Today's News for
Monday, September 22, 2014
For years you've known us as the leader in providing access to
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NEWS FROM NASFAA
Black college students continue to borrow at higher levels to
pay for higher education than white students and are less likely to
thrive financially after graduation, according to
data from the inaugural Gallup-Purdue Index.
Teachers with master's degrees carry higher debt, on average,
than MBA graduates, and the current menu of underused federal
financial incentives doesn't do much to knock off that burden,
according to a new report.
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 and the Department of Education will release the latest cohort default rates today. Be sure to read Today's News daily for additional coverage of some of these events.
U.S. DEPARTMENT OF EDUCATION
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.
"It's important for colleges, universities, financial aid
administrators to be thinking about ways that they can experiment
in getting information to [students] that will be effective in
helping them manage their loan debt as they leave school," NASFAA
President Justin Draeger said in an interview for CNBC's
Nightly Business Report.
"Institutions that are successful in preventing loan defaults
make it a campuswide effort, according to a recent survey by the
Association of Community College Trustees (ACCT) and The Institute
for College Access & Success (TICAS)," University
"The college enrollment decisions of older siblings could be an
important cue to whether and where their younger siblings attend
college, according to a new study by researchers from Harvard
University and the College Board," Inside Higher
"A woman contacted 2NEWS Problems Solvers
about a supposed grant she was offered from the U.S. Federal
Reserve," 2NEWS reports.
"A mother and daughter entered guilty pleas on Thursday, charged
with student aid fraud," CBS 6 reports.
"The effort to increase the number of low-income students who graduate from four-year colleges, especially elite colleges, has recently been front-page news. But when I think about my students, and my own story, I wonder whether the barriers, seen and unseen, have changed at all," Vicki Madden, an instructional coach for the New York City Department of Education, writes in a New York Times opinion piece.
"States have long had a problem amassing accurate data on
students as they move away with families, to pursue higher
education or take a new job. But a multi-state pilot project from
the the Western Interstate Commission for Higher Education (WICHE),
a regional organization comprised of 15 states and the Commonwealth
of Northern Mariana Islands, has revealed a way for more states to
collaborate on student outcomes," according
Blogs and Think Tanks
"The U.S. Department of Education is scheduled to release today
its annual cohort default rates, which describe what percentage of
college graduates are defaulting on their student
loans," The Chronicle of Higher
Education's The Ticker reports.
"College costs have been rising for decades. Slowing - or even
better, reversing - that trend would get more people into college
and help reduce student debt," The New York
Times' The Upshot reports.
"The U.S. Education Department has placed financial restrictions
on ITT Educational Services Inc., citing the company's failure to
submit financial statements by a mandatory deadline," The
Chronicle of Higher Education's The
NASFAA CAREER CENTER