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[22 Apr 2014 | No Comment | 0 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.

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[22 Apr 2014 | No Comment | 0 views]

“A state’s rights decision Tuesday by the United States Supreme Court may further impede the ability of racial minorities to attend state-supported colleges and universities in Michigan and six other states, yet does not change the court’s overall position that the use of race is still a valid consideration in other states for devising admissions strategies. The ruling was … widely criticized by progressives and leaders of numerous higher education advocacy groups,” Diverse: Issues In Higher Education reports.

Financial Aid, News, Scholarships, Student Loans »

[22 Apr 2014 | No Comment | 3 views]

“If you have student loans, chances are you wish there was a way to make them disappear. And in a way, there is: The federal government now offers three repayment plans that lower monthly payments and will—eventually—forgive remaining debt. A separate plan forgives loans for people who take certain public-service jobs,” the National Journal‘s The Next America reports.

Financial Aid, News, Scholarships, Student Loans »

[22 Apr 2014 | No Comment | 1 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.

Financial Aid, News, Scholarships, Student Loans »

[22 Apr 2014 | No Comment | 0 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 | 2 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.

Financial Aid, News, Scholarships, Student Loans »

[22 Apr 2014 | No Comment | 3 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.

Financial Aid, News, Scholarships, Student Loans »

[21 Apr 2014 | No Comment | 3 views]

News broke recently of a wide-reaching security vulnerability known as the Heartbleed bug. Heartbleed affects OpenSSL, used by a majority of the web to securely send data. In short, NASFAA member data is safe from Heartbleed.

Financial Aid, News, Scholarships, Student Loans »

[21 Apr 2014 | No Comment | 0 views]

After closing their previous term with the Fisher v. University of Texas decision, earlier this month the Supreme Court began its new term by hearing another case related to diversity in postsecondary education. The Court heard oral arguments for Schuette v. Coalition to Defend Affirmative Action on Oct. 15, a case that challenges the Michigan state ban against the consideration of race in admissions by the state’s public institutions.

Financial Aid, News, Scholarships, Student Loans »

[21 Apr 2014 | No Comment | 146 views]

“Government officials are trying to rein in increasingly popular federal programs that forgive some student debt, amid rising concerns over the plans’ costs and the possibility they could encourage colleges to push tuition even higher,” The Wall Street Journal reports.