NASFAA
TODAY'S NEWS

today’s news for Tuesday, June 30, 2015

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Great Lakes: Our enhanced Portfolio Navigator allows you to use NSLDS data to identify all of your students who need repayment help, not just students with Great Lakes. Then, leverage your time and resources with the new Action Center tool, using your data to connect each student to their servicer for the repayment help they need.

NEWS FROM NASFAA

A majority of prospective college students intend to apply to more than one institution and begin their search process months, and sometimes years, in advance of enrollment, according to a recent brief from New America.

NASFAA is collaborating with the Association for the Study of Higher Education (ASHE) in a yearlong effort to help researchers better tailor their work to the needs of financial aid administrators. You are invited to attend a facilitated discussion at the 2015 NASFAA National Conference to provide input to researchers about how their work can be made more applicable in your day-to-day life as an aid administrator. These sessions will be held in Imperial 3 - Level 4 (Hyatt Regency New Orleans) on Monday and Tuesday morning from 8:00 - 8:45 am and Tuesday afternoon from 4:15 - 5:15 pm. Please contact etierc@nasfaa.org with any questions.

NASFAA URecently released, the Teacher Education Assistance for College and Higher Education (TEACH) Grants credential test is a Part 2 exam that specifically assesses comprehension of the TEACH Grant program. This nationally recognized credential focuses on institutional and student eligibility, awarding funds, the Agreement to Serve, and counseling requirements. Begin the process of earning your TEACH Grant Credential today.

New Orleans is a fun city and we are making it even MORE fun! Sign up for our ScanTrivia game today and start earning points right away. Answer trivia questions about NASFAA, New Orleans, and conference exhibitors to earn points. Using your mobile device, scan the first QR Code right now on the website to earn your first 25 points. You have to play to win. Rewards will be given throughout the conference and the final reward will be handed out Tuesday at the Awards Lunch.

Under certain circumstances dependent students may be able to borrow additional Direct Unsubsidized Loan funds to help finance their education. This webinar, now available for on-demand viewing, focuses on when a financial aid administrator may utilize these Title IV funds for students, the use of professional judgment, and the importance of the timing of a PLUS denial. The webinar is offered at a cost of $115 for members, $230 for non-members, and at no additional fee for webinar package purchasers.

U.S. DEPARTMENT OF EDUCATION

This letter provides information that supplements the 2016-2017 award year verification information provided in the Federal Register notice published on June 26, 2015.

This letter provides an overview of the regulatory provisions that apply to educational programs that are required to prepare students for gainful employment in a recognized occupation.

The Department of Homeland Security-United States Citizenship and Immigration Services (DHS-USCIS) has received Office of Management and Budget (OMB) approval of a revised Document Verification Request G-845 Form. 

HEADLINES

National News

"Rohit Chopra's parting shot as the Consumer Financial Protection Bureau's student loan ombudsman was to write letters to search engine vendors--Bing, Google and Yahoo--with a warning that their flag ship products were being used to sell fraudulent products to unsuspecting people with student loans," The Street reports.

"The U.S. Supreme Court agreed Monday to review the constitutionality of the consideration of race and ethnicity in college admissions cases. And many legal experts believe the justices are likely to be skeptical of such consideration," Inside Higher Ed reports.

"Education Affiliates, a for-profit chain with 50 campuses, has settled with the federal government over false-claim allegations, the U.S. Department of Justice said," Inside Higher Ed reports.

"A new report identifies three strategies that could prove useful when it comes to helping higher-ed institutions produce students who have the skills and knowledge to succeed in today’s competitive workforce," eCampus News reports.

State News

"One women’s college is making sure that all students who want a degree can earn one," Inside Higher Ed reports.

Opinions

"Over the last few years, online student loan platforms have become much more popular and mainstream. Earlier this year, one of the most popular online student loan platforms (SoFi) raised $200 million from investors. This highlights the popularity of the platforms from both a user-side and an investor-side," Robert Farrington writes in an opinion piece for Forbes.

"Through no fault of their own, tens of thousands of students were left high and dry — and broke — when the for-profit Corinthian Colleges closed and abandoned them," The Tampa Bay Times editorial board writes.

Blogs & Think Tanks

"In the next 20 years, Millennials will receive over $20 trillion in inheritance, with over $7 trillion being passed along by 2020, according to Bloomberg Business," Jason van den Brand, founder and CEO of Lenda, writes in The Huffington Post's The Blog.

"Between September and December 2014, you probably heard a lot about Millennials. Prior to the election, the conversations and articles likely focused on 'Will they vote?' Afterwards it shifted to, 'Why didn’t they vote?'" according to IVN.

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