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today’s news for Friday, November 6, 2015

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NEWS FROM NASFAA

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Under certain circumstances dependent students may be able to borrow additional Direct Unsubsidized Loan funds to help finance their education. This webinar, now available for on-demand viewing, focuses on when a financial aid administrator may utilize these Title IV funds for students, the use of professional judgment, and the importance of the timing of a PLUS denial. The webinar – offered at a cost of $115 for members, $230 for non-members, and at no additional fee for webinar package purchasers  – will be available until November 17, 2015.

Since its inception 50 years ago, NASFAA has helped thousands of students reach their higher education goals. Imagine how far NASFAA will lead us in the next 50 years Help us reflect on our past and look to our future. Memories and artifacts are being gathered for the first-ever NASFAA Time Capsule, which will be sealed at the 2016 NASFAA Conference and reopened in 50 years.

NASFAA UPDATES AND ANNOUNCEMENTS

If you have significant financial aid experience and enjoy sharing your wisdom with others, volunteer your services using NASFAA's online Speaker and Mentor Directory. Simply log in to your myNASFAA profile, scroll down to the bottom of the page and click the blue "Edit" button, navigate to the "Demographic Information" tab, and scroll down to the "Speaker and Mentor Directory" listing. Once you complete your profile, your information will be saved in the NASFAA database and you can update it any time. Users can search for a) mentors to financial aid administrators, b) mentors to high school guidance counselors, c) speakers for financial aid meetings or training events, and d) speakers for high school events. If you are ready to add your name and expertise, please log in to your profile now.

x - HEADLINES

National News

"The U.S. Department of Education plans to announce on Friday a narrow set of new requirements for the nation’s higher-education accreditors, the private, nonprofit organizations that serve as the gatekeepers to billions of dollars in federal student aid," The Chronicle of Higher Education reports.

"When President Obama initially declared the Department of Education would issue a ratings system for colleges and universities to help parents and prospective students find the best 'value' for the money they spend on education, the ambitious idea raised eyebrows across the higher education landscape," according to Diverse Issues in Higher Education.

"The collapse of for-profit Corinthian Colleges has been a calamity for Afghanistan and Iraq veterans who not only lost their chance at a college degree from the shuttered schools but can’t get back tens of thousands in tuition covered by the GI Bill," Politico Pro reports. "Now there’s a movement in Congress to bail out the veterans and give them a second chance at a degree."

"... To some, liberal-arts schools have started to look like unaffordable luxuries. Liberal-arts supporters have pushed back on this capitalistic view of higher education, arguing that the fruits of education aren’t just earnings and job training—it’s supposed to make good citizens," The Atlantic reports.

"It’s a higher-ed cliché as shopworn as final exam all-nighters and football fight songs: the knowledge-hungry, thrifty college scholar who fills up on ramen noodles and Spaghetti-O’s until the next well-stocked care package arrives from home," according to TakePart. "The 'starving student' rite of academic passage, however, has taken a darker, literal, and more dangerous turn."

State News

"There are major developments affecting area students in an investigation of for-profit colleges, the ABC7 I-Team is reporting exclusively. The Illinois attorney general has reached a multimillion-dollar agreement with Westwood College," ABC7 reports.

Opinions

"Increasing access to an affordable, high-quality education is a priority we share with families throughout New York and our nation," Elise Stefanik and Nancy Zimpher write in an opinion piece for the Press Republican. "We are committed to devising new strategies and tools that broaden college access and push graduation levels to new heights."

"... While my grandfather may not have been overly profligate, let me tell you who has: colleges and universities. Lazy Rivers are a symptom of profligacy – the aquatic equivalent of my grandfather’s 7-Minute Joy. But we get a better sense of the magnitude by looking at college indebtedness," Ryan Craig writes in an opinion piece for Forbes.

x - INDUSTRY NEWS

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