USA Funds Update

USA Funds Awards $3.4 Million in Scholarships for College
USA Funds^® will award nearly $3.4 million in scholarships to help 2,282 low- to moderate-income students nationwide pursue higher education. Read more.

Washington Report

Financial Aid Professionals Propose Alternative Student Loan Plan
A group of financial aid administrators has weighed in with its own plan for the future of federal student loans, proposing to preserve choice while generating savings to plow into enhanced need-based financial aid. Read the group’s proposal, “Reforming Student Aid Programs.” You will need Adobe Reader to access the document.

Operations Bulletin

Department Issues Proposed Regulations Related to HEOA
The U.S. Department of Education has issued proposed regulations developed following the efforts of the Loans — Lender/General Loan Issues negotiated rulemaking team. The proposed rules reflect changes mandated by the Higher Education Opportunity Act. The July 23 Federal Register lists the proposed regulations and also provides instructions for commenting on them. Comments are due to the Department by Aug. 24.

Debt-Management Perspectives

Four Free Retention Workshops Set for September
USA Funds and the enrollment management consulting firm Noel-Levitz will offer free, one-day retention workshops in four cities across the country in September. Learn more.