Today's News for
Thursday, March 26, 2015
FATV: Educating students
and supporting staff for over 10 years! Over 4 million online
videos watched this past year via our award-winning GetAnswers service. Plug and play
technology that is easy to customize and simple for schools to
implement. Available 24/7. For a school demo or estimate, visit http://www.financialaidtv.com
or call 888-704-9090.
NEWS FROM NASFAA
The Senate on Wednesday accepted an amendment to its fiscal year
(FY) 2016 budget bill to simplify the student loan repayment
process. In Sen. Richard Burr's (R-NC) floor speech introducing the
amendment he quoted a letter, written NASFAA President Justin
Draeger in support of the Repay Act of 2015, which the
amendment is based on.
Despite being one year away from college, many high school
juniors surveyed did not know about the Free Application for
Federal Student Aid (FAFSA) or if they would qualify for financial
aid, according to a new report from the National Association for
College Admission Counseling (NACAC).
If you'll be
attending the 2015 NASFAA National Conference, consider volunteering for NASFAA's first-ever mentor program for first-time attendees! The steering committee will be tasked with fully developing the program, assigning mentors to attendees, developing and running
ice breaker activities in the first-time attendees lounge, and identifying survey questions to determine how the conference mentor program was received. If you're interested in helping, read the charter and complete the volunteer form by the end of the day tomorrow.
View Lesson #1 from NASFAA’s Overview of the Financial Aid Programs Self-Study Guide by clicking on the image of the Self-Study Guide cover with the orange “Sneak Peek” banner. Designed for the independent learner, Self-Study Guides include multiple lessons with a variety of exercises to reinforce the learning process. NASFAA University Self-Study Guides are available for purchase in our online store, or you will receive unlimited free access when you sign up as a Value-Plus Member.
The Secretary announces the annual updates to the ICR plan formula for 2015 to give notice to Direct Loan borrowers and the public regarding how monthly ICR payment amounts will be calculated for the 2015-2016 year.
"The U.S. Department of Education is so concerned about the risk
that dozens of colleges pose to students and taxpayers that it has
curtailed access to federal money at those institutions -- but it
won't say which ones," Inside Higher Ed reports.
"...The current measure of student-loan performance ignores what
research shows is the most important indicator in determining
whether students are able to avoid defaulting on their loans:
whether they finished college," Ben Miller writes for The
Chronicle of Higher Education.
"The amount students are borrowing to pay for their four-year
college degrees is rising across all income levels, increasing
their debt burden before they have even landed a
job," MainStreet reports.
"Reps. Ryan Zinke (R-Mont.) and Ruben Gallego (D-Ariz.), both
freshman lawmakers and war veterans, teamed up to introduce a bill
Tuesday that seeks to ensure disabled veterans and families of
deceased veterans are not burdened by taxes on discharged
loans," The Hill reports.
"More than two decades ago, long before the Great Recession
wreaked havoc on higher education finances and tuition skyrocketed,
David Breneman, currently a professor of economics in education at
the University of Virginia, warned educators that liberal arts
colleges were on their way out," according to U.S. News
& World Report.
"Twenty-five miles from Montgomery, Ala., in the middle of the
tough-on-crime, fiscally conservative Deep South, sits an unusual
place of learning," Inside Higher
"The Obama administration briefly considered but ultimately
decided against expanding a new student privacy bill beyond K-12
education, according to sources with knowledge of the drafting
process. The resulting draft is a 'missed opportunity' for the
White House to address privacy in higher education, legal scholars
say," Inside Higher Ed reports.
"State officials are working on a plan to offer interest-free
loans to students who study science or technology at a Maine
college and go on to work in a related job in the state,"
the Portland Press Herald reports.
"Gov. Earl Ray Tomblin signed the 2015-16 state budget bill
Monday evening, but not before cutting roughly $2.8 million more
from higher education than legislators had approved,"
the Charleston Gazette reports.
"The home-state price of entry at the University of Virginia
will rise 11 percent next fall - one of the highest college
tuition-and-fee increases in the nation - under a plan approved
Tuesday that also aims to slash the debt burden for students in
need," The Washington Post reports.
NASFAA CAREER CENTER