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today’s news for Tuesday, October 20, 2015

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For over 20 years, ELM Resources has provided open and lender-neutral choice. Our new web interface, ELMOne, converges your interaction with the complete suite of ELM Products (ELMNet, ELM NDN, and ELMSelect). Built with the latest and most secure technologies, ELMOne will become your go-to resource to manage private student loan services.  www.elmone.com.

NEWS FROM NASFAA

High school graduates from high-income, low-minority schools have higher six-year college graduation rates than their counterparts from low-income, low-minority schools, according to new data from the National Student Clearinghouse (NCS).

On September 10, Mr. Ethics reviewed how to talk with students about allowable expenses and the importance of providing resources that demonstrate how to be good stewards of federal funds. 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. We will make sure your identity remains anonymous if your question is chosen to run in Today's News. Check out prior Ask Mr. Ethics columns for answers to other tricky questions.

Leadership Conference

New for 2016, the Leadership & Legislative Conference & Expo will include an Enrollment Management Pathway which will cover fundamentals of enrollment management; strategies; fiscal realities; how to understand available data; ethical opportunities, dilemmas and challenges; and more. The Conference & Expo, to be held February 22-24, 2016, in Washington, D.C., includes two days of sessions on various leadership and professional development topics, followed by a day on Capitol Hill where participants can advocate on behalf of their students. View the draft agenda and register for the Conference & Expo today.

NASFAA U

The Administrative Capability Credential assesses comprehension of the administrative capability provisions and what a school should do to demonstrate its continued compliance as a participant in the Title IV Programs. Show you understand the cornerstone of Title IV regulations, knowing exactly what it takes for a school to participate in the Title IV programs. Earn your Administrative Capability Credential from NASFAA U.  

U.S. DEPARTMENT OF EDUCATION

An otherwise eligible student can receive a Direct Subsidized Loan when that student has a Remaining Eligibility Period that is 1 year or greater. However, there are special considerations if the student's Remaining Eligibility Period is greater than 0 years, but less than 1 year.

The letter provides information about a new form for use by lenders and loan servicers in the Direct Loan and Federal Family Education Loan programs.

x - HEADLINES

National News

"The U.S. Department of Education on Monday notified ITT Educational Services Inc. that it was placing the giant for-profit educator under tighter restrictions for accessing federal student-aid money, saying the company had failed 'to meet its fiduciary obligations,'" The Chronicle of Higher Education reports.

"Some 1,700 colleges and universities that offer federal Perkins Loans may have to return billions if lawmakers do not move to renew the nearly 60-year-old financial aid program," UPI reports.

"The Obama administration is planning new executive action on higher education accreditation in the coming weeks, as part of a push to make accreditors focus more heavily on student outcomes when judging colleges and universities, officials said Monday," Inside Higher Ed reports.

"With a tepid economic recovery and wage growth that fails to meet expectations, some workers may be wondering whether there’s an antidote to the fiscal malaise. Increasingly, many large companies are offering their employees the chance to pursue a college education at little or no cost, giving them an opportunity to bulk up their resumes even when their paychecks can’t keep up with the growing costs of a degree," according to The Atlantic.

"ITT Educational Services will suspend new student enrollment at several of its 135 campus locations, including campuses in Wichita, Kans., and South Bend, Ind.," Inside Higher Ed reports.

"A total amount of $13.7 million is allocated for the establishment and support of the higher education programs of 23 Predominantly Black Institutions (PBI)," according to iSchoolGuide.

State News

"A federal student loan program that aids nearly 40,000 Pennsylvania students — nearly 1,000 of them in the Lehigh Valley — has expired, leaving behind a narrow set of requirements intended to keep money flowing to some students as the program winds down," The Morning Call reports. NASFAA is mentioned in this article.

"Juniors and seniors are planning and preparing for College, but after Congress decided not to renew the Federal Perkins Loan Program, there are less options for these students when it comes to financial aid," 1011now.com reports.

"Let’s say that you are a rural high school student, you apply to college and are able to get into the school of your dreams. First of all, congratulations! But secondly, you must have a very obvious question on your mind. How am I going to pay for this? College affordability is a major issue and many high school seniors, in all environments, face this question every spring. If you’re in a low-income household however, you may be looking at a bill that is insurmountable," the Bangor Daily News reports.

"In Maine, where every newborn gets an automatic $500 grant towards a college education, one family had taken full advantage of the state's generous college savings initiatives," NPR reports.

"Higher education is certainly a priority for this tight-knit Maple Valley family. College professor Walter Lowe and his wife, Annerose Lowe, are determined to help their five children earn college degrees and start their careers without taking on mounds of student debt," The Seattle Times reports.

Opinions

"The new projection that California will be short 1.1 million college-educated workers in 2030 should give pause to anyone who cares about our economic outlook. It would give nightmares to Timothy White if only he were not a 'pathological optimist,'" John Diaz, The San Francisco Chronicle’s editorial page editor, writes in an opinion piece.

x - INDUSTRY NEWS

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