Today's News

Today's News for Tuesday, September 23, 2014 
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Another Report Rethinks Federal Work-Study Formulas

In July, NASFAA's Campus-Based Allocation Task Force released a report with recommended changes to the allocation formula for Federal Work-Study (FWS), among other campus-based aid programs. In a new report out this week, policy organization Young Invincibles (YI) takes a similar look at the formula behind the decades-old financial aid staple.

Poll the Pros: Did Your Three-Year Cohort Default Rate Go Up, Down, Or Stay The Same?

The Department of Education yesterday electronically distributed the official three-year cohort default rates (CDR) for Fiscal Year (FY) 2011. While cohort default rates were originally only calculated based on two-year rates, the 2011 three-year rates sent yesterday to institutions marks the complete transition to only three-year rates. The CDRs have not yet been released to the public, but in the meantime, tell us... did your institution's CDR go up from the previous year, go down from the previous year, or stay the same? Take the poll now to weigh in anonymously and see how other schools fared.

Draft 2015-16 Paper FAFSA Open for Comment

The Department of Education (ED) has posted a draft of the 2015-16 Paper Free Application for Federal Student Aid (FAFSA) and other related documents (e.g., Paper Student Aid Report). The documents can be found under Forms and Instructions. Comments should be submitted electronically through the Federal eRulemaking Portal by selecting Docket ID number ED-2014-ICCD-0126 or via postal mail, commercial delivery, or hand delivery. In addition, please submit a copy of your comments to NASFAA so that we can represent the interests and concerns of our member institutions. Comments are due by October 27, 2014.

View A Live Online Course Get-Together Session

The Student Eligibility online course is currently underway! In addition to course attendees learning about student eligibility and paving their way to a NASFAA Credential, they are networking, collaborating, and learning from their peers in the industry. Peek inside one of the first live Get-Together sessions that take place each week and see for yourself how the NASFAA U online courses can help you advance both personally and professionally. View and register yourself for other course offerings this 2014-15 season.


9-22: FY 2011 3-Year Official Cohort Default Rates Distributed September 22, 2014

On September 22, 2014, the Department of Education electronically distributed the FY 2011 3-Year official cohort default rate (CDR) notification packages to all eligible domestic and foreign schools. In this announcement, it provides information about that distribution and the begin dates for appealing official CDRs.   


National News

Tuition Tug Of War In Higher Ed

"Financial aid is in a state of flux, but an institution's size and selectivity offer clues to what kind of student assistance gets prioritized," Diverse: Issues in Higher Education reports.

Mistakes Parents Make With Financial Aid

"Most families know the basics of college financial aid ... What many don't know-or at least, don't realize until it's too late-is that the timing of certain financial decisions made well before and even during college can significantly alter a student's eligibility for aid from both the federal government and the university itself," according to The Wall Street Journal.

Student Loan Debt Curbs Housing Market By $83 Billion, Study Says

"There's been lots of debate lately in housing circles about the impact of student debt on home ownership. Now there's a new study out that attempts to put a number on that impact: 414,000," The Los Angeles Times reports.

State News

New Hampshire Lawmakers Consider Freezing In-State Tuition

"While some New Hampshire lawmakers like the idea freezing in-state tuition at public colleges for another two years, they aren't ready to increase funding for the university system by 34 percent," WMUR9 reports.

California: Jacking Up J-School Tuition

"A proposal to raise tuition at the University of California at Berkeley's Graduate School of Journalism has some faculty members, alumni and students worried about destroying the school's distinctive character," Inside Higher Ed reports.


Op-ed: Colleges And Universities Need To Be Transparent

"In America today, the rate of return for college graduates has never been more disparate. This has led to skyrocketing student loan default rates and limited career opportunities for some graduates, and a general public distrust of the country's higher education system," F. King Alexander, president and chancellor of LSU, writes for U.S. News & World Report.

Blogs and Think Tanks

Jumping Off The Merit Aid Merry-Go-Round

"Besides the most elite schools, nearly all private nonprofit colleges provide merit aid or tuition discounts - often to the detriment of the low-income students they enroll," according to the News America Foundation's EdCentral.

Admissions Leaders Gather To Weigh 'Prestige, Financial Aid, And Love'

"Throughout the [National Association for College Admission Counseling's annual] conference trade-offs dominated discussions," according to The Chronicle of Higher Education's Head Count blog. 

Bringing The States Back In

"The hot topic in higher ed policy circles right now is the idea of tying federal ratings of various colleges to their eligibility for higher or lower levels of financial aid for students," Inside Higher Ed's Confessions of a Community College Dean blog reports.




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