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Showing page 1 of 2 (30 total posts)
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Reauthorization is the process where Congress looks at the financial aid industry and makes modifications, additions, or deletions. Normally, reauthorization is completed every few years, but the last time was 1998. Bill Clinton was the president.
Since then, extensions have been granted for the existing financial aid processes/awards. ...
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I just did the ultimate no-no for computer work---I didn't save my work. I was almost done with my post, and our electricity went out due to storms. Of course, I hadn't saved any of it. So, let's see if I can do this from memory.
It's time to start thinking about applying for scholarships because many sponsors have early ...
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I knew I'd forget in my first post. This is an online learning forum, so I don't know how the these new veterans benefits will affect distance learners, especially the housing allowance. I'm sure additional clarification is forthcoming.
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On June 30, President Bush signed into law a supplemental spending bill (H.R. 2642), which funds additional resources for U.S. veterans. President Bush has expressed his pleasure in increasing the GI Bill for veterans and military families.
Our National Association of Financial Aid Administrators (NASFAA) has notified its affiliates of this new ...
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This past weekend I finally had a chance to sit down and read through the July issue of Redbook. I always enjoy reading the Mom Moment section just to see what's changed since my children were growing up. This time, a headline caught my eye: "Scholarships for single moms!" Being the financial person that I am, naturally I had to read ...
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I realize that many of you are taking classes in a non-traditional format, meaning you're on quarter hours, tri-mesters, or terms other than fall and spring semester. My school runs on those fall and spring semesters. While I try to think outside the educational box, I can't help but write for those students who will begin classes in ...
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I live 40 minutes from the Mississippi river. While my town has not been directly impacted by the floods, our community has provided support with sandbagging in area towns. My family had to pack my brother and his wife's belongings (even tearing up the carpet) from his river cabin, which is now under water.
Mother nature is paying us back ...
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On Wednesday, May 7, President Bush signed bill H.R. 5715 into law. My post on Tuesday outlined the bill's properties, but I have received some additional clarification which may affect many of you. Most importantly, the loan increases are for both Stafford Loan and Direct Lending students. The new law goes into effect for loans first ...
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More legislative bills are rolling around Capitol Hill as our legislators continue to look at ways for students to fund an education. A while back I introduced a bill from the House of Representatives and the another from the Senate. Both were similar in their makeup, with only minor differences.
The Senate has adopted the House bill (with ...
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Today has not been a good day for me. In fact, this last month hasn't been good. My supervisor retired the end of January, and I was offered a very meager pay increase to take on half of his duties (plus my own). Another senior administrator in my office accepted the other half. Somehow, I think I got the wrong half! And I'm now wondering ...
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I apologize for the inconsistencies in my posts. It's been crazy at work with students trying to pay their bills to register, students applying for summer aid, and 2008-09 application processing. I have job security!
A while back I wrote about Senator Edward Kennedy's proposal for increasing financial aid opportunities. It's now ...
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Legislation has passed through the House of Representatives, H.R. 5715, that is similar to Sen. Edward Kennedy's proposal which I reported in a previous post. Of those voting on 4/17/08, 383 voted yea, and 27 voted nay to the following package:Increases Unsubsidized Stafford Loan (Direct Lending not addressed) loan eligibility for ...
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Wow, I guess I've been in this business long enough that I've taken things for granted. I can remember years ago that our senior financial aid staff, myself included, met to overhaul our school's financial aid award notification to students. At that time, we were required to list our school's expected cost of attendance and ...
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Are you applying for admission to more than one college? Trying figure out which college is the most affordable? Want the best aid package? This may end up being a two- or three- part series, but we'll see what happens here.
The electronic Free Application for Federal Student Aid (FAFSA) allows students to list up to 10 college choices. For ...
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I'm behind my personal schedule for posting, and quite honestly, I didn't even want to be around a computer this weekend. Last week was a rough one, and it won't get any better for the next several weeks. It's almost registration time at our school, which means the procrastinators are coming out of the woodwork.
Most of the calls ...
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This is now the peak time for our office to be processing financial aid and FAFSA applications. It's also the peak time we find numerous mistakes that students/families make on the FASFA. I took an informal poll of our financial aid staff to create a list of the top 10 mistakes we find on the FAFSA:
10. Answered Yes to drug ...
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I read an article that attention is being paid to sexual predators who receive financial aid while "incarcerated". Since the mid-90's incarcerated students have not been eligible for any type of federal financial aid. Then how can they do this, you ask?
Several years ago further restrictions were introduced banning federal ...
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I just got back from our last Welcome Reception for our college's incoming freshman. Luckily, our traveling group didn't encounter any snowstorms on our 4 hour trek to the Marriott like we did on our last outing! (PLEASE stop snowing!) My college does a lot of outreach for newly accepted students to our university, and I'm ...
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I decided it's time to bone up on the federal regulations by reading the administrator's federal handbook. It's definitely not light reading! In reviewing chapters I thought would be directly relevant to students, I ran across the chapter entitled Providing Consumer Information. Of course I ran a quick check to make sure my school was ...
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Under certain circumstances, it is possible to receive financial aid while attending two schools simultaneously. Doing so is called a "consortium".
In a consortium, there must be a home school, a host school, and a written consortium agreement. Each school must be eligible to receive federal student aid funds. These agreements can vary ...
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First of all, I wish to express my sympathy to everyone at Northern Illinois University. Being from Illinois, it hits a little closer to home, although any tragedy is devastating. Children of friends of mine attend NIU, and we have hometown ties to that particular classroom (our student is safe and sound). It's very, very scary ...
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The Higher Education Act of 1965 was established by our 89th U.S. Congress for formalize the financial aid process and implement policies of all federal financial aid programs. Reauthorization of the Higher Education Act is supposed to take place every few years to review and strengthen these processes and policies, as well as introduce new ...
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The year 2007 brought about some changes in financial aid. Actually, some became effective in 2006, but had the greatest impact in 2007. Most significantly, annual federal loan limits increased for the first time in almost two decades. While legislators saw this as a means to support students in their education, it also puts you deeper in debt. ...
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This is rather off the beaten path for my posts, but it's that time of year where stress seems to dig in a little deeper for everyone. I'd just like to tell you what it's like for financial aid administrators (FAAs).
Beginning in October, students begin thinking about registering for the next semester or quarter at their schools. ...
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Hope everyone had a great Thanksgiving! I was up and shopping at 5 a.m. this morning for the first time in my life. Won't do that again.
I discussed student budgets for regular coursework in my last post, but there are exceptions: less than half time enrollment, correspondence courses, incarcerated students, and waivers.
Less than half time ...
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