Submitted by Lynn Russo Whylly on Wed, 03/13/2013 - 1:07pm
Although higher education is absorbing about one-third of the $75 million of cuts in the proposed 2013-2014 state budget, Higher Education Policy Commission Chancellor Paul Hill said the commission decided not to make any cuts to financial aid programs for students.
Submitted by Lynn Russo Whylly on Thu, 03/07/2013 - 10:09am
Student financial aid administrators, policymakers, and the general public have all expressed increasing concern about student loans, debt levels, and rising default rates, which coincide with worries about college costs, affordability, and transparency. That’s why NASFAA, the association representing nearly 20,000 financial aid professionals from all sectors of higher education, convened a task force in 2012 to study this issue and make recommendations for improvement.
Submitted by Lynn Russo Whylly on Wed, 03/06/2013 - 3:44pm
In estimating enrollment behavior, there are variables that are typically significant, such as financial need, total grant, quality measures, intended major, distance from campus, etc. Although the set of variables and their magnitudes are specific to each institution, there are some indicators that are usually more predictive than others.
Submitted by Lynn Russo Whylly on Wed, 03/06/2013 - 1:42pm
A House bill, the Earnings Contingent Education Loans (ExCEL) Act of 2012, attempts to reduce complexity, improve default rates, and increase the effectiveness of federal student loan subsidies—and would dramatically alter the way federal student loans are paid back.
Bracing for cuts, advocating for opposition
Higher ed organizations are bracing for potential cuts in student loan funding and the trickle down of major cuts to agencies that support the bulk of institutional research and development.
- Loan limits would mirror those in the Direct Loan Program. New borrowers could borrow IDEA loans up to the combined amount they could have borrowed from the subsidized and unsubsidized Stafford programs for their academic level (except that total would all be unsubsidized.) Graduate and professional students who could have borrowed an additional amount above their unsubsidized Stafford eligibility under the Grad PLUS program would be able to borrow that same amount in additional IDEA funds.
Support for proposed legislation from financial aid administrators
A House bill, the Earnings Contingent Education Loans (ExCEL) Act of 2012, attempts to reduce complexity, improve default rates, and increase the effectiveness of federal student loan subsidies—and would dramatically alter the way federal student loans are paid back. On Dec. 17, Rep. Tom Petri (R-Wis.) introduced the bill, which would provide unsubsidized loans and require income-contingent repayment for all borrowers through a payroll withholdings system.
Submitted by Lynn Russo Whylly on Thu, 02/14/2013 - 11:43am
Grand Rapids Community College
Grand Rapids, Mich.
Submitted by Lynn Russo Whylly on Thu, 02/14/2013 - 10:17am
As the student aid programs rapidly approach reauthorization in 2014, they continue to face severe funding and efficiency problems. This report puts forward broad policy considerations to generate discussion and debate with the goal of advancing key policy issues facing student aid.
Submitted by Lynn Russo Whylly on Wed, 02/13/2013 - 2:44pm
With families’ growing concerns about financing higher education, and the federal government’s increasing involvement in recommending and/or requiring certain communications regarding institutional costs, every institution should be taking a step back to review all of the tools currently being used to present affordability, explain the aid application process, and communicate the awards themselves.