Today's News for
Monday, March 30, 2015
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NEWS FROM NASFAA
On Friday the Senate capped a marathon session of amendment
votes by voting 52-46 to pass a budget resolution that
proposes to cut $124 billion from student aid programs over
the next 10 years. This followed action taken earlier in the week
by the House to pass their own budget resolution that
likewise took aim at spending on student aid, trimming it by $150
billion over the same 10-year period.
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.
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 email@example.com if you're aware of upcoming policy events that could be of interest to the financial aid community.
- The House and Senate are in session the week of March 30.
U.S. DEPARTMENT OF EDUCATION
Section 443(b)(2)(A) of the Higher Education Act of 1965, as amended (HEA) and the implementing regulations at 34 CFR 675.18(g) set forth the community service expenditure requirements under the Federal Work-Study (FWS) Program that a school must meet unless it is granted a waiver from the Secretary. The following information explains how a school requests a waiver of the community service expenditure requirements under the FWS Program for the 2015-2016 Award Year.
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 notice sets forth the agenda for the June 25-26, 2015 meeting of the National Advisory Committee on Institutional Quality and Integrity (NACIQI), and provides information to members of the public on submitting written comments and on requesting to make oral comments at the meeting.
"The U.S. Department of Education plans to name the colleges
whose access to federal money it has restricted because of concerns
about the risk they pose to students and taxpayers. And most of the
institutions placed on those financial sanctions in recent years
have been for-profit colleges, newly disclosed federal records
show," Inside Higher Ed reports.
"Professional positions in higher education administration saw
an overall median base salary increase of 2.2 percent in 2014,
according to a report issued today by the College and University
Professional Association of Human Resources," Inside
Higher Ed reports.
"The U.S. Education Department's Federal Student Aid office has
done too little to carry out regulatory changes adopted five years
ago to crack down on colleges' use of incentive compensation to
reward employees, the department's inspector general said in a
highly critical audit this week," Inside Higher
"The student strike in Quebec in 2012 did not just bring down
the province's government; it also revealed deep cultural
differences in ideas about university funding. French Canadian
students, influenced by European thinking, were outraged that their
government had proposed raising tuition fees from C$2,168 ($2,168)
a year to C$3,793; the rest of Canada, used-American-style-to much
higher fees, was baffled by their fury," The
"For Virginians in financial need, leaders of the state's
flagship university just approved what amounts to a cut of up to
$10,000 in the price of a bachelor's degree," The
Washington Post reports.
"The announcement of Sweet Briar College's closing has sent
shock waves throughout independent higher education, with some
viewing this as the tip of the iceberg and expecting more closings
to follow," James L. Doti, president of Chapman University, writes
in an opinion piece for The Chronicle of Higher
Blogs and Think Tanks
"Ashley Smith's IHE story Thursday got few comments and
drew little notice, but it should have made national headlines. It
gives the lie to a great many tales being told about community
colleges," according to Inside Higher
Ed's Confessions of a Community College
"For years, a good friend of mine had the words 'eschew
obfuscation' posted on his office door. ... I am reminded of his
phrase at this time of year, as I read financial award letters from
various institutions when families send them into my office for
comparison's sake," W. Kent Barnds, executive vice president of
Augustana College, writes in The Huffington
Post's The Blog.
"The University of Phoenix, the largest for-profit university in
the United States, has lost a few hundred thousand students in the
last five years, according to its parent company," The
Washington Post's Answer Sheet reports.
"People tend to tune out when they hear the phrase 'consumer
protection,' and that's probably because we don't really think
about ourselves as 'consumers.' But we do think about ourselves as
a 'mom,' or 'dad,' or 'student borrower,' or 'employee,'" according
to The White House Blog.
To encourage new members to pursue professional development opportunities and to enhance success within the financial aid profession, TASFAA is proud to offer the Clyde Walker Professional Development Scholarship.
NASFAA CAREER CENTER