today’s news for Monday, December 17, 2018

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Director Download

In this episode of "Director Download," Justin is joined by NASFAA's National Chairs Lori Vedder, Billie Jo Hamilton, and Paula Luff to discuss how and when to make changes in your career. Drawing on their own experiences, the group discusses when you know it's time to make a change, how to put yourself in the best position to grow in your career, and why you shouldn't fear the word "ambition." Justin also interviews Martin Yate, a career management author and coach, on how to position yourself in the "inner circle" at work, how to draw on your manager's expertise to prepare for a career move, and the best time during the year to move to a new job.

Borrowers with both federal and private student loans continue to submit complaints about servicing, repayment, and other issues to the federal agency tasked with overseeing financial laws and protecting consumers. But this year, the Consumer Financial Protection Bureau (CFPB) did not publish its annual report analyzing these borrower complaints, according to a new report from the Student Borrower Protection Center (SBPC).

The Congressional Budget Office (CBO) released a report Thursday with suggestions for measures Congress could take to reduce the federal budget deficit by 2029, which included a handful of reductions and cuts to federal student aid programs such as the Pell Grant and Public Service Loan Forgiveness (PSLF) programs.


The commission of the Certified Financial Aid Administrator (CFAA) program will convene for the first time in January 2019. The CFAA commission serves as the independent certifying body of NASFAA that awards the CFAA certification, and sets policy and standards related to the CFAA program. The commission is composed of regional representatives, representatives-at-large, a public member, and NASFAA staff members. Daniel Barkowitz, assistant vice president of financial aid and veterans’ affairs at Valencia College, will serve as the first commission chair.


An institution may consider another appeal from a student following the end of a probation period in which the student does not meet SAP, or if the student is on an academic plan and does not meet the terms of the plan. The institution may place the student either on financial aid probation or on an academic plan. View the full answer to this question and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.


Federal Student Aid offices and Title IV processors and contact centers will be closed on Tuesday, Dec. 25, 2018 to observe the Christmas Day federal holiday as well as on Tuesday, Jan. 1, 2019 to observe the New Year’s Day federal holiday.

This announcement informs the community of the availability of the customer service performance results for each of the Department of Education’s federal loan servicers for the following periods: Jan. 1, 2018 through March 31, 2018 and April 1, 2018 through June 30, 2018.


The Department of Education is requesting an extension without change of the currently approved Direct Loan General Forbearance Request form information collection.




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