NASFAA
TODAY'S NEWS

today’s news for Wednesday, January 3, 2018

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NEWS FROM NASFAA

Less than two weeks after the Department of Education (ED) announced it would use federal earnings data to determine the amount of debt relief for successful borrower defense claims, Sen. Elizabeth Warren (D-MA) called for the Inspectors General of two federal agencies to review the data use, claiming the move may violate ED's information exchange agreement with the Social Security Administration (SSA).

Enrollment in income-driven student loan repayment plans, as well as the number of borrowers who submitted at least one approved form used to track their eligibility for the Public Service Loan Forgiveness (PSLF) program has increased since last year, according to new data from the Department of Education’s (ED) Office of Federal Student Aid (FSA).

The majority of first-time, full-time college students who enrolled in four-year institutions in 2010 graduated on time, according to data released last week from the Department of Education's (ED) National Center for Education Statistics (NCES). The provisional data also highlighted the average net prices for students by sector, and more detailed outcome metrics based on gender, race and ethnicity, and enrollment intensity.

To ensure that Today’s News is providing members with the news and information they want, and not expending time and energy on issues, topics, or resources that aren’t of interest, NASFAA held two focus groups and conducted a survey of NASFAA members. As a follow up to those efforts, the TN Feedback Working Group will provide input that NASFAA’s communications staff can use to definitively make and implement changes to Today’s News in the first quarter of the 2018 year. Review the task force charter for more details, and, if interested, complete the volunteer form.

Have you recently moved to a new institution, completed a new project, taken on more responsibility, or furthered your education? Recruiters are actively searching NASFAA's Career Center for candidates like you. Update your Career Center profile to let them know about your recent promotions and achievements.

FEDERAL REGISTER

The Secretary announces the 2018-2019 award year deadline dates for the submission of requests and documents from postsecondary institutions for the Federal Perkins Loan, Federal Work-Study (FWS), and Federal Supplemental Educational Opportunity Grant (FSEOG) programs (collectively, the “campus-based programs”), Catalog of Federal Domestic Assistance (CFDA) numbers 84.038, 84.033, and 84.007.

This notice sets forth the agenda, time, and location for the February 7-9, 2018 meeting of the National Advisory Committee on Institutional Quality and Integrity (NACIQI), and provides information to members of the public regarding the meeting, including requesting to make oral comments.

HEADLINES

National News

"The Department of Education will propose next week that borrowers be required to demonstrate their institution intended to mislead them before they can have their loans discharged," Inside Higher Ed reports.

"Nestled along the San Diego coastline, Point Loma Nazarene University is a world away from Wall Street. But the Christian liberal arts college is at the forefront of financial innovation. Last fall, Point Loma began offering some of its 4,500 students money to pay for college in exchange for a percentage of their future earnings. The model, known as an income share agreement, requires colleges and students to take a chance on each other, a shared responsibility that attracted Point Loma," The Washington Post reports. 

State News

"Gov. Andrew M. Cuomo has announced a series of reforms aimed at helping students navigate loans for college. Cuomo also vowed to put new protections in place to ensure that those who take out student loans are treated fairly by banking institutions," according to The Buffalo News.

"Arizonans came out of the recession with more than twice the student debt they carried 10 years ago, as economic forces that came with the recession created a 'perfect storm' for rising debt," according to the Eastern Arizona Courier. "Experts say the increase is due to state funding cuts to higher education budgets, increases in tuition and — in what may be counterintuitive for an economic recession — more people deciding to enroll in college."

Blogs & Think Tanks

"In years past, around December, my teammates would often pause by my desk and ask: 'What do you think we'll be covering next year?' I've always found this a fun thought exercise, and, at some point, my editor suggested I jot down my answers and share them beyond our cubicles," Claudio Sanchez writes for NPR Ed. "And so, here are a few predictions for 2018. A quick reminder, though: I don't have a real crystal ball or a time machine. Just gut instinct, which occasionally fails me." 

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