SEARCH TODAY'S NEWS ARCHIVES
NASFAA
TODAY'S NEWS

today’s news for Wednesday, May 17, 2017

Brought to you by:

Great Lakes, College Board, Inceptia, CampusLogic, Student Connections, Financial Aid TV, and ELM Resources. Thank you to all of our advertisers.

NEWS FROM NASFAA

A group of Democratic lawmakers on Tuesday introduced a bill to strengthen the Pell Grant program by increasing funding, expanding eligibility to reach more students, and other significant changes.

NASFAA members from three California institutions met with congressional staff members on Capitol Hill Tuesday to urge support for student financial aid programs, and to discuss issues of importance for graduate students, DREAMers, and concerns with the IRS Data Retrieval Tool outage.

Nearly all of the highest-risk student loan borrowers are not enrolled in federal repayment plans that may help them better manage payments –– and about half of those borrowers redefault, according to a new analysis from the Consumer Financial Protection Bureau (CFPB).

AskRegs

Learn the answer to this question and learn how to instantly find credible and reliable solutions to your most pressing regulatory and compliance questions with NASFAA's AskRegs Knowledgebase. The Knowledgebase guide and video tutorials highlight the many features of this tool.

Webinar Logo

Sometimes it seems like the need for students to provide documentation in the financial aid office is endless. What document do you need? When do you need it? Why do you need it? Join NASFAA's Chief Training Officer Dana Kelly and Online Instruction Manager Amanda Sharp for "Documentation: What, When, and Why," as they guide you through the maze of documentation you face every day. The live webcast is set for Wednesday, June, 7, at 2:00 pm ET. Register now.

U.S. DEPARTMENT OF EDUCATION

The Department announces the FSA ID enhancements that it described in an April 18, 2017 Electronic Announcement were successfully implemented this past weekend. 

x - HEADLINES

National News

"Minimal transparency and oversight of the Education Department’s financial arm has allowed a unit responsible for $1.1 trillion in federal loans and grants to operate with little accountability to students or taxpayers, according to a report released Tuesday by the National Association of Student Financial Aid Administrators," The Washington Post reports.

"If you're sitting on a huge pile of student debt and think your loan interest deduction will save you loads on taxes, think again," CNBC reports.

Opinions

"On Saturday, President Donald Trump delivered a commencement address before thousands of graduates at Liberty University in Virginia. While the speech provided those in caps and gowns with words of encouragement, when it comes to actions during the first 100 days, the only well wishes this administration is sending are to companies and schools that take advantage of students," Ben Miller, senior director for postsecondary education at the Center for American Progress, writes in an opinion piece for U.S. News & World Report.

"For many in California, May marks the beginning of commencement season. Graduates and their families mark their accomplishments and step forward to new opportunities. Unfortunately, increasingly in California, the month highlights a more somber reality," Julia I. Lopez and Mike Roos write in an opinion piece for the San Francisco Chronicle.

x - INDUSTRY NEWS

NASFAA CAREER CENTER


NEXT

Contact us to submit questions, content or to purchase advertisements.

View Desktop Version