Today's News

Today's News for Monday, July 28, 2014 
 
Brought to you by 
 

For over 19 years, ELM Resources has provided open and lender-neutral choice. As a trusted, not-for-profit name in the student loan industry, over 1,600 implemented schools use ELM's Web-based solutions, including ELMNet, ELM NDN and ELMSelect for private loan processing and disbursements. For more information, visit http://www.elmresources.com.


NEWS FROM NASFAA

Watch: 2014-15 National Chair Eileen O'Leary Addresses NASFAA Members in Nashville

"This year I am your cheerleader, your mentor, your voice," new National Chair Eileen O'Leary told NASFAA members after receiving the gavel at the 2014 National Conference in Nashville. "I am among friends. Our cause is great. And there is nothing else that I would rather do," concluded O’Leary, who is Assistant Vice President for Student Financial Services at Stonehill College. Watch the video now to hear her whole speech or read through the text of her speech in its entirety.

NASFAA Conference AskRegs Q&A: Can an ID Marked "Not for Federal Identification" Be Used for Verification of Identity/Statement of Educational Purpose?

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.

Changed Schools? Retiring? Received a Promotion? Let Your Colleagues Know!

Fill out the "Movers and Shakers" form by August 8 to notify your financial aid colleagues across the country about your career developments in 2013-14. We'll compile your responses and update NASFAA members about the changes in our 2013-14 Annual Impact Report to members (published in October).

Report: A Look At The "Pay It Forward" College Financing Proposal

The rise in higher education costs has encouraged policymakers to search for alternative options students can use to finance their college years. One of the proposed solutions is the "Pay It Forward" (PIF) college financing concept. Some researchers contend this is not an effective solution to addressing college affordability, according to a new report released by the American Association of State Colleges and Universities (AASCU). The report summarizes the history of PIF, explores common elements of PIF legislation recently introduced in state legislatures, and offers questions for lawmakers to reflect on before stepping forward with the PIF policy.

U.S. DEPARTMENT OF EDUCATION

ANN-14-15: Online Training Module - Consumer Information

This letter announces the availability of Federal Student Aid’s online training module on consumer information requirements, including resources to help you develop and disseminate required consumer information at your school.

7-25: 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.

7-25: Draft Federal Register Notice Inviting Postsecondary Educational Institutions to Participate in New Experiments Under the Experimental Sites Initiative

Attached to this Electronic Announcement is a pre-publication copy of the Federal Register notice that will invite postsecondary educational institutions to apply to participate in new institutionally-based experiments under the Experimental Sites Initiative (ESI).

FEDERAL REGISTER

Notice: Employment Certification for Public Service Loan Forgiveness

In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 3501 et seq.), ED is proposing a revision of an existing information collection.

HEADLINES

National News

Student Debt On Campaign Trail

"[E]ven without the drama of a presidential contest, the issue is cropping up on the 2014 campaign trail in some of the most contentious Senate races," Inside Higher Ed reports.

State News

Kansas Gets Grants To Match Child Support Funds For College Savings

"Kansas welfare officials said today that they will use more than $600,000 in grants from two nonprofit groups to launch a program aimed at getting parents to pay down child support debts," KHI News Service reports.

Corinthian Colleges Agrees To Warn California Students It Plans To Sell Schools

"Accused by the California attorney general of deceiving students about its failing financial status, the career-college company Corinthian Colleges, Inc. has agreed to more broadly disclose that it plans to sell all of its California campuses as it goes out of business," according to the San Jose Mercury News.

Opinions

Editorial: School-Loan Defaults Show Risk-Reward Analysis Vital

"President Barack Obama recently ordered a program expanded to limit monthly payments to 10 percent of a person's income. ... But a little financial literacy on the burden of compounding interest is in order for prospective students," according to the Albuquerque Journal Editorial Board.

Opinion: Let Students Discharge College Debts In Bankruptcy? Yes, But...

"Unlike other kinds of debts, the law does not permit students to wipe out their college debts by declaring bankruptcy. Should the law be changed?" George Leef asks in Forbes.

Viewpoints: California's Higher Education Systems Need More Cash, Not More Catchwords

"California's public higher education systems are plagued by years of funding cuts. Everyone knows that. All the clever ideas - the silver bullets that will 'save' us - collapse in the face of one simple fact," Susan Gubernat writes for The Sacramento Bee.

Blogs and Think Tanks

Paul Ryan's Views On College Costs Look A Lot Like Obama's

"President Obama's higher education agenda has had trouble attracting supporters from either party in Congress so far. But he appears to have at least one rhetorical ally in the House of Representatives: Rep. Paul Ryan," according to Vox.

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.