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TODAY'S NEWS

today’s news for Friday, August 28, 2015

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Inceptia/NSLP is a nonprofit organization providing premier expertise in higher education access, student loan repayment, analytics, default prevention and financial education. Since 1986, our mission has been to support schools as they arm students with the knowledge needed to become financially responsible adults. More information available at www.inceptia.org.

NEWS FROM NASFAA

The Department of Education (ED) has informed schools participating in the Quality Assurance (QA) Program that QA will be discontinued in its current form at the conclusion of the 2016-17 award year. 

Incomes and earnings among college graduates increased from the first quarter (Q1) of 2012 to the first quarter of 2013, indicating that a college education continues to hold economic value, according to new data from the U.S. Census Bureau.

It’s no secret that new college graduates have often had trouble finding stable, well-paying jobs in recent years. But a new report from Young Invincibles suggests getting a college degree could still be worth it.

Step right up and claim your prize. Did you ace NASFAA’s 50th Anniversary Online Trivia Contest, and trump everyone with your knowledge of NASFAA history? We'll be announcing the first set of trivia winners next week. Stay tuned to Today's News to see if you're one of the lucky winners, and keep an eye out for the next round of questions to help us celebrate our golden anniversary.

Did you know that some of NASFAA’s most popular tools, resources, and programs are never more than a click away, anywhere on the updated NASFAA.org? Each page includes a link to the Student Aid Index (look for the orange button with the X), AskRegs (green button with a hand image) and NASFAA University (blue button with the NASFAA U icon) so you can get to these key items quickly and easily, wherever your journey on the site takes you. Stay tuned for additional tips, tricks, and info on how the updated NASFAA.org can better serve you.

FEDERAL REGISTER

This notice sets forth the schedule and proposed agenda of a forthcoming open teleconference meeting of the Advisory Committee on Student Financial Assistance. 

The Secretary of Education invites publishers to submit tests for review and approval for use in the National Reporting System for Adult Education (NRS) and announces the date by which publishers must submit these tests.

HEADLINES

National News

"As Democrats on the presidential campaign trail pitch their college affordability plans to voters, they are largely united in their calls for a big boost in federal spending on higher education," Inside Higher Ed reports.

"A bankruptcy judge has approved Corinthian Colleges Inc.’s plan to liquidate its assets, largely concluding the defunct for-profit education company’s chapter 11 bankruptcy case," The Wall Street Journal reports.

"Politicians and pundits love to talk about the character-building experience of working your way through college. But how realistic is that ideal?" The Chronicle of Higher Education asks

"In the last 40 years the number of jobs that require a post-secondary degree has doubled, and the number of low-income students who want to go to college keeps rising," according to The Hechinger Report. "But the challenges of adjusting to college life are great: Low-income students who scored the same on the SAT as their high-income peers are twice as likely to drop out.'"

State News

"Talk about higher learning. A Colorado county may create the world's first public college scholarship program funded with marijuana money," The Associated Press reports.

"Before an event Wednesday at the University School of Nashville, Senator Lamar Alexander said that the single biggest barrier to free college tuition for Tennessee high school graduates is a 'ridiculously complex federal application form for student aid,'" The Chattanoogan reports.

"Most Texans believe higher education is a necessary but difficult to obtain ingredient for success, a new poll shows," the San Angelo Standard-Times reports.

Opinions

"Is Congress finally ready to pass legislation that would make it easier for harried parents and students to apply for federal financial aid?" The New York Times' editorial board asks.

"In rolling out an ambitious higher education plan this month, Hillary Clinton put a genuine national dilemma -- America's ballooning student debt crisis -- at the center of the 2016 debate. What a refreshing contrast to her Republican opponents," Will Marshall and Paul Weinstein Jr. write in an opinion piece for CNN.

"Income inequality bedevils the United States, as does debt, of the public and private varieties. Under the circumstances, you’d think that the federal government’s priorities would not include channeling billions of dollars in cheap credit for the benefit of highly paid lawyers who train more lawyers," Charles Lane writes in an opinion piece for The Washington Post.

Blogs & Think Tanks

"The Education Department failed to hold Xerox Education Solutions, a company it had contracted to track and service student loans, accountable for fixing persistent problems in its student-debt-management system, the agency’s inspector general said in an audit report released on Thursday," The Chronicle of Higher Education's The Ticker reports.

"If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness," according to Credit.com's blog.

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