SEARCH TODAY'S NEWS ARCHIVES
NASFAA
TODAY'S NEWS

today’s news for Monday, November 13, 2017

Brought to you by:

Regent Education. Regent Education’s financial aid solutions and services help institutions improve the student experience, process awards faster, and automate standard and nonstandard term financial aid. Learn how Regent can help your institution increase enrollment, improve retention, and mitigate compliance risks. Contact us at www.regenteducation.com/contact-us.

NEWS FROM NASFAA

NASFAA has been awarded a grant to convene the Forward50, a group of seeking forward-thinking campus leaders tasked with developing policy solutions. We are currently college presidents, enrollment managers, admissions staff, bursar's office staff, and other leaders from public and private two- and four-year institutions across the country to serve on the committee over the next 18 months. If there is someone on your campus in one of the offices listed on our charter, or someone that you have worked with from another institution, who you think may be a good fit, please encourage them to apply by Friday, December 1 using our volunteer form.

NASFAA members from Ohio and Connecticut institutions met with congressional staff members on Capitol Hill Thursday to push lawmakers to extend the Perkins Loan program, increase the maximum Pell Grant award, support the Public Student Loan Forgiveness (PSLF) program, and discuss other financial aid priorities for the reauthorization of the Higher Education Act.

While millions of manufacturing workers lost their jobs over the past 20 years as technology turned traditional positions obsolete, states have increased the number of blue-collar jobs for workers without bachelor’s degrees in other industries, according to new research from the Georgetown University Center on Education and the Workforce.

Webinar Logo

Register today for Thursday’s complimentary webinar to hear first-hand from current financial aid administrators not only how to avoid costly fines, but why schools need to have peer reviews. (Here’s a sneak peek: We can find things your auditor may miss.)

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.

U.S. DEPARTMENT OF EDUCATION

The COD Processing Update provides information related to COD System processing and includes the following sections: COD News and Updates, Current Issues (with a subsection for All Programs, Direct Loans, and Grants), and Reminders.

The Central Processing System (CPS) will conduct a reprocessing on Nov. 13, 2017, to resolve an issue on the 2018–19 fafsa.gov website. The issue caused incorrect information to be submitted to the CPS and displayed on the Student Aid Report (SAR) sent to applicants. There will be a follow-up reprocessing for records that were placed on hold or were in an application or correction status and saved prior to the fix being implemented. This reprocessing will occur in December 2017.

The Appendices for the 2017-2018 Federal Student Aid Handbook are presented as PDF files.

x - FEDERAL REGISTER

In accordance with the Paperwork Reduction Act of 1995, ED is proposing an extension of an existing information collection. Interested persons are invited to submit comments on or before Jan. 12, 2018.

x - HEADLINES

National News

"Lobbyists are pushing back on new tax proposals that could cut back taxpayer charitable giving by at least $13 billion," according to NBC Nightly News With Lester Holt. "...It's a scramble among lobbyists and interest groups from the real estate industry to those fighting to keep the student loan exemptions, all desperate to preserve prized tax breaks."

"Student loan borrowers who work in public service jobs may want to double-check that they are doing everything they need to if they want their loans forgiven under a federal program," CNBC reports. "October marked the first month in which borrowers could have made enough qualifying payments to apply to have their debt wiped away. About 139 borrowers reached that threshold as of the end of 2016, according to the National Association of Student Financial Aid Administrators."

"The Senate tax reform proposal released late Thursday night includes an excise tax on large private college endowments that has been strongly opposed by higher ed groups," Inside Higher Ed reports.

"For-profit colleges drew attention again [last] week after troves of newly public data showed the overwhelming impact the institutions have had on student borrowers," Diverse: Issues in Higher Education reports. 

"Maybe you’ve seen the ads? A somber voice ticks off the debts a young woman piled up while she attended college. 'Why did she borrow $42,000 for tuition?' the voice says, over images of the woman moving into her dorm and studying in the library. 'Why did she borrow $19,400 for room and board?' 'She did it to work for you,' the announcer tells potential employers, 'and now you can do something for her,'" according to Marketplace

"The long wind-down of Corinthian Colleges continued Wednesday with the planned closure of all but three of the remaining campuses that the defunct for-profit chain formerly owned," Inside Higher Ed reports.

"U.S. Sens. Mark R.  Warner (D-VA), Dean Heller (R-NV), Tim Kaine (D-VA) and Cory Gardner (R-CO) introduced bipartisan legislation to help students make smarter decisions in the financing of their higher education," the Augusta Free Press reports. 

State News

"The long-time federal Perkins Loan Program for college and university students expired at the end of September after a two-year extension in 2015. Higher education officials fear the end of the program could mean a gap in financial aid for low-income students," Wisconsin Public Radio reports. 

Opinions

"Taxing higher education to pay for other reductions in the House Republicans’ draft tax reform bill, with the potential to negatively affect benefits like student and family education credits and deductions as well as college endowments, is bad public policy," Catherine Bond Hill, president emerita of Vassar College and managing director of Ithaka S+R, writes in a letter to the editor of The New York Times. 

NASFAA TRAINING

NASFAA CAREER CENTER


NEXT

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

View Desktop Version