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today’s news for Thursday, April 12, 2018

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NEWS FROM NASFAA

As prospective college freshmen are beginning to receive acceptances and financial aid award letters in the mail and trying to determine which school is the best fit financially, a new report shows high school counselors might not have the resources or time to assist them.

In the latest issue of the Journal of Student Financial Aid (JSFA),  James Monks examines how financial aid policies, prices, selectivity, and setting, (urban versus rural,) affect the proportion of Federal Pell Grant recipients enrolled at four-year, nonprofit institutions. Monks determines that studies that focus solely on sticker price or net price do not adequately identify the myriad variables that correlate with low-income student enrollment. Read this full article and others in the latest issue of JSFA.

 Austin 2018

NASFAA is thrilled to have so many knowledgeable, engaging speakers lined up for the conference. Lena Tenney, researcher and facilitation specialist from the Kirwan Institute for the Study of Race and Ethnicity's Race & Cognition, will lead Sunday's optional Pre-Conference Diversity Event on implicit bias, and best-selling author Wes Moore will address attendees at Sunday's opening session. Head to the featured speakers page to learn more about Tenney and Moore, and check out the full speaker list to see who'll be leading all our interest sessions. Early-bird pricing ends May 7. Register today.

AskRegs

Yes. When a clock-hour program is longer than a one academic year and shorter than two full academic years, and if the entire program falls within a single award year (with or without a summer crossover period), then the student can receive Federal Pell Grant funds up to 150 percent of his or her Scheduled Award for the award year under the year-round Pell (YRP) rules. Head to the AskRegs Knowledgebase for the full answer to this question, and for credible and reliable solutions to your other pressing regulatory and compliance questions.

x - HEADLINES

National News

"A federal judge on Monday signed off on a $25 million agreement to settle fraud claims arising from Trump University, the now-defunct education venture of U.S. President Donald Trump, after a former student agreed to drop further appeals," Reuters reports.

"It appears that Silicon Valley is still lyonizing the idea of skipping college, despite a wealth of evidence that the successful transition from college dropout to billionaire is exceedingly rare," MarketWatch reports.

State News

"Democratic gubernatorial candidate Richard Cordray proposed Tuesday to make community college free for all Ohioans," according to The Columbus Dispatch. "'This is a win-win for Ohio businesses and workers,' Cordray, former director of the U.S. Consumer Financial Protection Bureau, said in a conference call with reporters. 'It is affordable. The cost is modest.'"

Opinions

"Congress is back from a two-week recess without much of an agenda. Here, therefore, is a constructive and eminently feasible suggestion: Rescue the 'dreamers,'" The Washington Post's Editorial Board writes in an opinion piece.

"The last time Congress reauthorized the Higher Education Act was in 2008.  George W. Bush was president and Margaret Spellings was secretary of Education," Steve Gunderson writes in an opinion piece for The Hill. "... The world has changed. The role and need for education has changed dramatically. Today, 65 percent of all jobs and 85 percent of all new jobs require some level of postsecondary education. In 2008, training programs were delivered by the Department of Labor. Now, prospective workers seeking new skills depend on Federal Financial Aid offered by the Department of Education."

Blogs & Think Tanks

"I'm lucky enough to have a better half—my wife, Stefanie. She is amazing and consistently makes me a better person. And I'm not the only one who gets to benefit from her greatness—she works as an assistant principal where she provides opportunities to high school students every day. However, she's also somewhat of an outlier—her parents never graduated from college and, statistically, she shouldn't have either," Michael Itzkowitz writes for Third Way.

x - INDUSTRY NEWS

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