today’s news for Tuesday, May 3, 2016

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The Consumer Financial Protection Bureau (CFPB) last week released a set of prototype disclosures in the hopes that a more personalized touch will help student loan borrowers find the right repayment plan and avoid default.

The Department of Education (ED) has announced its 2016 webinar series, which runs through the summer. Registration is open for all webinars, including a 2017-18 FAFSA Update at 4:00 pm ET today, May 3, 2016. Other scheduled topics include: Financial Aid Toolkit and available resources, Federal Student Loan Repayment Plans and the Repayment Calculator, Federal Student Aid ID Demo, Tools & Resources w/Helpful Hints for Undocumented Students, and Effective Tips For Using Digital Engagement.


NASFAA University's Online Course Return of Title IV Funds focuses on how to handle a student's Title IV funds when they withdraw from school before completing the payment period or period of enrollment. This collaborative course will also teach you how to properly identify a Title IV recipient and the formula associated with the return of Title IV funds. Complimentary access to the credential test is provided after successfully completing and passing the course. Limited seating - Register Now.


Federal Student Aid has implemented a new Perkins Loan Questions and Answers page on the Campus-Based Processing Information Page of the Information for Financial Aid Professionals (IFAP) Web site.


National News

"Last fall a new instructor taught a remedial writing course at a community college in Maryland. Most of her students came from low-income backgrounds. Many had gone to broken schools. That they had made it to college at all was a feat," according to The Chronicle of Higher Education.

"David Williams, 74, spent his career as an electronics engineer in the aerospace, computer and telecommunications industries, but his first love was drawing cartoons. With retirement, he took the opportunity to rekindle that old interest by going to art school," according to Forbes. "Retirees like Williams are discovering that 12th-graders aren’t the only seniors eligible for college aid. A number of programs offer tuition assistance to students ages 60 and older who want to get some credentials for a second-act career or simply to pursue a passion." NASFAA's Karen McCarthy is quoted in the article.

"Food banks are expected to be found in churches or women’s shelters, but they are becoming more and more common at a place where most don’t consider 'impoverished' or 'needy' people dwelling: colleges and universities in the United States," The Inquisitr reports.


"For the April 25 cover of TIME, James Grant offered his opinion on America's national debt, which is at its highest level since 1950 and is on a path to grow rapidly in the coming decades. While there are many dangerous consequences of America's fiscal outlook, absent a solution, no one will feel more pain than the next generation," Michael A. Peterson writes for Time.

"To my great excitement, Buzzfeed recently featured my alma mater, Meredith College, a small women’s school in North Carolina. The article highlighted theater major Maigan Kennedy — who, instead of the normal senior photo, decided to have some fun and took pictures of herself lying in a pile of overdue student loan bills and holding a trophy that says 'debt,'" Julia Dent writes in an opinion piece for The New York Post.

"Study after study has proven that money is not gender-blind, and there’s a growing body of research showing that it’s not color-blind, either," Maggie McGrath writes for Forbes.

Blogs & Think Tanks

"Last week the State Higher Education Executive Officers (SHEOO) released its annual report on the state of higher education finances. It shows that spending has increased moderately at the state and local levels and on a per capita student basis," Brian C. Mitchell, director of the Edvance Foundation, writes in The Huffington Post's The Blog.




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