Today's News for
Tuesday, November 25, 2014
|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
In this new Journal of Student Financial Aid (JSFA) article, authors Emily A. Andruska, Jeanne M. Hogarth, Cynthia Needles Fletcher, Gregory R. Forbes, and Darin R. Wohlgemuth pose two questions: Do students know whether they have student loans? And, do they know how much of their loans is still outstanding? Their results suggest that although most students are aware that they owe on student loans, they often underestimate the amount they owe. Read the full article for more on their results and a discussion of the roles that counselors, educators, and policymakers can play in improving students’ understanding of their student loan debt.
The NASFAA Board of Directors recently approved a $5 increase to
the base dues fee for the 2015-16 year, increasing the base fee
from $825 to $830, and a .004 increase to the FTE multiplier from
.085 to .089. This increase is less than average historical dues
increases. It is being announced nearly eight months prior to the
start of the fiscal year (July 1, 2015) to give schools sufficient
time to plan accordingly.
With only one week remaining, register now for NASFAA University’s Online Course Overview of the Financial Aid Programs 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.
U.S. DEPARTMENT OF EDUCATION
The Common Origination and Disbursement (COD) School Relations Center will conduct Common Record Manual Verification and Structured Application Testing for the 2015-2016 Award Year from January 2, 2015 through November 6, 2015. Optional Unstructured Testing will be available April 20, 2015 through December 18, 2015.
This Electronic Announcement provides suggested text in APPENDIX A for each of the required 2015-2016 verification items that were identified in the June 25, 2014, Federal Register notice.
The Department announces the posting of the 2015-2016 Summary of Changes for the Application Processing System guide.
"In a time of frantic calls to raise the number of Americans
with university degrees who will be needed to feed the globally
competitive knowledge economy, only two states - North Dakota and
Alaska - have increased spending per student on higher education,
when adjusted for inflation, since the economic downturn, according
to the independent Center on Budget and Policy Priorities,"
according to The Hechinger Report.
"Dianne Cox knows people who'd rather do their income taxes than
fill out the Free Application for Federal Student Aid (FAFSA), a
108-question form that needs to be filed annually for college
students to get most kinds of financial aid," The
Chattanooga Times Free Press reports.
"Patrick Wright is $32,000 in debt despite a Regents Scholarship
that pays for his tuition," the Daily Nebraskan reports.
"The average debt for UNL undergraduates post-graduation is
$20,567. But the average indebtedness data can be misleading, said
Craig Munier, director of the UNL Office of Scholarships and
Financial Aid [and former NASFAA National Chair]."
"If you listen to all the commotion, you would think that the
level of college debt in the U.S. today is a crisis of epic
proportion-hundreds of thousands of unfortunate young people
leaving college with crushing loan debt. The facts might surprise
you," Lucie Lapovsky writes in a Forbes opinion
"Not every college education is created equal, and it should
come as no surprise that Colorado children from the lowest-income
families are the least likely to go to the best colleges,"
according to an editorial from The Denver Post.
Blogs and Think Tanks
"For years Senator [Lamar] Alexander has literally held up the
current ten-page FAFSA taped together, arguing that such undue
complexity reduces college access," New America's
"If you're a shoestring start-up trying to get noticed in an
enormous industry, there's nothing that helps more than having big
players try to ban you. But from financial services to airlines,
the pattern repeats itself again and again, as the lumbering giants
seek to destroy rather than cooperate," The New York
Times' Your Money reports.
"I fear many student loan borrowers are flunking out when it
comes to choosing the right repayment plan. Here's a quick quiz to
test your repayment smarts," Suze Orman writes on her
show's MSNBC blog.
NASFAA CAREER CENTER