Today's News

Today's News for Tuesday, May 26, 2015 
 
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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

New Research Provides Further Support for Shift to Using Prior-Prior Year Income Data on FAFSA

As efforts surrounding FAFSA simplification increase, many scholars are starting to take a look into what methods may be most effective. Using a sample of over 40,000 students from the National Postsecondary Student Aid Survey (NPSAS:12), a recently released report showed 70 percent of applications saw no change in their Federal Pell Grant eligibility when shifting from the use of prior-year (PY) to prior-prior year tax (PPY) data.

NASFAA Invites Applications For Web Reporter/Editor

NASFAA seeks to hire a Web Reporter/Editor with experience and skills in interviewing for, reporting on, and writing the news, copy editing, and using web content management systems. This is a DC-based position. The person selected to join NASFAA’s Communications team will operate in a fast-paced environment and manage multiple tasks simultaneously. The right candidate will have experience managing an organizational social media presence and will be willing to work occasional odd hours to ensure coverage of breaking news. A Bachelor’s degree is required; focus in Journalism preferred. Applications received by Friday, June 5 will be given priority. For full details visit NASFAA's Career Center.

AskRegs Knowledgebase Answers: When a Student Repays a Direct Loan Within the Same Academic Year, Can a New Loan Be Originated?

AskRegsTNLearn 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.

Class Begins Next Week - Register Today For NASFAA U’s Overview of Financial Aid Programs

With less than one week remaining, register now and reserve your spot! NASFAA University’s most popular online course introduces attendees to basic financial aid concepts, categories and types of financial aid, the Title IV aid programs, and other federal sources of assistance to students. This course is not only an effective training tool for new financial aid staff, it also offers your institution's non-financial aid staff a basic understanding of financial aid programs and requirements.

THE D.C. DOCKET

NASFAA is here to help you stay up to date on the top policy events occurring throughout the week in Washington, D.C. and, when applicable, across the country. Make sure to check back in to Today's News each morning for coverage of some of the events, and email us at news@nasfaa.org if you're aware of upcoming policy events that could be of interest to the financial aid community.

Congress:

  • The House and Senate are in session the week of May 25.

Thursday:

Friday:

U.S. DEPARTMENT OF EDUCATION

GEN-15-09: Title IV Eligibility for Students Without a Valid High School Diploma Who Are Enrolled in Eligible Career Pathway Programs

This letter clarifies changes made by the Consolidated and Further Continuing Appropriations Act of 2015 to the Title IV eligibility of students who are not high school graduates.

5-22: FSA ID/PIN Replacement - FSA ID Additional Information and Helpful Hints

As the Department announced in a May 11, 2015 electronic announcement, the FSA ID was successfully implemented on May 10, 2015. The FSA ID, made up of a username and password, has replaced the Federal Student Aid PIN and is now being used by students, parents, and borrowers to access personal financial aid information online and electronically sign Federal Student Aid documents.

HEADLINES

National News

Student Debt Is Hot Topic For 2016 Field

"The rise in college costs-and student-loan burdens-is breaking through as a hot issue in the 2016 presidential race as contenders float proposals that rethink what college should cost and who should foot the bill," The Wall Street Journal reports.

GOP Senator Targets Education Credits

"Sen. Dan Coats (R-Ind.) is pushing a new legislation aimed at rooting out the fraud involved in tax breaks for higher education," The Hill reports.

When Pell Freezed Over: Republican Budget Wants A Ten-Year Cap On Federal Student Grants

"A U.S. House of Representatives budget resolution for 2016 was introduced last week that would freeze the max Pell Grant for ten years, a replay of the 2015 proposal by Rep. Paul Ryan (R-Wis.), then chair of the House Budget Committee," MainStreet reports.

State News

Lawmakers Get Details On U.Va. Tuition Plan

"The president of the University of Virginia briefed lawmakers Thursday on a plan designed to make the school more affordable for low- and middle-income students by raising tuition across the board and using the money to provide them with grantsm" The Virginian-Pilot reports.

Opinions

Opinion: Free Tuition Would Be Nice, But Is It What Community College Students Really Need?

"President Obama's proposal to make community college tuition free got a warm hug from Gene D. Block, chancellor of the 42,000-student University of California, Los Angeles. He called it 'the most encouraging idea for higher education to emerge from Washington in years,'" Jay Mathews writes in an opinion piece for The Washington Post.

Blogs and Think Tanks

What Does Income-Based Repayment For Student Loans Cost?

"The latest figures are out from the Department of Education and the share of borrowers using Income-Based Repayment (IBR) to repay federal student loans is rising rapidly," according to New America's EdCentral.

Lower-Cost Student Loans? Not Really.

"Auctions of U.S. Treasury notes and bonds don't usually attract a lot of attention unless we are in the midst of tumultuous times or when the lending rates for a pretty important loan program are indexed to one of these," according to Credit.com's blog.

NASFAA UNIVERSITY

NASFAA CAREER CENTER

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