Today's News for
Tuesday, September 30, 2014
The College Board: Since helping to shape
the field in 1954, the College Board and its member partners have
collaborated to provide leadership, expertise, and a suite of
reliable, consistent, and user-designed financial aid solutions
including PowerFAIDS®, the Institutional Methodology, CSS/Financial
Aid PROFILE®, and others. Visit us at collegeboard.org.
NEWS FROM NASFAA
The Obama administration's proposed Postsecondary Institution Ratings System aims to use a number of metrics to determine an institution's commitment to access and diversity, and would tie institutional allocations of financial aid funds to these ratings by 2018. Asked by NASFAA leadership to conduct research on the feasibility of such an approach, the Access and Diversity Committee worked to determine whether there are tools currently available that can assist institutions with their own evaluation prior to the development and implementation of a Federal rating tool. Read the committee's findings in their newly released “Measuring Excellence in Access and Diversity" report.
Low-income and low-SAT scoring students who participate in the
Federal Work-Study (FWS) program reap the largest benefit,
indicating the potential for better outcomes if funding were better
targeted, according to a working paper from the Center
for Analysis of Postsecondary Education and Employment.
Return of Title IV Funds Lesson #3 is just one example of the many instructional videos being provided to NASFAA U online course attendees. These streaming videos are an integral part of the teaching process, allowing attendees to view presentations anytime, anywhere. If you are looking for a convenient way to learn or to train your staff on Return of Title IV, consider NASFAA University’s online course. Class starts October 14 and has limited seating. Register now!
Confusion over how to correctly report untaxed income on the FAFSA often results in students and families either reporting income that should not be included, or failing to report income that should be included. Tune into NASFAA’s October 29 webinar for a review of the untaxed income information required on the FAFSA. School panelists will share their approaches to special situations they have encountered when determining what should or should not be included as untaxed income. The webinar is offered at a rate of $115 for members, $230 for non-members, and at no additional fee for webinar package purchasers. Register today!
U.S. DEPARTMENT OF EDUCATION
This letter announces an update to Federal Student Aid’s online training module on the cohort default rate process and default management.
"The growth of student debt may slow as the strengthening
economy reduces the number of new loans, Deputy Treasury Secretary
Sarah Bloom Raskin said," Bloomberg reports.
"Social mobility through education is waning around the world,
despite increased access to education, the Organization for
Economic Cooperation and Development warned in a report this
month," The New York Times reports.
"Gov. Jerry Brown of California acted on Sunday on several bills
that affect higher education, including signing into law measures
that will allow some of the state's community colleges to grant
four-year degrees and that will let public university students who
can't take out federal loans because of their immigration status
borrow from their colleges instead," The Chronicle of
Higher Education reports.
"Climbing enrollment at the University of Nebraska has
paralleled an increasing amount of financial aid for students
attending NU's four campuses," the Journal Star
reports. "At the University of Nebraska-Lincoln, 76 percent of
students receive some type of financial assistance to attend
college, said Craig Munier, director of the Office of Scholarships
and Financial Aid."
"An Internet college lied about admissions to keep its federal
aid flowing, and fired an admissions adviser when he complained,
the man claims in court," Courthouse News
"Should there be a lower standard for retaining the HOPE
Scholarship for students at Georgia Tech?" The Atlanta
"Paying for college without student loans seems like a great
idea. ... But the fact is college is expensive and students will
likely have to borrow some money," Reyna Gobel writes for Forbes.
Blogs and Think Tanks
"The White House on Monday unveiled the winners of the fourth
and final round of Trade Adjustment Assistance Community College
and Career Training grants," The Chronicle of Higher
Education's The Ticker reports.
"We've been telling you that new data shows that a lower
percentage of students are defaulting on federal loans. That's
great news for students, taxpayers and our economy. But we know
there is still more work to do," the Department of Education writes
in its Homeroom blog.
"According to a popular estimate, more than 40 million Americans
now owe a combined $1.2 trillion in student loans. That's made the
issues surrounding these loans -- including income-based loan
repayment plans -- a hot topic lately," The Motley
NASFAA CAREER CENTER