Today's News for
Tuesday, September 02, 2014
Great Lakes. We're dedicated to helping
you-and the students you serve. We offer a website that helps you
do your job, convenient real-world training, and personalized care
you can depend on. Use our extensive tools and resources to
streamline your student support and outreach efforts. Visit home.mygreatlakes.org, or contact your Great
Lakes representative today.
NEWS FROM NASFAA
At the request of Senator Tom Harkin (D-IA),
chairman of the Senate Health, Education, Labor and Pensions (HELP)
Committee, NASFAA submitted comments on the Higher Education
Opportunity Act (HEAA). The discussion draft, released in June
2014, serves as a marker for future reauthorization efforts.
NASFAA's comments outline areas of support and concern with the
goal of informing the final legislation that Congress will continue
to work toward next year.
Learn the answer to this question and learn how to instantly find credible and reliable solutions to your most pressing regulatory and compliance questions with NASFAA's AskRegs Knowledgebase. The Knowledgebase guide and video tutorials highlight the many features of this tool.
Earn your Campus-Based Programs Credential from NASFAA University! Attend this interactive, online course to learn about options for using funds, including transferring funds between programs and carry forward/carry back provisions, awarding criteria for FSEOG, the community service requirements for Federal Work-Study, and the disclosure and counseling requirements, as well as repayment features, for the Federal Perkins Loan. The first four weeks of the course focus on learning the materials; the final two weeks provide ample study time so you can take the credential test, which is included in your course fee. Space is running out so register today; class begins September 16!
U.S. DEPARTMENT OF EDUCATION
This letter provides important information regarding changes to institutional enrollment reporting requirements to NSLDS.
A recent Dear Colleague Letter provides important information regarding changes to NSLDS enrollment reporting necessary to support the new 150% Direct Subsidized Loan Limit.
The COD Processing Update provides information related to COD System processing and includes the following sections: COD News and Updates, Current Issues (with a subsection for All Programs, Direct Loans, and Grants), and Reminders.
This letter announces the availability of Federal Student Aid's recording of a webinar that provided details about the four new experiments recently published in the Federal Register Notice.
"Next month [The New York Times] plans to unveil 'a new
ranking of colleges and universities based on their ability to
attract underprivileged kids,'" The Chronicle of Higher
"If you're a high school student whose parents make a combined
$40,000 a year, you may think you don't have even a remote chance
of being able to afford an elite, ultra-high-priced college like
Harvard, Princeton or Stanford. But those schools have such large
endowments ($32 billion, in Harvard's case), coupled with a
commitment to making college affordable for any applicant who can
overcome their challenging admissions requirements, that students
from low-income households can expect to pay a fraction of the
schools' sticker price of around $60,000," according
"A new report finds that most universities aren't offering
students enough help in understanding the financial burden posed by
student loans," The Associated Press reports.
"Oregon Coast Community College in Newport has regained
accreditation by the Northwest Commission on Colleges and
Universities, officials said Thursday," The
"Iowa authorities are suing the La' James chain of cosmetology
schools, contending the schools systematically defraud students and
leave them so frustrated that they often quit before
graduating," The Des Moines
Blogs and Think Tanks
"The U.S. Department of Education on Friday announced it had
renegotiated its contracts with federal student-loan servicers,
giving them more incentives to keep borrowers from defaulting on
their loans," according to The Chronicle of Higher
Education's The Ticker blog, in a post that mentions the
task force NASFAA and the National Direct Student Loan Coalition
"Consumer Reports reviewed campus banking products offered by
nine financial companies to compare their terms and calculate their
costs," according to The Chronicle of Higher Education's
The Ticker blog.
NASFAA CAREER CENTER