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Today's News for Friday, May 29, 2015 
 
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NEWS FROM NASFAA

NASFAA Panel Highlights PPY's Broad Support

Shifting to prior-prior year (PPY) income information on the FAFSA would have implications for financial aid administrators, admissions officials, students, and states -- and at a NASFAA panel discussion Thursday, representatives of each group said the benefits of the change would greatly outweigh any potential concerns.

IRS Releases Statement, Q&As on ‘Get Transcript’ Application Breach

The IRS announced Wednesday that criminals had gained access to an estimated 100,000 tax accounts using the IRS’ “Get Transcript” application. According to the accompanying Q&A, "[t]he IRS is taking several steps, including marking the accounts of affected taxpayers on our core tax account system to protect them against identity theft if someone else tries to file a tax return in their name, both right now and in 2016" and will be "sending letters to affected taxpayers with additional information." NASFAA has reached out to FSA to learn more about how this may impact students and whether ED will allow schools to use a tax return while the transcript service is suspended.

Community College Presidents Overwhelmingly Support Obama's Tuition-Free Initiative

On Thursday, Inside Higher Ed (IHE) hosted a webinar to review the findings of their recent survey with Gallup. The first of its kind, this study of Community College Presidents at associate degree-granting institutions aimed to understand how they perceive and address the challenges facing two-year institutions. Led by IHE editors Scott Jaschik and Doug Lederman, the webinar highlighted results around President Obama's free community college plan, the "skills gap," for-profit competition, and pathways to degree completion.

Beware: Illegitimate Housing Company Offering to Book NASFAA Conference Housing

NASFAA has received multiple reports of people getting unsolicited calls from companies claiming to work with NASFAA and offering to help you reserve a hotel room for the 2015 and 2016 NASFAA National Conferences. NASFAA’s housing company, Orchid Event Solutions, will never call you to reserve your room. We are investigating how these companies are obtaining contact information, as we have not distributed any registration lists. If you have reserved a room via one of these phone calls, please cancel that reservation and secure housing through our contracted and secure provider. Information on how to reserve a room for the 2015 NASFAA National Conference can be found on our website. Housing for the 2016 NASFAA National Conference is not open.

Archive of NASFAA's Cohort Default Rate Issues Webinar Now Available

Cohort Default Rates (CDR) are becoming more and more a concerning factor for schools. This webinar, filmed May 20, will help you to better understand your CDR and how it impacts your school and students. Panelists and presenters provide an overview of CDR and discuss the challenges and appeals processes. At a cost of just $115 for members, $230 for non-members, and at no additional fee for webinar package purchasers, this is one you won't want to miss. Purchase it today and watch it at your convenience.

U.S. DEPARTMENT OF EDUCATION

5-28: Upcoming SAIG Message Class File Update

On June 5, 2015, we will send the message class "MESSAGTB" via the Student Aid Internet Gateway (SAIG) to all user mailboxes.

HEADLINES

National News

3 Tips for Securing Student Loan Forgiveness

"...About 36,000 students have failed to meet the requirements since the [TEACH grant] program's launch and an estimated 75 percent won't complete the necessary steps in the future, according to the U.S. Government Accountability Office. ...With numbers that dismal, 'it's a loan masquerading as a grant,' says Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators," according to U.S. News and World Report. 

Service Members To Receive Navient Settlement Money

"Nearly 78,000 members of the military who federal prosecutors said were overcharged on their student loans will begin to receive a total of $60 million in compensation next month, the Department of Justice announced Thursday," Inside Higher Ed reports.

Private Colleges Target Community College Grads They Once Shunned

"Private institutions like the University of Mount Olive now station financial aid officers at the satellite campuses and evening programs where many community college students come to finish their degrees," according to The Hechinger Report.

State News

Will the Student Loan Crisis End in Wisconsin?

"Two politicians in Wisconsin's statehouse are proposing a solution to address the student loan crisis in their state," Stephen Dash, CEO of Credible, writes for The Huffington Post. 

Blogs and Think Tanks

You Draw It: How Family Income Affects Children's College Chances

"How likely is it that children who grow up in very poor families go to college? How about children who grow up in very rich families?" The New York Times' The Upshot blog asks.

Student Loan Refinancing

"Progressive members of Congress, left-leaning think tanks, Democratic presidential candidates, and others have over the last year been aggressively promoting student loan refinancing as a fix for the student loan problem,"  Alan Collinge, founder of StudentLoanJustice.Org and author of "The Student Loan Scam," writes in The Hill's Congress Blog.

College Decisions Survey: Deciding to Go to College

"Today, New America's Education Policy Program released the first in a series of College Decisions Survey briefs that analyze new survey data about what prospective college students know about the college-going and financing process," EdCentral reports.

INDUSTRY NEWS

NASFAA UNIVERSITY

NASFAA CAREER CENTER

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