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TODAY'S NEWS

today’s news for Monday, October 16, 2017

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At Edfinancial, getting your students to the finish line is what matters most. Whether it’s answering questions about enrollment, explaining financial aid processes or preventing student loan default, we can help your students succeed. Find out how we do it by visiting us at www.edfinancial.com/HES/Casestudies

NEWS FROM NASFAA

Enacted in 2007 through the College Cost Reduction and Access Act (CCRAA), the Public Service Loan Forgiveness (PSLF) Program will see its first cohort of eligible borrowers receive forgiveness beginning this month. Certain lawmakers, policy analysts, and writers have criticized the program over its first decade and some have advocated for its elimination. This NASFAA Issue Brief, intended for policymakers and campus colleagues, provides background on PSLF and includes recommendations to improve and solidify the program. See NASFAA's Advocacy Resources page for more tools to support your advocacy efforts.

Leadership Conference

The 2018 Leadership & Legislative Conference & Expo, to be held Feb. 26-28, 2018, in Washington, D.C., includes two days of sessions on various leadership and professional development topics, followed by an optional day on Capitol Hill where participants can advocate on behalf of their students. Attendees will have their choice of four leadership pathways, including the popular Fundamentals of Enrollment Management and Strategic Enrollment Management tracks. View the Agenda at-a-Glance for the tentative schedule and register today to take advantage of early-bird pricing.

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.

 Austin 2018

We want to offer lots of great sessions at the 2018 NASFAA National Conference—set for June 24-27, 2018 in Austin, TX— but we need your help. Got an idea for a great session? Read through the tips on Presenters and Moderators page for more information and submit your interest session proposal by October 23.

Financial Aid Day (FAD), celebrated each year on the third Wednesday in October, is a special day set aside to celebrate and recognize the contribution of all financial aid professionals across the United States for helping students make their college-going dreams a reality. On FAD colleagues are encouraged to do something special—have an office party, a potluck, a toast, etc.—to celebrate financial aid administrators' contributions to the profession. What is your office doing to celebrate the occasion? Send your stories and pictures to news@nasfaa.org for the chance to have them shared on our Facebook page.

U.S. DEPARTMENT OF EDUCATION

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.

During the period October 21-22, 2017, the Department of Education plans to execute extended website maintenance and operating system upgrades to several Federal Student Aid websites and systems. This work is in addition to the regular weekly maintenance that occurs each weekend.

FEDERAL REGISTER

The Comprehensive Transition Program (CTP) for Disbursing Title IV Aid to Students with Intellectual Disabilities expenditure report is the tool for reporting the use of these specific funds. The data will be used by the Department to monitor program effectiveness and accountability of fund expenditures.

This request is for an extension of the reporting requirements Start Printed Page 48068 currently in Student Assistance General Provisions, 34 CFR 668, Subpart I which governs the Immigration-Status Confirmation authorized by section 484(g) of the Higher Education Act of 1965, as amended. This collection updates the usage by individuals and schools. This is necessary to determine eligibility to receive program benefits and to prevent fraud and abuse of program funds.

The Department of Education (ED) is seeking continued approval of a Third Party Servicer Data Collection form to be used to collect information from Third Party Servicers, validate the information reported to ED by higher education institutions regarding third party servicers that administer one or more aspects of the administration of the Title IV, Higher Education Act of 1965, as amended, programs on an institution's behalf, and to collect additional information required for effective oversight of these entities.

HEADLINES

National News

"For disadvantaged students, getting into a top college is a significant feat. But getting a diploma matters far more," The Washington Post reports. "Among 100 major public universities across the –– state flagships and other prominent schools –– only 11 report a six-year graduation rate of at least 80 percent for students with enough financial need to qualify for federal Pell Grants."

"A senior at Purdue University, Sage Archer was surprised to get an email out of the blue from the community college where she'd taken summer courses years before," according to The Hechinger Report. "It told her she'd amassed enough credits for an associate degree and could get one at no further cost and with almost no effort."

State News

"... Students in jeans and gray or navy blue T-shirts and sweatshirts nod, one pulling a pen from behind his ear to take notes and another referring to blocks of text he highlighted before class," The Gazette reports. The 33 men in this class are offenders at the Iowa Medical & Classification Center (IMCC) in Coralville and this class is part of a fall speaker series on topics including World War I poetry, religion, human rights, civil liberties, yoga and job interviews."

"Tens of thousands of people have applied for or expressed interest in New York's free public college tuition program since it was announced earlier this year. And now that the academic year has started and those who qualified for the Excelsior Scholarship have begun classes, some colleges and universities are beginning to see the early effects of the program," Inside Higher Ed reports.

"Hurricane Irma delayed financial aid payments to students at Seminole State College because the school was closed for a week," WFTV reports. "But now, a few weeks later, around 550 students are still waiting for their financial aid to go through."

Opinions

"From the testimony and interviews you have given, I gather that you believe strongly in providing taxpayer funds to colleges owned by for-profit companies," Robert Shireman wrote in a letter to Education Secretary Betsy DeVos, which was published by The Chronicle of Higher Education. "You believe that, relieved of the requirements and restrictions involved with being nonprofit or public, they will yield better outcomes for students, directly and through competition. I assume your belief is genuine and not based on any past, present, or potential future financial motivation."

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