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today’s news for Wednesday, July 22, 2015

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NEWS FROM NASFAA

NASFAA conference attendees celebrated successes of the recent past and looked to the future of the organization and the profession in New Orleans Tuesday. In addition to many professional development sessions, the membership welcomed its new National Chair, Dan Mann, and thanked outgoing National Eileen O'Leary for her service. Read on for summaries of selected sessions and check out NASFAA's Facebook albums for pictures from the conference.

Conference attendees congregated yesterday for the Awards Luncheon And Business Meeting, where a number of deserving recipients were awarded and recognized. These awards are reviewed and selected annually by NASFAA’s Awards Committee and ratified by the Board of Directors. Many of the recipients accepted their awards in person, including 2014-15 NASFAA National Chair Eileen O’Leary and Connie McCormick, NASFAA’s former chief training officer.

Supported by the Lumina Foundation, the Institute for Higher Education Policy's (IHEP) newly released tactical guidebook explains the way in which data is used by those in the education, business and policy sectors, as well as by community organizations, to support students and improve completion rates. Among other topics, the guidebook chapters detail "promising practices in communities that have been successful in sharing actionable data" and how to benchmark and assess the progress of community-level data.

U.S. DEPARTMENT OF EDUCATION

This letter announces the latest instructor-led, online training session from Federal Student Aid that provides operational updates for software developers. This session is scheduled for August 20, 2015 and will include information on the COD System, CPS, NSLDS, and EDExpress.

x - FEDERAL REGISTER

The Federal Perkins Loan Master Promissory Note (MPN) provides the terms and conditions of the Perkins Loan program and is prepared by the participating eligible institution and signed by the borrower.

x - HEADLINES

National News

"Is student debt a 'crisis'? It depends on who you ask and who you’re talking about. That was one of the main takeaways from a live debate between experts here about the appropriate way to portray the nation’s $1.2 trillion student debt problem," MarketWatch reports. "Elizabeth Akers, a fellow at the Brookings Institution and Andrew Kelly, the director of the center for higher education reform at the American Enterprise Institute, a conservative think tank, argued against the resolution posed as part of an academic-style debate by moderators at the National Association of Student Financial Aid administrators conference 'student loans are a crisis for students and the economy.'"

"Like many campus offices, financial aid is doing more with less. The pattern looks like this: More students are applying for aid, and more aid is being awarded, but aid offices’ operating budgets are flat, according to a report released this year by the National Association of Student Financial Aid Administrators, or Nasfaa," The Chronicle of Higher Education reports.

"Seven months after graduating college during the depths of the Great Recession in 2009 Kathleen Garvin was still adjusting to post-college life the first time her alma-mater called asking her for money," MarketWatch reports.

"A new report about college-going nationwide underscores how much financial aid is available to low-income families, yet shows that many do not take advantage of it," The Seattle Times reports.

State News

"It's the study that many higher-ed watchers are talking about but that few have actually seen: an analysis by Vanderbilt University that asserts the institution spent about 11 percent of its budget, or some $150 million, complying with federal regulations in 2013-14," The Chronicle of Higher Education reports.

Opinions

"The outcry over the growing burden of Stafford student loans is loud and getting louder," James L. Doti, president of Chapman University, writes in an opinion piece for The Chronicle of Higher Education.

Blogs & Think Tanks

"While it is common knowledge that college costs are rising in the United States, the net prices that students pay, after accounting for scholarships, are actually rising faster for lower-income students than their higher income peers. The culprit? A dramatic shift away from need-based financial aid, occurring in state, public university, and private college scholarship programs since the mid-1990s," according to The Huffington Post.

x - INDUSTRY NEWS

NASFAA TRAINING


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