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today’s news for Thursday, January 25, 2018

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NEWS FROM NASFAA

A group of democratic senators sent a letter to the Department of Education (ED) Tuesday to express their concern about the use of private collection agencies (PCAs) for student loan borrowers in response to ED awarding new contracts worth millions of dollars to two private firms at the beginning of the month.

While independent accrediting agencies play an important role in ensuring academic quality, many experts recognize there are challenges within the system's structure that may lead to problems with accreditation oversight, communication, and measuring of academic quality, according to a new report from the Government Accountability Office (GAO).

The primary reason for participating in the Forward50 for University of Michigan-Flint Chancellor Susan Borrego is "the chance to play a role in developing ideas that impact policymaking in the areas of access and affordability for students." And given his experience in the Nebraska Legislature and the knowledge he's gleaned serving as a University of Nebraska campus CEO, Chancellor Douglas Kristensen of University of Nebraska at Kearney is sure to bring unique perspective to the Forward50. Learn more about them, and the other members of the committee, at www.forward-50.org/members.

This is the maximum fine for one violation of Clery Act Requirements. NASFAA's Consumer Information Assessment can help you avoid such fines by providing a confidential, comprehensive peer review of all required disclosure and reporting requirements, including the Clery Act. Request information about this review today.

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If you missed the Cash Management: Disbursements webinar that aired on the Jan. 10, 2018, you can still take advantage of this learning opportunity by ordering the on-demand event. You'll receive full access to the webinar archive and handout. In addition, you will be provided with the Top 20 Most Frequently Asked Questions document compiled from questions submitted by attendees during the live webcast. If you attended the live event, you can still use your registration link to access the on-demand event and FAQ document. Order it today.

x - HEADLINES

National News

"The U.S. Department of Education Tuesday named Kent Talbert, a former general counsel and acting under secretary during the George W. Bush administration, as senior policy adviser," Inside Higher Ed reports. 

"Walt Disney Co. is giving $1,000 bonuses to 125,000 employees and spending $50 million to create a new higher education program for workers, the company said Tuesday," according to the Los Angeles Times. "The new education initiative, which is designed to cover tuition costs for hourly employees, will receive $25 million in annual funding going forward, Disney said in a statement."

"Natural Light is making a new appeal to cheap beer fans by offering some student debt relief. The Anheuser-Busch InBev economy brand will run a Super Bowl spot in 10 local markets to plug a new program in which it's giving away $1 million to help people pay off student loans," AdAge reports. 

State News

"What does it really cost California students to attend college? An ambitious new survey of about 100,000 students is about to attempt to answer that question, with a special emphasis on housing, food and transportation costs," EdSource reports. 

"A push is on in Congress to address the shortage of volunteer firefighters across the country...A plan authored by a U.S. Senator from Montana and co-sponsored by Senator Claire McCaskill calls for someone’s student loan debt to be paid off if they serve as a volunteer firefighter for 10 years," according to KMOV.com.  

Blogs & Think Tanks

"Why shouldn’t all students know which program would offer the best return on their investment? This kind of information would truly empower students as they make fully informed decisions and navigate the higher education marketplace," Michelle Asha Cooper, president of the Institute for Higher Education Policy, writes for The Washington Post. 

"As concerns mount over rising student debt loads, income-share agreements have attracted attention as a possible funding alternative for students and families. These aren't new – economist Milton Friedman developed the basic ISA framework in the 1950s," Allesandra Lanza writes for U.S. News & World Report. 

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