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today’s news for Friday, October 16, 2015

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NEWS FROM NASFAA

A couple of weeks ago, Mr. Ethics discussed whether – in order to prevent fraud and deter "school jumpers" – it's OK to hold a student's overage check until after the final financial aid disbursement. Check out the question and his answer. If you're working through a common ethical question and want some help, email Mr. Ethics at [email protected] with your inquiry or have a look at prior Ask Mr. Ethics columns for answers to other tricky questions.

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If you need the definition of a word, you head to the dictionary. If you need an alternate word, you go to the thesaurus. When you need clarification or information on a financial aid term, skip the search engine, and go right to the Student Aid Index. This intuitive online tool directly connects you to resources, regulations, definitions, in a streamlined drill-down format. The right tool is there for you—check out the Student Aid Index.

Do you know a former student who received financial aid and went on to graduate and do something special with his or her life? If so, please submit that story for possible inclusion in the next Student Aid Success Stories publication, which is being compiled as part of NASFAA's 50th Anniversary Celebration. One or two stories will be selected from every state for publication. Up to five individuals will be invited to speak at the 2016 NASFAA Conference to share their stories with conference attendees. Submissions are due by February 1 - share your story today.

NASFAA UPDATES AND ANNOUNCEMENTS

Participating in the NASFAA election process is an important way to contribute to your association. Start by nominating a colleague today. NASFAA holds elections each year to select members to serve on its Board of Directors, which provides oversight and guidance for the direction of the Association. The nomination deadline is Wednesday, September 25, at 5:00 p.m. ET.

U.S. DEPARTMENT OF EDUCATION

The Department announces the availability of an updated version of the National Student Loan Data System (NSLDS) Gainful Employment User Guide, now available on the NSLDS User Documentation page on the Information for Financial Aid Professionals (IFAP) Web site.

Early each year, the Department implements Common Origination and Disbursement (COD) System functionality that supports processing for the upcoming award year.

x - FEDERAL REGISTER

The Secretary invites postsecondary educational institutions (institutions) that participate in the student financial assistance programs authorized under title IV of the Higher Education Act of 1965, as amended (HEA), to apply to participate in a new institutionally based experiment under the Experimental Sites Initiative (ESI).

x - HEADLINES

National News

"It's 20-year-old Randall Lofton's third shot at college. He's already wiped out twice. Too much partying and basketball, he says, and not enough studying," according to NPR.

"The Consumer Financial Protection Bureau is seeking information from a national accreditor about the for-profit colleges it oversees, which include several controversial chains," Inside Higher Ed reports.

"At the University of Wisconsin-Madison next September, nearly half of all freshmen are expected to hail from other states. The university system’s Board of Regents recently lifted the 27.5 percent cap on out-of-state undergraduates at its flagship campus—a decision that’s emblematic of a nationwide trend at public colleges to both raise revenue and boost selectivity," The Atlantic reports.

State News

"Thousands of students this fall are taking advantage of the Tennessee Promise, the much-vaunted program that provides two years of free tuition to any high-school graduate in the state who attends community college or technical school," The Atlantic reports. "Whether they’ll last beyond the fall semester, though, is far from certain."

Blogs & Think Tanks

"Today, the Department of Education unveiled a new initiative to use an experimental site to issue federal student aid dollars to innovative programs like bootcamps where students enroll in relatively short programs (often three to six months) to learn coding skills and gain high paying jobs," Alexander Holt writes in New America's EdCentral.

"The federal government released earnings data on U.S. colleges and universities for the first time last month," according to The Brookings Institution's Up Front.

"The majority of all new jobs in the U.S. are created by startups and small and medium-sized businesses -- and that entrepreneurial engine has slowed down considerably," Brandon Busteed, executive director of Education and Workforce Development at Gallup, writes in a blog post.

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