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TODAY'S NEWS

today’s news for Friday, August 26, 2016

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NEWS FROM NASFAA

The Department of Education (ED) on Thursday took harsh action against ITT Educational Services, Inc. (ITT), essentially barring the for-profit chain from participating in Title IV programs, enhancing federal oversight, and restricting compensations for the company's top executives.

The Demographic Information tab in the new myNASFAA portal contains key information about users such as birthdate, career history, areas of focus, and institution structure. Completing this information helps NASFAA better serve member needs and positions. Watch our short video to learn more about the Demographic Information tab, and help NASFAA help you by completing your profile.

We live in a different world today, 50 years after the Higher Education Act was signed into law, and NASFAA was formed. Walk back in time to review some of the biggest world events that shaped how we live, work, and learn—as well as the milestones in higher education that have transformed America's postsecondary education and the organization of federal financial aid. From the Higher Education Amendments of 1972, to the latest changes at NASFAA this year, we'll guide you through a visual history financial aid and our association.

HEADLINES

National News

"The presidential campaign has featured considerable debate about free public higher education, student debt and other issues related to the cost of college. But Hillary Clinton and Donald Trump aren't the only ones talking. The Green Party presidential candidate is making a play for Bernie Sanders supporters with a plan to cancel all student debt, while the Libertarian Party nominee has promised to end the Department of Education," Inside Higher Ed reports.

"An American defaulted on a student loan direct from the U.S. Department of Education every 28 seconds over the past year. Nearly all of those more than 1.1 million defaults were avoidable, because almost every borrower is eligible for a repayment plan based on affordability," Bloomberg reports.

State News

"Ashford University says the U.S. Department of Veterans Affairs and two California agencies improperly pressured regulators in Iowa to drop the university's eligibility to receive Post-9/11 GI Bill benefits, a decision that kicks in next month and would affect roughly 6,250 military and veteran students," Inside Higher Ed reports.

"The insurance carrier for the now-defunct Marinello Schools of Beauty has paid the United States more than $8.6 million to resolve allegations the schools received federal student loan funding for ineligible students who received bogus high school diplomas," The Orange County Register reports.

Opinions

"This fall, colleges across the country will enroll roughly 3 million new students. For many of these students and their families, college will represent a tremendous expense––among the largest of their lifetimes. By the time they graduate, they can expect to have spent more money on their degree than many households in the United States earn in an entire year. And many will have accumulated tens of thousands of dollars in debt," according to The Brookings Institution's Beth Akers and Stuart Butler.

Blogs & Think Tanks

"There's no way to avoid it: 2016 is an election year in full-swing. Unlike many past campaigns, however, higher education is a hot topic this year. College affordability has become part of the national conversation, and here at NCAN, we expect it to remain part of the dialogue for the major party candidates on the campaign trail," Carrie Warick writes for the National College Access Network (NCAN).

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