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Today's News for Tuesday, July 22, 2014 
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Trending @ NASFAA: 4 Lessons Learned From Receiving Financial Aid

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.

Most Systems Restored Following Upgrades

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 before proceeding with your purchase or registration. We thank you for your patience as we improve our systems.

Report: In Many Professions Having A College Degree Opens Doors To Senior-level Admin Positions And Higher Salaries

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.

Test Your Way To A NASFAA University Credential For Direct Loans

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.


7-21: eCampus-Based Application for the Fiscal Operations Report for 2013-2014 and Application to Participate for 2015-2016 (FISAP) Now Available

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.


National News

Fafsa Fix Will Mean Less Aid For Many

"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 year-over-year increase."

Great Colleges Create A Culture Of Accountability And Cooperation

"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.

More Private Lenders Will Dump Student Loan Portfolios: Fitch Ratings

"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.

A More Nuanced Bill Gates

"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.

State News

Minnesota: SCSU Fights 'Summer Melt' By Keeping Students Engaged

"[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.

Massachusetts: Former College Financial Aid Head Hit With Federal Fraud Charges

"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.


Commentary: How Congress Can Fix The Student Debt Crisis

"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 Call.

Commentary: Should Colleges Help Undocumented Students?

"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

Economics Of Higher Education

"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 Prose blog.


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