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today’s news for Tuesday, June 12, 2018

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NEWS FROM NASFAA

A student in an Ability-to-Benefit (ATB)-eligible career pathways program is concurrently enrolled in classes leading to a high school credential and Title IV-eligible postsecondary courses. If the postsecondary institution where the student is taking courses draws down Title IV funds for the eligible courses, but then the student doesn't finish the high school classes and doesn't complete the program, what are the ramifications? Think you know the answer? Read on to see if you got it right.

AskRegs

If your SAP evaluation is based on progress through the end of the spring term, for example, then your SAP evaluation will be based on the academic program in which the student is enrolled at the end of the spring term. View the full answer to this question for more on how to determine which grades and hours to include in your evaluation, and search for answers to your other pressing regulatory and compliance questions, in NASFAA's AskRegs Knowledgebase.

 P&P Logo

This has to be one of the biggest concerns financial aid administrators have related to policy manuals and remaining in compliance. And we get it! Who is busier than financial aid administrators at this time of year? Federal regulations mandate that financial aid offices keep a written set of procedures. NASFAA's P&P Builder, a module of the Compliance Engine, makes keeping your policies and procedures manual up to date easier than ever. Start by manually inputting your existing manual into the tool and then follow the tool’s prompts to flesh out what’s missing. Head to our Compliance Engine Frequently Asked Questions page to find more answers to common questions.

x - HEADLINES

National News

"For the second time in less than two years, officials at the U.S. Department of Education have recommended against approving a controversial accrediting agency that primarily oversees for-profit colleges. But their finding may have little effect on the accreditor's future," The Chronicle of Higher Education reports.

"The national student loan debt in America is at a record high of $1.45 trillion. It's an almost mind boggling number. And it becomes even more staggering when looked at another way: there are 45 million student loan borrowers in this country, each of whom owes an average of $27,975 in educational debt," according to MarketWatch. "This colossal burden is weighing heavily on millennials in particular, many of whom report that the debt is having a significant emotional toll, according to a recent study."

State News

"Sadia Kahn ended up at UC Berkeley because of a look her dad gave her. When she was in middle school she told him she wanted to go to Berkeley because she'd noticed adults perked up when they heard the word, but in this case it backfired," KQED reports. "'He had the saddest look in his eye,' Kahn recalls. 'I think he felt guilty. He knew that was something we couldn't afford.'"

"For the past several years, college officials have blamed the rising cost of tuition largely on severe budget cuts from state lawmakers," according to The State Journal. "Once again, most of the four-year colleges in the state are planning to increase the cost of tuition when students return to class in the fall, according to documents from the Higher Education Policy Commission, which is the state agency that oversees four-year institutions."

Opinions

"More than 3 million students will graduate from U.S. high schools this month, and two-thirds of them will head off to college next fall. If history is any guide, for many of them, their high school graduation might be their last commencement ceremony," Jeffrey Selingo writes for The Washington Post.

Blogs & Think Tanks

"From reauthorizing the Higher Education Act to expanding apprenticeships, lawmakers in Congress have a full plate when it comes to tackling issues that affect community colleges," David Baime writes for the American Association of Community Colleges. "All these issues will be discussed at this week's anticipated Advocates in Action, a three-day American Association of Community Colleges (AACC) event in the nation's capital that brings together community college leaders from across the country with officials from Congress, the U.S. Education Department and more."

x - INDUSTRY NEWS

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