[18 Apr 2014 | No Comment | 2,122 views]
April Newsletter: 12 Top-Paid CEO Colleges | Award Letters | $10,000 Scholarship

In this issue of Financial Aid News, see which colleges the 12 top-paid CEOs attended, get tips on reading award letters, and check out a new $10,000 scholarship opportunity.

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[23 Apr 2014 | No Comment | 3 views]

Moving to prior-prior year (PPY) tax data in need analysis would benefit both students and financial aid administrators—and momentum is building for the shift, presenters concluded Wednesday at an event hosted by NASFAA on Capitol Hill.

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[23 Apr 2014 | No Comment | 1 views]

“Missouri lawmakers have only a few weeks to decide whether to expand a college scholarship for top students in an effort to employ them in the state after graduation,” the Columbia Daily Tribune reports.

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[23 Apr 2014 | No Comment | 3 views]

“Although the decision didn’t directly address the constitutionality of race-conscious admissions policies, the dissenting opinion, written by Justice Sonia M. Sotomayor, cited student-demographic data as proof that the ban, which went into effect in 2008, has adversely affected minority enrollment and diversity at the University of Michigan at Ann Arbor,” The Chronicle of Higher Education’s Data Points reports.

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[23 Apr 2014 | No Comment | 2 views]

“Davis College will introduce a program this fall to help incoming students pay off their loans after graduation. The Christian college in Johnson City will introduce FLEX — Financial Liberty Exercised — for incoming students. FLEX provides assistance to students and parents and will help with loan repayment after graduation if students do not meet specified income thresholds,” Press Connects reports.

 

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[23 Apr 2014 | No Comment | 3 views]

“Instead of asking students to buy a textbook from a major publishing company, [South Florida Community College student Caitlin] Ryen’s professor assigned a free digital textbook that he customized for the class. Ryen’s professor, Erik Christensen, began exploring the format in 2007, when a student asked to borrow a textbook because he couldn’t afford one,” CNN reports.

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[23 Apr 2014 | No Comment | 8 views]

Negotiators reconvened Wednesday for the third session of the Department of Education’s 2013-14 Program Integrity and Improvement negotiated rulemaking, where state authorization of distance education programs dominated the conversation.

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[23 Apr 2014 | No Comment | 5 views]

“[W]hile crowdfunding is still a radically new idea in student finance, Upstart’s new product announced today is fairly traditional: A short-term, medium-interest loan that young people can use for class, or even to refinance credit card debt or finance special projects,” the Silicone Valley Business Journal reports.

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[23 Apr 2014 | No Comment | 3 views]

“For one student, the difference was a financial-aid officer who took the time to draw him out about personal problems that were derailing his studies. The strategies that their small, private colleges took to help those low-income students succeed took center stage on Wednesday at a three-day conference highlighting a group that isn’t used to being in the spotlight,” The Chronicle of Higher Education reports.

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[23 Apr 2014 | No Comment | 1 views]

“The proportion of Americans with college and university degrees continues to rise slowly, according to new figures, and young adults in particular are picking up the pace of earning academic degrees,” Diverse: Issues In Higher Education reports.

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[23 Apr 2014 | No Comment | 1 views]

“Language in the [DREAM Act] regarding out-of-state tuition exemptions for students meeting certain requirements has been removed from bill proposals, but there are several states throughout the country that have adopted and passed their own versions with nonresident tuition exemptions. Utah is one of them,” The Park Record reports.

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[22 Apr 2014 | No Comment | 6 views]

“The Department of Education (ED) is planning to revise the way it evaluates student loan servicers that manage payment of direct student loans,” MainStreet reports.

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[22 Apr 2014 | No Comment | 6 views]

“As commencement season approaches, graduating students will soon hear words of wisdom from speakers offering experience, advice and inspiration. One thing they’re not likely to hear about is the $1.08 trillion elephant on the quad — our nation’s student debt crisis,” Washington Post columnist Katrina van den Heuvel writes in an opinion piece.

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[22 Apr 2014 | No Comment | 8 views]

“State cuts to higher education spending aren’t the only reason public colleges are getting more expensive. But they are, without a doubt, one of the most important reasons,” Slate‘s Moneybox reports.

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[22 Apr 2014 | No Comment | 10 views]

The nonpartisan Congressional Budget Office (CBO) released estimates last week indicating that they expect the Pell Grant Program to be on sure financial footing through the fiscal year (FY) 2016 (award year 2016-17). However, FY 2017 (award year 2017-18) is expected to face a funding shortfall of $2.3 billion.  This represents good news in the short-term, as it means other student aid programs will not have to be cut or modified to shore up Pell funding. The long-term fiscal health of the program is less stable, according to the CBO, which projects a cumulative shortfall of $38 billion over the next 10 years.

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[22 Apr 2014 | No Comment | 12 views]

“Higher education has a long and fraught relationship with the labor market,” Kevin Carey, director of the education-policy program at the New America Foundation, writes in a Chronicle of Higher Education commentary.