Today's News for
Wednesday, September 17, 2014
Student Aid Services: Many students are
using the NPC to determine what colleges they will apply to. See how Student Aid Services' NPC 2.0 can
convey the value of your institution and demonstrate affordability
to your prospective students. Make your NPC an enrollment tool.
Contact Student Aid Services. www.studentaidservices.com
NEWS FROM NASFAA
Legislation introduced on Friday by Sen. Tammy Baldwin (D-WI),
co-sponsored by Sen. Tim Kaine (D-VA), would increase the income
protection allowances (IPAs) for students in Federal Methodology
(FM). Increasing the IPAs would "protect" more income from the FM
calculation of available income. All other things being equal, an
increase in the IPA would generally lead to a lower expected family
contribution (EFC) and possibly an increase in eligibility for
Title IV aid. Looked at another way, an increase in the IPA
increases the amount of money students can earn without that income
being counted as available income.
House To Vote On Stopgap Funding Measure
Today the House of Representatives will vote on a short-term funding measure to ensure the federal government has funding for the new fiscal year, beginning October 1. The measure, known as a continuing resolution (CR) would extend current fiscal year (FY) 2014 funding through December 11, 2015, guarding against a repeat of last year's government shutdown. In order to comply with sequestration spending caps, the CR includes a very small across-the-board cut of 0.0554 percent. Upon expected passage in the House the bill will go to the Senate for review.
NASFAA members Jim White (Gonzaga University), Jim Swanson (Colorado College), and Brian Lemma (Georgetown University) joined NASFAA staff on Capitol Hill yesterday to discuss critical higher education issues facing financial aid offices and students.
The group had wide-ranging policy discussions with staffers in the offices of five policymakers in addition to meeting with Rep. Cathy McMorris Rodgers (R-WA). Learn more about the Advocacy Pipeline, explore ways you can get involved, and check out our Facebook album for pictures of NASFAA members on Capitol Hill.
Members of the Management Benchmarking Task Force will be called upon to help identify benchmarks that would be helpful for financial aid directors to use in their management roles, determine how often those benchmarks should be collected, and consider how data should be compiled. The final product will be a report with recommendations to be issued to the NASFAA Board of Directors for feedback by the February 2015 board meeting. Members will serve October 2014 through March 2015 and will be required to attend one meeting in fall/winter in Washington, D.C. Conference calls and emails will round out the extent of the work. Please view the task force charter and complete the volunteer form by Wednesday, September 24 if interested.
U.S. DEPARTMENT OF EDUCATION
The 2015-2016 FAFSA® MyStudentData Download document, which includes the record layout for the download file that will be available to users of the 2015-2016 version of the FAFSA on the Web site, is now available.
"Hundreds of colleges charge low-income students tuition that is
half or more of their household's entire yearly income, according
to a report released today by the New America Foundation that seeks
to shed light on colleges' aid practices and to prod Congress to
change the structure of Pell Grants," Inside Higher
"There are growing concerns that the benefits of a college
degree are on the decline, while costs continue to
rise," CNBC reports.
"One of the main lobbying organizations that represnts loan
servicers and other student loan entities has named its new
president," Inside Higher Ed reports.
"Corinthian Colleges is being sued by the federal Consumer
Financial Protection Bureau for what it calls a predatory lending
scheme,'" according to The Associated Press.
"In Nevada, starting kindergarten means starting to save money
for college," Education Week reports.
Blogs and Think Tanks
"Senate Republicans blocked Sen. Elizabeth Warren (D-Mass.) from
bringing up her bill to allow students to refinance their
loans," The Hill's Floor
"The rising total of student debt - now over $1 trillion - has
been a hot topic in the news over the past several
years," The Wall Street Journal's Washington
"It's a national imperative that every student graduate from
high school prepared for college and for a career. And thanks to
the dedication of our teachers and educators and the hard work of
our students, more young people are graduating and earning their
high school diplomas than ever before," according to The
White House Blog.
"A new rating system backed by the White House aims to evaluate
nearly all of the nation's colleges and universities. Roughly 6,000
schools that educate around 22 million students are about to endure
an unprecedented amount of federal scrutiny," The
Huffington Post reports.
"Arianna Trickey was opening a piece of mail in her bedroom
during junior year of high school when a pamphlet fell out of the
envelope. The pamphlet seemed to offer the impossible: the prospect
of a full scholarship to several of her dream
colleges," The New York Times' The Upshot blog
"This week, the Senate was expected to (but looks like it no
longer will) vote on a bill to allow students to refinance their
student loans. ... [B]eyond the merits of refinancing, it's
striking how little the system that the Senate is debating
resembles the system they encountered when they were college-age,"
according to the Demos Policyshop blog.
NASFAA CAREER CENTER