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How do you Engage an Audience of ONE? Cegment’s Student Engagement Solutions are designed to help institutions convey their unique value and understand affordability with each communication tailored to the individual student’s circumstances. Learn more about how to increase engagement with students at every stage of the financial and enrollment process. Learn more.

On July 2 NASFAA submitted comments on the Notice of Proposed Rulemaking (NPRM) on cash management issues published on May 18.

As NASFAA previously reported, the Department of Education (ED) provided clarification about the Perkins Loan grandfathering provisions in a questions-and-answers document. In late June, ED updated two of the Q&As based on questions from NASFAA.

In the broader effort to improve the financial capability of young Americans, policymakers should simplify aspects of higher education, including the FAFSA, repayment options, and access to technology, the President’s Advisory Council on Financial Capability for Young Americans said in a report issued last week.

Attention NASFAA primary contacts, the deadline for the College Board’s 5-minute survey on institutional loans is today. The survey, previously sent to you by NASFAA via a direct email with a link, is to be published as part of the annual "Trends in Student Aid" report, released each fall. Please complete the survey even if your institution does not offer institutional loans. Data will be published in the aggregate and individual institutions will not be identified.

NASFAA is collaborating with the Association for the Study of Higher Education (ASHE) in a yearlong effort to help researchers better tailor their work to the needs of financial aid administrators. You are invited to attend a facilitated discussion at the 2015 NASFAA National Conference to provide input to researchers about how their work can be made more applicable in your day-to-day life as a financial aid administrator. These sessions will be held in Imperial 3 - Level 4 (Hyatt Regency New Orleans) on Monday and Tuesday morning from 8:00 - 8:45 am and Tuesday afternoon from 4:15 - 5:15 pm. Please contact [email protected] with any questions.

Recently released, the Federal Pell Grant credential test assesses comprehension of the Federal Pell Grant and Iraq and Afghanistan Service Grant programs. This nationally recognized credential focuses on selecting the appropriate formula for term-based and nonterm based programs, as well as additional considerations when calculating and processing these programs. Earn your Federal Pell Grant Credential from NASFAA University! 

Attachments A, B, C and D contain the quarterly special allowance rates computed pursuant to section 438. Attachment E contains the bond equivalent rates of the 91-day Treasury Bills auctioned during the quarter.

"Virtually every college, company, advocacy group and other party that commented on proposed new federal rules on campus financial products by last week's deadline asserted that it had students' best interests at heart," Inside Higher Ed reports. "'We hope that the department heeds community concerns regarding overregulation, burden with no justifiable return and regulatory impediments to meeting the needs of a diverse student body,' NASFAA said. 'Entities cannot infinitely absorb burdens of regulatory inefficiencies as a cost of doing business.'"

"Some higher education observers have long thought that there has been a relationship between the cost of college and the availability of student loans. Cheap money—and more of it—puts upward pressure on the price of tuition. Now the New York Fed has noticed it also and has produced a study that delves into this issue," The Street reports.

"A New Jersey lawmaker says the state should try something novel to help people climb out of all that debt from their college days: set up a lottery in which the winning tickets pay off student loans," NJ.com reports.

"The University of California admitted about 1,000 fewer California applicants for the academic year starting this fall, while the number of out-of-state applicants admitted -- both from the rest of the United States and from abroad -- was up by a bit more than 1,000 each," Inside Higher Ed reports.

"Paying for college never is easy, but it’s easier than most people think. Yet some politicians and pundits say students can’t afford a college education. That’s wrong. Most of them can," Sen. Lamar Alexander (R-TN), chairman of the Senate Health, Education, Labor, and Pensions Committee, writes in an opinion piece for The Wall Street Journal.

"If you’re reading this, 'college' may connote a very expensive, four-year residential institution where one comes of age, acquires what one hopes will become an impressive lifelong credential and a network of useful friends, and learns at least something of the liberal arts," Nicholas Lemann writes in an opinion piece for The New Yorker.

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