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TODAY'S NEWS

today’s news for Thursday, December 7, 2017

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NEWS FROM NASFAA

Negotiators made strides in tackling key issues in rewriting a federal gainful employment (GE) regulation on Wednesday, discussing the value of a process to develop sanctions, earnings appeals, and reporting requirements for institutions.

AskRegs

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.

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Regulations on disbursing Title IV funds cover a wide array of issues. Early disbursements, late disbursements, retroactive disbursements, prior-year disbursements ... you get the idea. Join us Wednesday, Jan. 10, 2018, at 2:00 p.m. ET for our Cash Management: Disbursements webinar. Presentation and Content Development Specialist Lissa Powell will discuss the different types of disbursements, the rules and timelines that apply to each, and how schools put these into practice. Register now.

On the first day of membership NASFAA gave to me a Today’s News subscription and tools for all else I oversee. As the holidays approach, we’re highlighting a few of the compliance tools available to you as a NASFAA member. Today’s News, our AskRegs Knowledgebase, and the Standards of Excellence review program are just a few of the many tools right at your fingertips. Check out our list of 12 Tools of Compliance to learn more.

In the newest issue of the Journal of Student Financial Aid (JSFA), Sara Pingel and Dustin Weeden explore the relationship between state financial aid programs and the rigorous research required to ensure effective state policies. The authors argue that the responsibility to inform state policy falls on various stakeholders, such as state agencies, legislative staff, and financial aid professionals. Read the full article, which includes an exploration of how each of these players have an impact, and others in the latest issue of JSFA.

HEADLINES

National News

"As the competing Republican tax plans from the House of Representatives and the Senate head to a conference committee that will square the differences and create a final piece of legislation, graduate students are worried," Inside Higher Ed reports. 

"DeVry University was once among the largest for-profit institutions in the country and the crown jewel in its parent company’s collection. But enrollments have fallen and the for-profit institution has seen multiple lawsuits over advertising, recruitment and job placement," Inside Higher Ed reports. "Now DeVry’s parent company -- Adtalem Global Education Inc. -- is transferring ownership of the institution, along with Keller Graduate School of Management, to Cogswell Education LLC. DeVry and Keller together enroll nearly 30,000 students."

"Born in Port-au-Prince, Haiti, and raised in inner-city Boston, Alexandra Bernadotte was the first person in her family to go to college. 'When the letter from Dartmouth came, we treated the moment almost as if we had won the lottery,' she says. Her parents, younger sister, grandmother, aunts, uncles, and cousins piled into 10 cars for the trip to New Hampshire to drop her off. But she says getting into college was easier than what followed," The Chronicle of Philanthropy reports.

"The prospects for higher education are bleak, according to Moody’s Investors Service, a credit-rating agency that on Tuesday changed its outlook for the sector from 'stable' to 'negative,'" The Chronicle of Higher Education reports.

"In her first weeks of graduate school, Akanksha Sharma had a problem: an ever-growing shopping list. Textbooks for classes, essentials for her new apartment, lab and activity fees, notebooks, folders, pens, graph paper, and so on: If there was any money left, she’d even consider buying something to eat," according to The Chronicle of Higher Education. "A paycheck was on the way for Ms. Sharma’s work as a research assistant at the University of Arizona. She just needed a place to deposit it. Fortunately, Wells Fargo Bank had a branch on campus, and various university materials described the company as its 'official banking vendor.' It was an easy choice."

Opinions

"As the holiday season begins, all through the house, not a creature is stirring…except for college-bound high school seniors agonizing over their college application essays. So it is fitting that in Congress, the House Education and Workforce Committee has introduced the Prosper Act for reauthorizing the Higher Education Act, which would make it easier and less confusing to choose and pay for college," Monica Herk, vice president of education research at the Committee for Economic Development, writes in an opinion piece for The Hill.

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