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today’s news for Wednesday, March 13, 2019

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NEWS FROM NASFAA

After 18 months of work, the Higher Education Committee of 50—a group facilitated by NASFAA, comprised of college presidents, enrollment managers, financial aid staff, students, and other leaders from all postsecondary institution sectors—will unveil its final report at a rollout event this afternoon. The committee was tasked with identifying emerging policy issues that impact students and the higher education landscape, with a focus on four specific policy areas: access, affordability, transparency, and accountability. The final report contains 36 recommendations for Congress. Read the executive summary and full report now and join us in getting more eyes on any recommendations you find particularly interesting by posting and tweeting on social media using #HEC50.

The Senate Health, Education, Labor, and Pensions (HELP) Committee on Tuesday once again renewed its efforts to work toward reauthorizing the Higher Education Act (HEA) by holding the first of several planned hearings, focusing on simplifying the FAFSA and reducing verification burden.

The House Subcommittee on Labor, Health and Human Services, Education, and Related Agencies (Labor-HHS-Education) held a hearing Tuesday to learn more about for-profit colleges in an effort to protect students and taxpayer dollars from predatory practices. This is only the second congressional hearing since 2010 focusing on for-profit institutions.

NASFAA UPDATES AND ANNOUNCEMENTS

The pop quiz question and answer we ran in Today's News yesterday incorrectly stated that the answer to this question was "yes." We have since updated the answer to reflect guidance provided in IRS Publication 17. We apologize for any confusion this may have caused. Read on to see the full question and the updated answer.

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NASFAA brings continuing education to you via livestreamed webinars and recorded sessions that can be viewed on demand. Our live webinars bring you the latest information on a variety of important topics and provide an opportunity to actively engage with NASFAA staff and featured presenters from the government, partner organizations, and fellow aid offices, while our on demand webinars allow you to participate in a professional development event when it is most convenient for you. Head to our Tools & Resources page to check out this and other benefits available to our members. Already familiar with our webinars? Use #NASFAAFeaturedResource on social media to tell us why they are a valuable part of your NASFAA membership.

x - FEDERAL REGISTER

The Historically Black Colleges and Universities (HBCU) Program and the Student Aid and Fiscal Responsibility Act (SAFRA) of 2009 are authorized by Title III, Part B and Part F. The purpose of these programs is to provide historically Black institutions with resources to establish or strengthen their physical plants, financial management, academic resources, and endowments. In accordance with the Paperwork Reduction Act of 1995, ED is proposing a reinstatement of a previously approved information collection. Interested persons are invited to submit comments on or before April 12, 2019. 

eZ-Audit is a web-based process designed to facilitate the submission of compliance and financial statement audits, expedite the review of those audits by the Department, and provide more timely and useful information to public, non-profit and proprietary institutions regarding the Department’s review. eZ-Audit establishes a uniform process under which all institutions submit directly to the Department any audit required under the Title IV, HEA program regulations. eZ-Audit continues to have minimal number of financial template line items and general information questions. In accordance with the Paperwork Reduction Act of 1995, ED is proposing an extension of an existing information collection. Interested persons are invited to submit comments on or before May 13, 2019.

 The Strengthening Historically Black Graduate Institutions (HBGI) Program provides grants to assist institutions in establishing and strengthening their physical plants, development offices, endowment funds, academic resources and student services so that they may continue to participate in fulfilling the goal of equality of educational opportunity in graduate education. In accordance with the Paperwork Reduction Act of 1995, ED is proposing an extension of an existing information collection. Interested persons are invited to submit comments on or before April 12, 2019.

x - NOTABLE HEADLINES

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