Today's News for
Tuesday, July 22, 2014
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NEWS FROM NASFAA
Did you miss our Voices From The Aid Office article last week? Catch up now on 4 Lessons Learned From Applying For Financial Aid to hear from aid administrators who have gone through the process themselves. Please lend your own voice to the comments section to share any experience you've gleaned from receiving financial aid, too.
The majority of upgrades to NASFAA’s membership database and related systems are now complete. The online AskRegs Knowledgebase, access to your myNASFAA account and online directories, and the NASFAA University Testing Center are all now available. NASFAA's store is still being updated—if you wish to make an online purchase, we ask that you please be sure you’re logged in to NASFAA.org before proceeding with your purchase or registration. We thank you for your patience as we improve our systems.
A college degree is likely to have a considerable impact on household earnings, favoring the college graduate in the long-run, despite the rapidly rising cost students and families incur according to a new report by the Federal Reserve Bank of Cleveland. Read a brief rundown of “A College Education Saddles Young Households with Debt, but Still Pays Off” and other recent studies on NASFAA's “The Value of Higher Education: Research and Resources” page.
Take the Direct Loans test to show that you understand the loan application process and loan-specific eligibility criteria, know how need for the loan is defined and determined, can identify annual and aggregate loan limits, and are well versed in loan counseling requirements. If you are a financial aid professional with a minimum of five years of work experience and an exceptional understanding of regulations and office management, you may qualify to earn your credential in Direct Loans or one of eight other nationally-recognized credentials. Learn more about NASFAA credentialed tests. While we finalize updates to our online store, please be sure to log in to the website before beginning any purchase process.
U.S. DEPARTMENT OF EDUCATION
The eCampus-Based application for the Fiscal Operations Report for 2013-2014 and Application to Participate for 2015-2016 (FISAP) is now available on the eCampus-Based (eCB) Web site.
"The U.S. Education Department will automatically reprocess the
student-aid applications of tens of thousands of applicants who
inadvertently overreported their income this year, costing many of
the applicants their Pell Grants, the department has announced,"
according to The Chronicle of Higher Education.
"...[NASFAA] is telling its members to take a second
look at non-tax-filers with unusually high earned income or a large
"There's no shortage of examples of how workplace quality and
climate have evolved beyond simply having 'happy' faculty and staff
members, and there seems to be a growing awareness of the strategic
importance of employee engagement and organizational culture. One
measure of that awareness is the participation level in the annual
Great Colleges to Work For survey, administered by ModernThink LLC
for The Chronicle," according to The
Chronicle of Higher Education.
"Banks and other investors with private student loans can be
expected to sell off these assets as their value declines and more
attractive alternatives surface, according to an analysis by Fitch
Ratings released earlier this
week," MainStreet reports.
"It is ironic, says Bill Gates, that academic institutions are
so good at studying the world around them but not
themselves," Inside Higher Ed reports.
"[Anthony] Capetillo, a 17-year-old high school graduate set to
start classes this fall at St. Cloud State University, is enrolled
in a five-week summer residential program at the university. The
program is one way St. Cloud State [University] tries to ward off
what education researchers and academic counselors call 'summer
melt,'" the St. Cloud Times reports.
"The former head of financial aid at Merrimack College was
charged today with wire fraud and mail fraud for allegedly
deliberately mishandling federal student loans and falsifying
documentation to cover up her actions over a dozen
years," The Boston Business Journal reports.
"As Congress works to reauthorize the Higher Education Act and
strengthen student loan policies, the challenges are daunting. ...
So how can Congress fix what's broken, not merely affix a bandage
to buy some time?" Balaji Rajan writes for Roll
"The unprecedented surge of unaccompanied minors at the U.S.
border has propelled immigration back to the forefront of our
political discourse. There are, of course, already hundreds of
thousands of undocumented children in our country, some of whom
graduate from high school and want to enter college. What can and
should institutions of higher education do?" David M. Perry writes
for The Chronicle of Higher Education.
Blogs and Think Tanks
"Very often in higher education, when we look at enrollment
numbers, the numbers are aggregated. We look at the headcount
of students or the number of full-time students or the number of
new students or transfer students, etc. We also look more and
more at the discount rate, once again by different categories of
students," according to Inside Higher Ed's Provost
NASFAA CAREER CENTER