Today's News for
Thursday, July 31, 2014
For nearly 30 years, Inceptia/NSLP has been developing
and providing solutions schools need to help their students
succeed. We have worked with over two million students and 5,500
schools, providing services including financial education and
default prevention services. As a non-profit our focus is helping
students, their families, and institutions.
NEWS FROM NASFAA
NASFAA's Policy and Federal Relations team hosted an event on
Capitol Hill Wednesday to educate Congressional staff, members of
the media, and organization representatives on the federal
financial aid system. NASFAA members who weren't in attendance
can view the entire presentation as a Prezi, and
can see photos of
the event on Facebook.
The Public Service Loan Forgiveness (PSLF) Program should
continue to be available to student loan borrowers with some
modifications to improve and strengthen the program, NASFAA's PSLF
Task Force says in its final report. The report
and recommendations within will be utilized in NASFAA's
reauthorization efforts. Visit NASFAA's Higher Education Act Reauthorization web
center to find in-depth analyses from NASFAA staff on key
proposals set forth by the U.S. Senate and U.S. House of
More than 2,500 financial aid professionals convened in Nashville, Tennessee starting on Sunday, June 30, for 4 days of activities centered on professional development– training sessions, up-to-date information on student aid programs from financial aid veterans, awards, product and software updates, and, of course, networking. Our new 2014 National Conference Highlights page features federal updates given by Department of Education officials on the final day of the conference, links to other conference video footage, conference-related Today's News articles, conference Facebook albums, and more. Catch up on what you missed or refresh your memory of all that happened while you were there!
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 was considering 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
Federal Student Aid has made a substantive revision to Volume 3 – Calculating Awards & Packaging of the 2014-2015 Federal Student Aid Handbook.
"American families are relying more on their income and
savings-and less on loans-to pay for college, according to an
annual study by education lender Sallie Mae, formally known as SLM
Corp," The Wall Street Journal reports.
"Senators Ed Markey and Orrin Hatch on Wednesday introduced
changes to the Family Educational Rights and Privacy Act, or FERPA,
which would require institutions to have policies in place for
protecting student data or risk losing federal
funding," Inside Higher Ed reports.
"Despite the windowless, bunker-like atmosphere inside the Erie
conference room of the Sheraton in downtown Chicago, Galen Graber
has to be impressed by his audience: a swath of the 1,500 top
admissions and financial aid officials from 635 different schools
who have gathered to set policies that determine which kids get
into which college and how much money they'll
receive," Forbes reports.
"Thanks to a quirk in federal law, only a sliver of students can
get their debt forgiven when owed to a school that shuts down,"
according to Bloomberg Businessweek.
"Affordability is the aim of countless proposed higher-education
policies. The question is, affordability for whom?" The
Chronicle of Higher Education reports.
"City College of San Francisco this week applied to have its
accreditation status restored, a solution that could buy the
college two more years to work on fixing problems the Accrediting
Commission for Community and Junior Colleges has
identified," Inside Higher Ed reports.
"The action came after auditors found the for-profit college had
violated a decades-old rule to prevent the improper targeting of
veterans. The state order covers four undergraduate programs and
three master's programs, including those in management, Web
development and criminology," according to The Center for
"While the public sector has attempted to confront student debt,
it has not sufficiently engaged the private sector to address these
issues. Companies should offer their employees assistance in loan
repayment - in addition to any college tuition assistance program,"
Anwer Hasan, chairman of the Maryland Higher Education
Commission, writes for The Baltimore Sun.
"It's one of the most cherished myths in America: The self-made
man - or woman - who puts themselves on the road to success by
working their way through college,"
the PennLive Editorial Board writes.
Blogs and Think Tanks
NASFAA's "Public Service Loan Forgiveness Task Force offers
several policy recommendations for improving the loan-forgiveness
program," The Chronicle of Higher
Education's The Ticker reports.
NASFAA CAREER CENTER