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today’s news for Thursday, October 28, 2021

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AccessLex Institute. Join us for [email protected] – our free, 2-day virtual event for administrators and leaders in the field of graduate and professional student success – November 2 and 3. If you're in financial aid, admissions, career or student services, or any area focused on student success, save your seat today!

NEWS FROM NASFAA

Richard Cordray, the chief operating officer of Federal Student Aid (FSA), on Wednesday testified before the House Education and Labor Subcommittee on Higher Education and Workforce Investment, where members sought out answers concerning pressing updates on the office’s sprawling student loan servicing system. The conversation covered issues surrounding federal financial aid and servicing, including the return to repayment for federal student loan borrowers, the recent announcements about changes to the Public Service Loan Forgiveness (PSLF) program, and the monitoring and oversight of predatory institutions.

Higher education stakeholders continued to provide public comment concerning the “90/10 loophole” during the Department of Education’s (ED) negotiated rulemaking public hearing on Wednesday. Those who spoke, including student advocates and policy experts, urged the department to ensure that regulatory changes best benefit students. During the public hearing, NASFAA Policy Analyst Jill Desjean provided testimony aiming to highlight the ways in which ED should work to ensure students are protected during the impending regulatory changes and that unintended consequences are averted.

People go to college and pursue undergraduate degrees for a multitude of reasons. While many may think future earnings are the driving force, findings from Strada’s national survey show money is just one of the many factors motivating students. Strada’s 2021 national alumni survey, released Wednesday, includes responses from 3,309 alumni who completed their undergraduate degrees in the past 20 years and attempts to underscore the value of an undergraduate degree at a time when enrollment is shrinking and students' perception of the value of a degree is shifting.

NASFAA UPDATES AND ANNOUNCEMENTS

What makes a strong candidate for NASFAA National Chair? We are seeking someone who works full-time at a NASFAA member institution, has demonstrated leadership at the state or regional level, has experience with facilitating meetings and public speaking, and is committed to upholding NASFAA’s code of ethics. If you — or anyone you know — fits the bill, please nominate yourself or a qualified colleague for the role of NASFAA National Chair by Friday, November 12 at 5:00 p.m. ET. Nominations are also being accepted for representatives-at-large.

Don't wait for the Department of Education to come knocking — make sure your programs are in order with the Compliance Engine's Self-Evaluation Checklists. These include checklists from the NASFAA Self-Evaluation Guide, allowing administrators to evaluate their programs in a centralized, shared online space. Self-Evaluation checklists are complimentary for all NASFAA members, included with your dues. Get started today.

Financial wellness programs continue to grow in popularity on college campuses ,and financial aid offices play a key role in implementing successful programming. In this October 20 webinar, NASFAA's guest presenters provided an overview of a national benchmarking study of student financial wellness programs, discussed how to develop a program on your campus that is scalable and personalized to student needs, and reviewed ways to successfully implement online interventions. Register now

NASFAA TRAINING

NASFAA CAREER CENTER


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