Today's News for
Thursday, November 20, 2014
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NEWS FROM NASFAA
The Policy Brief, an occasional video series, gives members a quick glimpse into what NASFAA’s policy team is working on. In this installment Assistant Director of Federal Relations Jesse O’Connell discusses the recent Congressional elections and how the Republican takeover of Congress might impact the reauthorization of the Higher Education Act.
Several consumer media outlets examined the spectrum of student
loan borrowing decisions this week. CNBC, quoting
NASFAA President Justin Draeger, offered readers "7 Ways To Stop
Student Loans From Ruining Your Life. " Over
at Forbes, writer Robert Farrington released his take
on "The 3 Biggest Mistakes People Make With Student Loans,"
including going to college without a plan and using debt refunds
for extracurricular activities. Let us know what you consider the
biggest borrowing mistakes and share the ways you help students to
avoid them in the comments section.
Most homeless students and students from foster care don't have
families to return to during academic breaks. Instead of enjoying
the warmth of home and family, they scramble for a place to stay,
often hiding their situation due to embarrassment. Join the
National Association for the Education of Homeless Children and
Youth (NAEHCY), the National Center for Housing & Child Welfare
(NCHCW), the National Network for Youth (NN4Y), and Covenant House
in the Home for the Holidays campaign and be a part of the solution
by helping your community develop a plan for assisting these
vulnerable youth with housing over breaks.
With less than two weeks remaining, register today 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.
In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 3501 et seq.), ED is proposing a revision of an existing information collection.
"With President Obama promising to release his controversial
college-rating plan this fall, college leaders are on high alert.
They worry that they'll look bad, that they'll be judged unfairly,
and that the plan will have a host of unintended
consequences," The Chronicle of Higher Ed
"U.S. Representative John Kline of Minnesota, the Republican who
leads the House education committee, will keep that post in the
next Congress," Inside Higher Ed reports.
"Forced to keep discounting their prices as enrollment
stagnates, U.S. universities and colleges expect their slowest
growth in revenue in 10 years, the bond-rating company Moody's
reports," according to The Hechinger Report.
"It's a rare pot of gold - about $17 million in annual lottery
proceeds which the state constitution says must be used for
education - and school districts and other educators are jousting
for a share," The Journal Star reports.
"Opportunity grants - which are given to students who qualify or
come close to qualifying for federal Pell grants - are an 'integral
part' of ensuring access to higher education, said Craig Munier,
director of scholarships and financial aid at the University of
Nebraska-Lincoln [and former NASFAA National Chair]."
"Mindy Ritch pleaded guilty on May 5, 2014, to student financial
aid fraud and was sentenced to 54 months in federal prison today by
U.S. District Judge Michael H. Schneider. Ritch was also ordered to
pay restitution in the amount of $564,447.72," KLTV
"Congress has hijacked the discussions around federal student
loans, asserting that they are somehow a burden to the government.
Considering they generate more than $50 billion in revenue
annually, nothing could be further from the truth," Arthur F. Kirk
Jr., president of Saint Leo University, and Melinda S. Clark,
assistant vice president of financial aid at Saint Leo University,
write in an opinion piece for The Hill. "In fact, the
National Association of Student Financial Aid Administrators has
been calling for an end to loan origination fees for several years,
and renewed that message to Congress last summer in its proposals
for student financial aid reauthorization."
"The current tension over proposed tuition hikes at the
University of California - as much as 5% each year for the next
five years - shouldn't be mistaken for just another debate about
how much students can or should pay. It's nothing less than a
battle for UC's soul," according to the Los Angeles
Times' editorial board.
"University of California President Janet Napolitano has
proposed a tuition increase that could ultimately boost tuition
costs at UC by as much as 25 percent over five years. That's
unacceptable," Toni Atkins writes for The
Blogs and Think Tanks
"Uber is already pushing subprime car loans onto their drivers.
Now the ... on demand car service wants to manage their drivers'
student loan debt too," Valleywag reports.
"The UConn Foundation has agreed on a five-year, $150 million fundraising initiative that will double the amount of money the foundation usually raises each year for scholarships," the Hartford Courant reports.
NASFAA CAREER CENTER
- Financial Aid Officer, Douglas J Aveda Institute - Knoxville, Knoxville, Tennessee
- Financial Aid Systems and Operations Analyst, Brigham Young University - Idaho, Rexburg, Idaho
- Assistant Director for Client Services, Virginia Tech Office of University Scholarships and Financial Aid, Blacksburg, Virginia
- Compliance Specialist, Ultimate Medical Academy, Tampa, Florida
- Director of Funds Management, Stanford University, Stanford, California