CECU Daily Update Email

​Education Politics and Policy
National Advisory Committee on Institutional Quality and Integrity
This notice lists the members of the National Advisory Committee on Institutional Quality and Integrity (NACIQI). This notice is required under the Higher Education Act of 1965, as amended (HEA). 

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​Financial Aid and Student Loan Issues
Federal Student Aid Posts New Reports to FSA Data Center – IFAP
Today, the outstanding federal student loan portfolio is $1.51 trillion. The Direct Loan (DL) portfolio now represents 82 percent of the outstanding loan portfolio while the Federal Family Education Loan (FFEL) portfolio represents 17 percent.
 
No, you’re not going to be drafted into the military just because you applied for federal student loans – Market Watch
The acronym “FAFSA” trended on social media Friday as some students who recently completed the Free Application for Federal Student Aid worried — incorrectly — that filling out the form had made them eligible to be drafted into the military. 

​Spotlight
Carrington College Announces Appointment of New Institutional President
Carrington College is proud to announce that Vice President of Operations, Mitch Charles, has been selected by the Board of Governors to be the new president of Carrington College. 

​Education News
The Barriers to Mobility – The Chronicle of Higher Education
For generations of Americans, higher education was a ladder — study hard and you could climb into the middle class. A college degree helped guarantee a good job and financial security.
 
Why Colleges Won’t Turn Their Degree Programs Upside Down – Forbes
In response, a potentially revolutionary idea has begun making waves: start degree programs with industry-recognized certifications.
 
Caldwell University to pay $4.8M for part in defrauding federal veterans education program – northjersey.com
Caldwell University has agreed to pay the U.S. $4.8 million to resolve allegations that it participated in a scheme to defraud a federal veterans education program, according to the U.S. Attorney’s New Jersey District Office On Friday.
 
Inside College-Employer Partnerships: The Importance of Trust – The Evolllution
Two leaders—one from a college, the other from an industry association—explain what it took to make their partnership work and create programming that provides a fast track to stable employment, responds to market trends and grows with learners’ careers.
 
Positive Picture for State Higher Ed Funding – Inside Higher Ed
An annual survey of state funding for higher education released today documents modest continued increases in funding across most states. 

​Research
Do High Cohort Default Rates Affect Student Living Allowances and Debt Burdens? An Empirical Analysis – The Journal of Student Financial Aid
In this paper, I examine whether colleges at risk of federal sanctions due to high CDRs respond by reducing living allowances in an effort to limit borrowing and if student debt burdens decrease after a college receives a high default rate.