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TODAY'S NEWS

today’s news for Friday, December 2, 2016

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NEWS FROM NASFAA

 Off the Cuff

This week on "Off The Cuff," Justin, Stephen, and Allie discuss what a Betsy DeVos tenure as Education Secretary could mean for higher education policy. Justin and Stephen examine the future of DACA under the Trump administration, and Allie breaks down a recent GAO report looking into the costs associate with income-driven repayment plans. Plus, Justin gives a few updates from the Federal Student Aid Training Conference for Financial Aid Professionals, and Stephen takes on fake news on Facebook.

Private student loan borrowing has dropped significantly among undergraduate students across all institution types in recent years, while federal student loan borrowing through the Stafford Loan Program has increased slightly, according to new data from the National Center for Education Statistics (NCES).

AskRegs

Got questions about reviewing and correcting Comment Code 399? How about whether you can use 2016 or 2017 income as projected-year income for 2017-18 using professional judgment? Take a look back at last month's most read Q&As. If you have a question that's not on the list, you can find a credible and reliable answer on the AskRegs Knowledgebase site by browsing or searching the answers provided by our Training and Regulatory Assistance staff. You may also submit your own question using the Request Support feature.

Health Resources & Services Administration Releases Memo on Early FAFSA Implementation

The Health Resources & Services Administration (HRSA) recently released a memo on Early FAFSA and prior-prior year (PPY) implementation for borrowers with HRSA loans. The memo addresses the changes tied to Early FAFSA and PPY, and clarifies that those changes will be "accepted for use in determining a student's financial need" for certain loan programs. HRSA's loan programs require grantee institutions to fund long-term, low-interest loans for eligible students with financial need, and institutions are responsible for selecting the loan recipients. The memo clarifies that PPY data is acceptable for determining financial need.

NASFAA U

NASFAA U facilitated online courses are engaging, convenient, affordable, and cover a variety of topics offered throughout the year. Still thinking of attending? Watch this short video to see more of the benefits available to attendees and let NASFAA U teach you skills vital to your professional role in higher education. 

HEADLINES

National News

"If ever there was a plum job in the world of education, Jim Shelton has landed it. Seven months ago, Shelton was hired by the Chan Zuckerberg Initiative to head up its education portfolio," according to The Chronicle of Higher Education. In a recent interview on The Chronicle of Higher Education’s Re:Learning podcast, Shelton speaks about what he hopes to accomplish, what he sees as the problems right now with education, and more.

"Sen. Lindsey Graham (R-S.C.) is readying legislation that would extend legal protections for previously undocumented immigrants who came here as children — benefits granted under a 2012 directive from President Barack Obama that are at risk with the incoming Trump administration," POLITICO reports.

"If another recession hits, many public colleges and universities are likely to increase tuition to raise revenue as they are squeezed by drops in state and local funding, according to a new report from New America," Inside Higher Ed reports.

"About 80 member presidents of the Association of Catholic Colleges and Universities have signed a statement in support of students who have benefited from the Deferred Action for Childhood Arrivals, or DACA, program, under which more than 700,000 young people who were brought to the U.S. illegally as children have gained temporary protection from deportation and two-year renewable work permits," Inside Higher Ed reports.

"The average amount of debt per student at private universities rated by Moody’s Investors Service is declining, the ratings agency said in a new report released Thursday," Inside Higher Ed reports.

"David W. Oxtoby, president of Pomona College, recently spoke with The Chronicle about his advocacy on behalf of undocumented immigrant students and what advice he has for new college presidents," The Chronicle of Higher Education reports.

State News

"Inland community college leaders are concerned about a new report showing that large numbers of their students need remedial classes and are dropping out of school," The Press Enterprise reports.

Opinions

"Democrats devised the government takeover of student loans as an entitlement that might never be repaid, though they sold it as a money saver. New evidence of this giant con arrives courtesy of a report this week by the Government Accountability Office that estimates the taxpayer losses at $108 billion and counting," The Wall Street Journal says in an editorial.

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