Today's News

Today's News for Monday, October 20, 2014 
 
Brought to you by 
 

For nearly 30 years, Inceptia/NSLP has been developing and providing solutions schools need to help their students succeed. We have worked with over two million students and 5,500 schools, providing services including financial education and default prevention services. As a non-profit our focus is helping students, their families, and institutions.


NEWS FROM NASFAA

Student Aid Perspectives: Putting Institutional Performance in Perspective

"Context is critically important in many aspects of life, and postsecondary education outcomes are certainly no exception. As policymakers increasingly look to measurements of institutional outcomes to allocate financial aid funds and influence behavior, many within the financial aid community have expressed valid concerns about the potential unintended consequences," Marcus Szymanoski, manager of training and communications for DeVry Education Group's regulatory affairs division, writes in the latest article in NASFAA's Student Aid Perspectives series.

AskRegs Knowledgebase Answers: Will the January 1, 2015 Minimum Wage Increase for Federal Contractors Affect Student Workers?

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.

THE D.C. DOCKET

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. Congress is on recess this week, but there are several policy events to tune in to. Be sure to read Today's News daily for additional coverage of some of these events. 

Congress:

  • The House and Senate are scheduled to be on recess the week of October 20.

Tuesday:

Thursday:

U.S. DEPARTMENT OF EDUCATION

10-17: COD Processing Update

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.

10-17: HEAL Program Information - Maximum HEAL Program Interest Rates for Quarter Ending December 31, 2014

As explained in a July 2, 2014 Electronic Announcement posted on the Information for Financial Aid Professionals (IFAP) Web site, the Health Education Assistance Loan (HEAL) Program was transferred from the U.S. Department of Health and Human Services to the U.S. Department of Education (the Department) on July 1, 2014, as required by the Consolidated Appropriations Act, 2014 (Pub. L. 113-76).

10-17: Acceptable Documentation Update for 2014-2015 Award Year Verification

This Electronic Announcement informs institutions that for the remainder of the 2014-2015 award year verification, a signed paper copy of a 2013 IRS tax return may be accepted as alternative documentation to meet the "acceptable documentation" standard for income and other tax related verification information.

HEADLINES

National News

Ed Department To Colleges: Read The Instructions

"The U.S. Department of Education has a response to colleges and universities confused by how they are supposed to count students enrolled in distance education courses: Read the instructions," Inside Higher Ed reports.

Identifying The Worst Colleges In America

"For years, Washington Monthly has been rating and ranking the nation's colleges. But for its 2014 edition, the magazine has done something new," NPR reports.

Student Loan Refinancing Will Save You Money If You Don't Actually Need It

"On paper, refinancing student debt - like refinancing a mortgage - is a logical way to save cash," The Boston Globe reports.

A College Financial Aid Guide For Families Who Have Saved Nothing

"A mother of five children in Bath, Me., admitted on the New York Times's Motherlode blog earlier this year that she and her husband had no college savings," The New York Times reports.

Tax Credits For College Can Help Ease Costs

"With all the worries about rising college costs, lower- and moderate-income families should keep in mind that there are federal tax benefits that can help ease the financial burden of getting an education," The New York Times reports.

State News

Tennessee: Tuition Program Needs Help

"Gov. Bill Haslam's free tuition program is in need of mentors," The Associated Press reports.

Texas: UTEP's Aggressive Interventions Driving Student Achievement Success

"In recent years, [The University of Texas at El Paso (UTEP)], a school that's about 80 percent Hispanic, has received national attention for its work at retaining students and graduating far more than expected," Diverse: Issues in Higher Education reports.

Tuition Freeze: N.J. Assembly Passes 7 Bills On Higher Education

"A bill that would allow New Jersey college students to pay the same tuition for nine straight semesters is one step closer to becoming law," NJ.com reports.

North Carolina: Woman Pleads Guilty To Financial Aid Fraud

"A Durham woman has pleaded guilty in federal court to making false statements on student financial aid application on Oct. 9," The Herald-Sun reports.

Opinions

Commentary: A New Kind Of Rating System

"Many of my fellow college presidents remain worried about the Obama Administration's proposed (and still being developed) rating system for higher education. While Education Department officials have been responsive and thoughtful about our concerns, many among us fundamentally do not trust government to get this right," Paul J. LeBlanc, president of Southern New Hampshire University, writes for Inside Higher Ed.

Commentary: Health And Education

"What does our health care system have in common with our system of higher education? A lot more than you might think," John C. Goodman writes for Forbes.

Blogs and Think Tanks

College Brings Opportunity, But Paying For It Offers Challenges, Fed Chair Says

"Higher education is one of the 'cornerstones' of economic opportunity, Janet L. Yellen, chair of the Federal Reserve Board, said on Friday in an unusual and closely watched speech about growing inequality. But her remarks, given at the Federal Reserve Bank of Boston, did not cast higher education's role in an entirely favorable light," The Chronicle of Higher Education's The Ticker.

INDUSTRY NEWS

NASFAA UNIVERSITY

NASFAA CAREER CENTER

Subscribe RSS

This RSS feed is provided to allow private individuals to view headlines and text excerpts from NASFAA within newsreaders or RSS-enabled web browsers for personal, non-commercial use. The ability to access and read certain complete articles may be restricted to NASFAA members. Approved NASFAA-affiliated state and regional financial aid associations may additionally distribute our RSS feeds and incorporate headlines (which may include text excerpts) from NASFAA into their official website, blog, or other digital publication for the benefit of their members as long as no fee is charged. We may disable, change, or discontinue these feeds at any time. If you wish to make any other use of our RSS feeds, please contact us for permission.