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05/18/16 - Meet MASFAA's New Committee!
The Financial Literacy Committee doesn't have a MASFAA webpage yet, but you can still find out what they've been up to! Click on "more..." to read all about their recent meetings and plans for the future.  (more...)
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Tomorrow is the last day to register online for the conference. After 5:00 pm ET tomorrow, you will need to complete our on-site registration form and bring it to the registration desk in the Marriott Wardman Park to register. If you wish to cancel your conference registration, you must do so by 5:00 pm ET tomorrow, otherwise you will be responsible for the full amount of the registration fees and will be billed (cancellation fees will apply). If someone is attending the conference in your place, please complete the Conference Cancellation & Change of Attendee Form by tomorrow.

 Janette

I moved to DC in mid-August last year, and I remember thinking it was very quiet around town. The city gets quieter every day as people start to leave for summer vacations. It’s no different here in the NASFAA office as people are in and out for well-deserved vacations. However, the quiet has allowed me to really focus on the pre-reading materials for the Postsecondary National Policy Institute (PNPI)'s Federal Student Aid Boot Camp next week. Last week, I mentioned that NASFAA’s Student Aid Profile was included, but as I’ve kept reading, I noticed that NASFAA is quoted multiple times throughout the materials.

On July 25, the Department of Education (ED) released a Notice of Proposed Rulemaking which proposes amendments to the State Authorization sections of the Institutional Eligibility regulations issued under the Higher Education Act (HEA) of 1965, as amended, with an aim toward clarifying the requirements for institutions of higher education to obtain state authorization for distance education, correspondence courses, and foreign additional locations and branch campuses. Comments on these proposed rules are due August 24, 2016.

Department of Education (ED) officials addressed several issues that were raised by the financial aid community during a Federal Town Hall at the NASFAA Conference, most of which were related to the use of prior-prior year (PPY) income, verification, and conflicting information for 2017-18. The following are some highlights from that back-and-forth with ED officials.

"College graduates in 2015 owed an average of slightly more than $35,000 on their education loans. Overall, student debt is around $1.3 trillion and growing," Bankrate reports. "With those kinds of numbers, it's no surprise that in many cases debt-burdened students look for ways to lessen their loan loads. In rare cases, lenders reduce or completely erase the loan balances."

"There's a new book out about the student loan crisis, or what author Sandy Baum suggests is a 'bogus crisis.' Baum, a financial aid expert and senior fellow at the Urban Institute, claims it has been manufactured by the media in search of a spicy story and fueled by politicians pushing 'debt free college' proposals," NPR reports.

"We may soon know what the student debt landscape would look like under a President Donald Trump," MarketWatch reports.

"Graduate students who teach classes at San Diego State, Cal State San Marcos and other California State University campuses are calling for higher pay. They began negotiating a new union contract last month and will take on the sticky subject in the coming weeks," KPBS reports.

Despite conventional wisdom, state subsidies at public universities do not have a disproportionate impact on different income groups, according to a new report from The Brookings Institute. In fact, students with the highest incomes receive the lowest subsidies.

"Public universities have declined in quality relative to private universities over the past fifty years. Given the college earnings premium (60 to 70 percent more than high school graduates on average), and that two thirds of America's college students attend public universities, this decline warrants concern. Surprisingly Medicaid, the government health insurance program for low income and disabled Americans, may be responsible, as a 2005 study from the Brookings Institution argued. The details illustrate how federal grants shape state policy," Dan Sutter writes for the Troy Messenger.

"Barack Obama, Hillary Clinton and Bernie Sanders agree that community college should be free. As a 26-year veteran of community college teaching, this would catapult me (and about a million students) over the moon," Wendy Smith writes for The San Diego Union-Tribune.

 
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