"More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute," the Associated Press reports.
"Pennsylvania Higher Education Assistance Agency is encouraging students and families to watch out for scams promising a State Grant award or offering assistance in completing applications in exchange for a fee," Public Opinion reports.
"The number of graduate and postgraduate students ages 50 to 64 has been climbing steadily, from 625,000 in 2007 to as many as 750,000 in 2011 — a 20 percent increase, according to the National Center for Education Statistics," AARP The Magazine reports. "For most types of federal financial aid, you need to be enrolled at least half time in a degree or academic program. 'You can't just go back and enroll in continuing education or take one class at a time,' says Karen McCarthy, senior policy analyst with [NASFAA]."
"New data from the Delta Cost Project, for the American Institutes of Research, show how much the states withdrew support from public higher education during the decade that ended in 2011," Inside Higher Ed reports.
"Outsourcing delinquent borrower outreach to a company focused on default prevention is an aggressive defensive approach that can have a real impact on loan payment rates," University Business reports. "'Default prevention is a laborious process that requires a lot of time and people,' says Karen McCarthy, a senior policy analyst for [NASFAA]. 'These companies know what efforts are fruitful, so time won’t be wasted on tactics that don’t work.'"
"When his 27-year old daughter Lisa died suddenly of liver failure five years ago, Steve Mason was as devastated as any father would be. Then the student loan bills started coming," CNNMoney reports.
"Advocates for community colleges are pressing federal lawmakers to make adjustments to a student loan law they say is a 'blunt tool' that could unfairly penalize colleges where only a small portion of students default on their federal loans," Inside Higher Ed reports.
"A new report by the Institute of Medicine, issued Tuesday, called for an overhaul of federal financing of physician training and residency programs," Inside Higher Ed reports.
"Eight big for-profit-college companies received nearly a quarter of all the money spent on Post-9/11 GI Bill benefits in 2012-13, says a report released on Wednesday by Sen. Tom Harkin and the Senate education committee's Democratic majority," The Chronicle of Higher Education reports.
"UC and Cal State students anticipating financial aid from the state’s new Middle Class Scholarship program are going to have to wait until September to learn how much they will receive, a top administrator said Tuesday," The Los Angeles Times reports.
"The government’s official statistic for college-tuition inflation has become somewhat infamous. It appears frequently in the news media, and policy makers lament what it shows," The New York Times' The Upshot reports.
"One of the biggest concerns at colleges and universities is how best to improve retention," Brian C. Mitchell writes for The Huffington Post's The Blog.
As she begins her tenure as 2014-15 National Chair, Eileen O'Leary took some time to discuss with Today’s News
her goals for the next year and what inspires her as a financial aid professional. Be sure to check out Eileen’s address to NASFAA members
at the 2014 National Conference in Nashville!
NASFAA didn’t have to go far to catch up with former Dallas Martin Fund for Education in Public Policy and Student Aid (DME) Intern Charlotte Etier, as just last week, she joined the organization full time as our new Research Analyst! That’s only one exciting development in Charlotte’s life since she completed her internship with NASFAA in the summer of 2013. She got married (and now goes by Charlotte Pollack), worked on the financial aid front lines, and recently relocated to Washington, D.C.
"Americans who attended college for a while but never earned a credential might be the key to achieving the ambitious college completion goals the White House and influential foundations have set," Inside Higher Ed reports.