Today's News for
Friday, September 12, 2014
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streamline your student support and outreach efforts. Visit home.mygreatlakes.org, or contact your Great
Lakes representative today.
NEWS FROM NASFAA
The impact of geography on students' institutional options and
choices is an overlooked factor in recent policy discussions on
consumer information and President Barack Obama's proposed ratings
system, according to a new report by education researcher Dr.
Nicholas Hillman. The research indicates using a ratings system to
penalize colleges located in "education deserts" may have
unintended consequences that could burden some communities.
Because students can shave thousands of dollars off their
degrees if they continue their studies through the summer,
policymakers should reconsider Year-Round Pell Grants, a
right-leaning nonprofit organization urges in a new report. That's
a stance NASFAA has taken as well.
The rising number of "non-traditional" students seeking higher
education presents significant challenges for many U.S. colleges
and universities aiming to recruit and enroll them, according to a
webinar presented by Inside Higher Ed on Thursday.
NASFAA's Policies & Procedures Tools are a set of integrated resources to help you improve your regulatory compliance, administrative consistency, and staff training. This essential management toolkit provides expert guidance and an organized approach to developing and maintaining policies and procedures. Want to gain a better understanding of the issues that should be taken into consideration when formulating policies, determine what policies and procedures are required, and navigate complex and ever-changing laws and regulations? The toolkit can help.
Did you miss our June 23 webinar on institutional default rates and participation in the Direct Loan program? Watch it now on NASFAA.org, free of charge! The webinar, "Tough Choices: Tackling Loan Indebtedness at Low-Cost Institutions," featured one institution that chose to leave the loan program and one institution that had considered doing so, but decided to stay in the program. In addition, NASFAA’s staff highlighted potential policy solutions and related advocacy work. The webinar is available free of charge until December 22, 2014. Don't miss this opportunity to hear from your colleagues on this important topic!
U.S. DEPARTMENT OF EDUCATION
The Department announces the release of the updated GE Disclosure Template. Institutions must, no later than January 31, 2015, update the disclosures for each of their GE programs to reflect the 2013-2014 award year using this updated Disclosure Template.
Per its contractual agreement with each of our federal loan servicers, the Department will annually measure servicer performance in the areas of customer satisfaction and default prevention and will then use these results to determine each servicer’s allocation of future loan volume when applicable.
"The last four U.S. presidents are joining together today to
commemorate the 20th anniversary of the AmeriCorps national service
program, through which more than 900,000 volunteers have delivered
more than 1.2 billion hours of service in thousands of
communities," Inside Higher Ed reports.
"Senator Elizabeth Warren, the Massachusetts Democrat who has
been a leading critic of how the U.S. Department of Education
oversees the companies it hires to service federal student loans,
indicated Wednesday that she is not satisfied with the department's
effort to overhaul its agreements with those
companies," Inside Higher Ed reports.
"In recent years the American Council on Education has
experimented with issuing credit recommendations for online courses
from non-college providers, sometimes sounding more like Silicon
Valley than One Dupont -- the stodgy headquarters of the higher
education lobby," Inside Higher Ed reports.
Borrowers "loaded with student debt will have to earn 24 percent
more than their peers without student debt in order to buy an
equivalent home, according to a recent study," The
"[C]ollege students can
now look at the bright side of their debt burdens: Paying on time
can boost a young person's credit rating," Main
"Enrollment rose slightly for the fall semester at Mississippi's
eight public universities, but fell for the fourth straight year at
the state's 15 community colleges," The
"In the final days before adjournment, the California
Legislature addressed the shortfall in state higher education
funding by restoring $100 million earmarked for the University of
California and the California State University systems. Gov. Jerry
Brown can ensure the higher education system gets this funding by
signing Assembly Bill 1476," Dick Ackerman and Mel Levine,
co-chairs of the California Coalition for Public Higher Education,
write in a Sacramento Bee opinion piece.
NASFAA CAREER CENTER