today’s news for Thursday, October 17, 2013

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ELM Resources introduces ELMSelect 2.0, our newly enhanced lender comparison resource.  ELMSelect 2.0 provides you with the ability to manage your lender list in compliance with current regulations and according to your preferences, while providing your students with the details necessary to make informed borrowing decisions in an interactive format.  For more information visit:



Deal Reached On Debt Limit And Federal Budget

A deal was reached yesterday to end the more than two-week old government shutdown and provide the Treasury Department with the borrowing authority to continue to pay the nation's bills on time and prevent default. This is a stopgap measure that will extend the current funding levels past Christmas.

Two Financial Aid Policies That Attract Low-Income Students

Institutions vying to enroll more low-income students may want to consider implementing financial aid policies shown to entice Pell Grant recipients, according to "Institutional Variation in Enrollment of Low-Income Students: The Role of Prices, Financial Aid Policies and Selectivity," a new report released by the Cornell Higher Education Research Institute.

AskRegs Knowledgebase Answers: Is There An Appeal Process For Pell Lifetime Eligibility Used (LEU)?

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.

Register Today For NASFAA's Financial Aid Overview Course Set To Begin Dec. 3

Looking for an effective training tool for new financial aid staff? Well look no further, NASFAA's Overview course is your solution! Back by popular demand-- and now in an accelerated format-- this course introduces learners to basic financial aid concepts, categories and types of financial aid, the Title IV aid programs, and other federal sources of assistance to students. The course is also a great way to help your institution's non-financial aid staff gain a basic understanding of financial aid programs and requirements. The class begins December 3. Register today to reserve your spot!


8-16: Submission of Annual Campus Security and Fire Safety Reports

Under the Department’s regulations at 34 CFR 668.41(e), all institutions are required to submit to the Department an Annual Campus Security Report (Clery Act Reporting) and, if the institution maintains any on-campus student housing facilities, an Annual Fire Safety Report.


National News

Managing Student Loans: The Administrator's Role

"Being a financial aid administrator is an accident waiting to happen these days. The soaring costs for college have produced a soaring amount of applications for assistance, creating a constant stream of traffic at the Financial Aid Office," University Business reports.

How Financial Literacy Programs Control Student Debt

"While [financial literacy] programs stress that borrowing to get a college degree can be a wise investment that pays off big in lifetime earnings, one of their other top aims is reducing the student loan default rate," University Business reports.

The Student Loan Horror You Need To Know

"It's one thing to avoid buying property because you want to be risk averse in a turbulent economy. It's another to suggest that 20- and 30-somethings may be camping out at chez Mom and Dad, because the idea of buying or even renting while their credit scores are borderline or whacked has left them spooked," reports.

5 Ways To Reduce Student-Loan Debt

"In a recent column on how to keep student-loan debt under control, I made the point that we need to apply out-of-the-box, even radical ideas to tackle spiraling college costs and student-loan debt. [T]he National Association of Student Financial Aid Administrators sent me its own recommendations, which include letting institutions set loan limits for certain categories of borrowers and making income-based repayment the automatic default for all borrowers," Janet Bodnar writes for Kiplinger's.




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