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- Oct 30, 2014

It's time for thoughts about college applications, which means students are filled with anxiety over whether they will get into their dream school, quickly followed by their (and their parents') panic over how they will pay for it. For those already in school, this is a time of sticker shock as tuition bills for the new semester start to arrive.

For all students, financial aid can be a real lifesaver. But common myths and misconceptions about financial aid abound, and believing any of them could cause you to miss out on valuable aid for which you might qualify.

To view the full article, visit chicagotribune.com.

- Oct 30, 2014

Young adults aren't saving as much as they think they should for retirement. But paying off debts is just as important.

To view the full article, visit time.com.

- Oct 24, 2014

In response to the President’s memorandum, and as part of the Negotiated Rulemaking process (see link at the end of this email for more info on “Neg Reg”), the Department of Education (ED) invites the public to share thoughts and/or offer comments on the President’s proposal to expand the “Pay As You Earn” repayment program and to target this option to those borrowers who would otherwise struggle to repay their loans. 

The Pay As You Earn proposal would allow even more students who have borrowed Federal Direct Loans the ability to cap their Federal student loan payments at 10 percent of their income.  
ED will also accept written comments regarding additional issues surrounding Pay As You Earn that should be considered.
To read the President’s memorandum posted on June 9th, 2014, and learn more about his efforts to help student loan borrowers manage their debt through Pay As You Earn, visit here.  The Department's official response to this memorandum was posted in the Federal Register.

If you are interested in offering feedback/comments, the opportunity to do so is available through November 4th and can be done in one of three ways:

1. If you are unable to attend a public hearing, comments about these proposed regulations can be submitted electronically by clicking on the blue, “Comment Now” box in the upper right hand corner of this webpage.
2.  Comments about these proposed regulations can also be mailed to Wendy Macias at the U.S. Department of Education, 1990 K St NW, Room 8017, Washington D.C. 20006. 

Privacy Note
The Department's policy is to make all comments received from members of the public (including those comments submitted by mail, commercial delivery, or hand delivery) available for public viewing in their entirety on the Federal eRulemaking Portal at www.regulations.gov. Therefore, commenters should be careful to include in their comments only information that they wish to make publicly available.

Please Note: The deadline for comments is November 4th.
These public hearings are part of ED’s Negotiated Rulemaking process.  Please visit this page on the Department of Education’s website to learn more about “neg reg” and follow us on Twitter @EDPostsecondary using the hashtags #negreg #PayAsYouEarn. 

Thanks for being a part of the policy making process!
- The Office of Postsecondary Education

- Oct 23, 2014

The Department of Education announced publication of a final rule to strengthen the Federal Direct PLUS Loan Program today helping more students and families pay for college, and ensuring they have the tools and resources to make informed decisions about financing their educational pursuits. The new regulations will both expand student access to postsecondary education and safeguard taxpayer dollars by reflecting economic and programmatic changes that have occurred since the program was established more than 20 years ago.

To view the full article, visit ed.gov.

- Oct 22, 2014

A new login process will be implemented in Spring 2015 for our student and borrower-based websites, including FAFSA on the Web, NSLDS® Student Access, StudentLoans.gov, StudentAid.gov, and the TEACH Grant website.

To view the full article, visit http://www.ifap.ed.gov/eannouncements/100114NewFSAIDtoReplacetheFederalStudentAidPIN.html.

- Oct 03, 2014

How do we as a country provide supports on college campuses for veterans and ensure they have access to high-quality education at an affordable price? This question helped focus a Student Voices Session that recently took place with Secretary Duncan in Washington, D.C. The goal of the conversation was to understand the issues student veterans face, identify institutions of higher education that are providing comprehensive supports, and take action at the local, state, and federal levels.

To view the full article, visit http://www.ed.gov/blog/2014/09/secretary-duncan-hears-from-veterans-on-challenges-to-college-success/.

- Sep 09, 2014

Student Aid Eligibility and Documenting Attendance

- Sep 08, 2014

As a result of President Obama’s executive actions to help make student loans more affordable, the U.S. Department of Education has announced several new steps to help federal student loan borrowers better manage their student debt.

To view the full article, visit ed.gov.

- Sep 05, 2014

...isn't something that can be done on campus. It's an internship.

When employers recently named the most important elements in hiring a recent graduate, college reputation, GPA, and courses finished at the bottom of the list. At the top, according to the Chronicle of Higher Education, were experiences outside of academics: Internships, jobs, volunteering, and extracurriculars.

To view the full article, visit theatlantic.com.

- Jun 23, 2014

College affordability is currently a hot topic at national levels and work has been done that affects repayment options. Secretary of Education Arne Duncan spoke to a group of college students at a Town Hall on June 8. See the video below for excerpts from the conversation.

If you have questions about repayment and impact of these plans on you, you can call our office or your loan servicer.

Highlights from the College Affordability Town Hall - June 8th, 2014 Highlights from the College Affordability Town Hall - June 8th, 2014

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