students on the cusp of meeting minimum SAT
requirements to enter college, where they choose to enroll could
determine their chance of eventually earning a bachelor's degree,"
Inside Higher Ed reports.
"Howard University recently announced that it will freeze
tuition for students and offer them money back for graduating in
four years or less, beginning next fall," NBC News
"President Obama's free community college proposal has a direct
ancestor in a program Tulsa Community College began in 2007. And
Tulsa's free-tuition experiment is working, with the college's
leaders calling it a 'battle-tested' recipe for increasing degree
production," Inside Higher Ed reports.
"With less than two years left in office, President Barack Obama
still has a lofty agenda when it comes to education in America,"
Matthew Lynch, an associate professor of Education at Virginia
Union University, writes in an opinion piece for Diverse:
Issues in Higher Education.
Blogs and Think Tanks
"Federal Reserve Bank of New York President William Dudley
warned Wednesday that borrowing to finance higher education may not
be for everyone," The Wall Street
Journal's Real Time Economics reports.
"Thousands of veterans and active-duty members of the armed
services have filed complaints against colleges through an online
system created just over a year ago, officials in the Departments
of Defense and Veterans Affairs said on Tuesday," The
Chronicle of Higher Education's The
"Millions of parents get a state-tax break for contributing to a
529 college-savings plan. But when it's time to pay tuition bills,
some parents may find that the tax-smart move is to not pay the
full tab with cash they pull out of that plan," The Wall
Street Journal's Total Return reports.
NASFAA CAREER CENTER
- Director of Financial Aid and Scholarships, Slippery Rock University, Slippery Rock, Pennsylvania
- Senior Associate Director for Operations and Compliance, The University of North Carolina at Charlotte, Charlotte, North Carolina
- Systems Administrator, Enrollment Systems, Loyola University Chicago, Chicago, Illinois
- Director of Student Financial Aid, University of Wyoming, Laramie, Wyoming