today’s news for Monday, June 27, 2016

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On Friday, the Department of Education (ED) announced that 67 colleges and universities have been selected to participate in the new Second Chance Pell pilot program under the experimental sites authority of section 487A(b) of the Higher Education Act (HEA). First announced in July 2015, the pilot program will test if participation in high-quality education programs increases after expanding access to financial aid for incarcerated individuals. The program will allow about 12,000 incarcerated students to receive Pell Grants through partnerships between the selected colleges and universities and more than 100 federal and state penal institutions.

NASFAA's Board of Directors is here to represent you, and is seeking your input. Please email any questions or comments you might have directly to a member of the NASFAA board by clicking on their name on our Board Member Bios page. Questions or feedback may pertain to NASFAA products and services, membership benefits, policy and advocacy, or any other topic you would like to bring before the board. The board will compile feedback and discuss at the July 8-9 Board meeting. We welcome your insight.

The First-Time Conference Attendees’ Kick-Off Networking Event on Sunday will give you the chance to meet the NASFAA National Chair, task force members, your Conference Mentor if you indicated you'd like one, NASFAA staff and members, and other first-time attendees. If you plan to attend, bring a small school item (magnet, water bottle, etc.) and a large stack of business cards to hand out to new friends. And don't forget to swing by the First-Time Attendee Lounge throughout the conference to meet new contacts, make introductions, and rendezvous with friends and colleagues before heading to sessions or meals.


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.

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NASFAA is here to help you stay up to date on the top policy events occurring throughout the week in Washington, D.C. and, when applicable, across the country. Make sure to check back in to Today's News each morning for coverage of some of the events, and email us at if you're aware of upcoming policy events that could be of interest to the financial aid community.


  • The Senate is in session this week. The House is in recess until July 5.




The process for informing Federal Perkins Loan Program participating institutions that there is Excess Liquid Capital in their Perkins Loan Revolving Fund will be modified based on information institutions will report on their next FISAP that is due September 30, 2016.

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 National Center for Education Statistics (NCES) seeks authorization from OMB to continue the Integrated Postsecondary Education Data System (IPEDS) data collection. Interested persons are invited to submit comments on or before July 25, 2016.

In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 3501 et seq.), ED is proposing an extension of an existing information collection. Interested persons are invited to submit comments on or before August 26, 2016.

In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 3501 et seq.), ED is proposing an extension of an existing information collection. Interested persons are invited to submit comments on or before August 26, 2016.


National News

"Senate Democrats are again pushing for a new legislation to close what they describe as a 'dangerous loophole' that allows for-profit colleges to target and prey on military veterans," according to GoodCall.


"What single business practice is so detrimental to the average American that the New York Times recently dedicated a three-part series to an in-depth exploration of its impact? Hint: This same practice prompted leading social justice and consumer advocates to visit the offices of over 50 members of Congress this week alone to encourage them to support common-sense rules surrounding its use," Linda Sherry, director of national priorities at Consumer Action, writes in an opinion piece for The Hill.

Blogs & Think Tanks

"With student loan debt in the U.S. now well beyond $1 trillion, everyone seems eager to get into the debt-reduction business. Some cities will pay down your debt if you move there, while a growing number of employers are making loan payment contributions part of the benefits package. Now some financial institutions are dangling the debt-reduction carrot in front of potential customers — but should you bite?" The Consumerist asks.

"College student loan debt has become a central focus of students and policymakers in the United States. ...  Increased scrutiny and regulation of the for-profit sector has contributed to declining enrollment in recent years, but concerns remain over the high debt burdens and default rates of for-profit students," according to The Brookings Institute's Brown Center Chalkboard.

"Undocumented parents and other immigrants will not get the relief President Barack Obama promised them, thanks to a deadlock at the Supreme Court. But they won’t become the primary targets of immigration enforcement efforts, the president said Thursday while promising to maintain a 'status quo' that prioritizes others for removal," The Huffington Post reports.




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State of Student Aid Briefing


Senate Democrats Call to End 90/10 'Loophole' Allowing For-Profit Schools to Target Veterans


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