Today's News for
Wednesday, July 30, 2014
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NEWS FROM NASFAA
Tom Harkin (D-IA), chairman of the Senate Committee on Health, Education, Labor and Pensions (HELP), introduced a comprehensive Higher Education Act reauthorization bill on June 25. The Higher Education Affordability Act (HEAA), which includes several provisions for which NASFAA has been advocating, takes the form of a discussion draft and marks the HELP Committee’s first step toward reauthorization of the Higher Education Act. This article is the sixth in a series that examines various provisions proposed by this bill.
As she begins her tenure as 2014-15 National Chair, Eileen
O'Leary took some time to discuss with Today's News her
goals for the next year and what inspires her as a financial aid
professional. Be sure to check out Eileen's address to NASFAA
members at the 2014 National Conference in Nashville!
NASFAA's Professional Diversity Caucus has begun developing a long-range plan that will identify diversity within NASFAA and provide suggestions to the association about how to best meet the needs of a diverse membership. Caucus members will be actively seeking input from their respective regional and state financial aid organizations, but contributions from individual members are also greatly valued. Please submit any comments related to diversity in financial aid administration, training tools or programs, professional development issues or other suggestions for the caucus to email@example.com. The committee looks forward to serving you-- the membership-- and is excited for this opportunity to celebrate diversity in our organization!
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.
"The number of graduate and postgraduate students ages 50 to 64
has been climbing steadily, from 625,000 in 2007 to as many as
750,000 in 2011 - a 20 percent increase, according to the National
Center for Education Statistics," AARP The
Magazine reports. "For most types of federal financial
aid, you need to be enrolled at least half time in a degree or
academic program. 'You can't just go back and enroll in continuing
education or take one class at a time,' says Karen McCarthy, senior
policy analyst with [NASFAA]."
"Outsourcing delinquent borrower outreach to a company focused
on default prevention is an aggressive defensive approach that can
have a real impact on loan payment rates," University
Business reports. "'Default prevention is a laborious process
that requires a lot of time and people,' says Karen McCarthy, a
senior policy analyst for [NASFAA]. 'These companies know what
efforts are fruitful, so time won't be wasted on tactics that don't
"Advocates for community colleges are pressing federal lawmakers
to make adjustments to a student loan law they say is a 'blunt
tool' that could unfairly penalize colleges where only a small
portion of students default on their federal
loans," Inside Higher Ed reports.
"Eight big for-profit-college companies received nearly a
quarter of all the money spent on Post-9/11 GI Bill benefits in
2012-13, says a report released on Wednesday by Sen. Tom Harkin and
the Senate education committee's Democratic majority," The
Chronicle of Higher Education reports.
"When his 27-year old daughter Lisa died suddenly of liver
failure five years ago, Steve Mason was as devastated as any father
would be. Then the student loan bills started
coming," CNNMoney reports.
"More than 35 percent of Americans have debts and unpaid bills
that have been reported to collection agencies, according to a
study released Tuesday by the Urban Institute,"
the Associated Press reports.
"A new report by the Institute of Medicine, issued Tuesday,
called for an overhaul of federal financing of physician training
and residency programs," Inside Higher
"New data from the Delta Cost Project, for the American
Institutes of Research, show how much the states withdrew support
from public higher education during the decade that ended in
2011," Inside Higher Ed reports.
"UC and Cal State students anticipating financial aid from the
state's new Middle Class Scholarship program are going to have to
wait until September to learn how much they will receive, a top
administrator said Tuesday," The Los Angeles
"Pennsylvania Higher Education Assistance Agency is encouraging
students and families to watch out for scams promising a State
Grant award or offering assistance in completing applications in
exchange for a fee," Public Opinion reports.
Blogs and Think Tanks
"The government's official statistic for college-tuition
inflation has become somewhat infamous. It appears frequently in
the news media, and policy makers lament what it
shows," The New York Times' The
"One of the biggest concerns at colleges and universities is how
best to improve retention," Brian C. Mitchell writes
for The Huffington Post's The Blog.
"A year and a half into his tenure, Mr. [Mitch] Daniels has frozen tuition (for the first time in 36 years), cut the cost of student food by 10% and introduced volume purchasing to take advantage of economies of scale," The Wall Street Journal reports.
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