Thursday, October 20, 2016

SASFAA Congratulates Dave Cecil on Retirement

Dear SASFAA Members,
It is with mixed emotions that I bring this announcement to you.  Our friend, colleague and mentor to many – Dave Cecil will be retiring at the end of this month and assuming a full-time Grandpa role.  Many of us in the financial aid community will miss seeing him at various conferences and meetings.  On a personal note, I appreciate his friendship and mentorship to me through the years.  My first SASFAA committee work was under his leadership. Dave has dedicated over three decades to the financial aid profession and assisting students achieve their educational dreams.  What a legacy he leaves.  Oh  to know the number of lives he has impacted over the years both students and colleagues.  He will be greatly missed. Please see the announcement from his current office below.
Marian Dill
2016-17 SASFAA President
On October 28, 2016, Dave Cecil will retire from his position as Associate Vice President for Financial Aid at Transylvania University in Lexington, Kentucky.  He has served Transylvania and its students in this role for nearly 20 years.  He began his financial aid career at Eastern Kentucky University in 1980.
At the state level, Dave served Kentucky as president in 2010-2011, and was presented with KASFAA’s highest honor, the Herb Vescio Distinguished Service Award, in 2005.  Regionally, he served as president of SASFAA in 1994-1995, and was SASFAA Treasurer for four years.  In 1998, Dave received the SASFAA Distinguished Service Award.  He was honored with the NASFAA Leadership Award in 2006.  Throughout his career, he has been an active member on many committees at the national, regional and state levels.
In addition to serving his students and in professional organizations, Dave has mentored many in the financial aid community—both in their careers and in their leadership in financial aid associations.  He also has a large extended family of work study “kids,” several of whom have taken the somewhat common path from financial aid work study student to financial aid professional.
Dave’s retirement plans include a move to the Indianapolis area and full-time grandparenting.
Letters or cards of congratulations can be sent to:
Dave Cecil
Transylvania University
Office of Financial Aid
300 North Broadway, OM 300
Lexington, KY 40508

Monday, October 17, 2016

This Week in Legislation

Week of October 17

·       This week, both the U.S. House and U.S. Senate are in recess. Lawmakers will return to legislative business on Tuesday, November 14, following the general election.
·       Today and Tuesday, all day, the National Alliance for Concurrent Enrollment Partnerships holds its National Conference, which includes presentations, speakers, and discussions about the latest innovations and practices in the field, cutting-edge research, national trends and legislation, in Louisville, KY. During the conference, attendees will hear presentations on tuition free alternative diploma paths; concurrent enrollment disparities in rural areas; best practices and issues for high schools, community colleges, and private colleges; graduation rates for concurrent enrollment; bringing programs to scale; concurrent enrollment instructors; and trends in state policy.

·       Today at 12:15 p.m., Federal Reserve Vice Chairman Stanley Fischer gives a speech titled, “Low Interest Rates,” at the Economic Club of New York Luncheon in New York City, NY.
·       On Tuesday through Friday, all-day, the National Association of State Student Grant and Aid Programs (NASSGAP) holds its 50th Annual Conference in Fort Lauderdale, FL. During the conference, attendees will receive updates on federal higher education policy from NASSGAP Federal Liaison Frank Ballmann, NCHER President James Bergeron, and Deputy Under Secretary of Education Jeff Appel participate in discussions on the implementation of free community college, new ways to model affordability, strategies to serve adult students, early commitment aid programs, redesigning state financial aid, and Free Application for Student Financial Aid outreach.

·       On Tuesday at 8:30 a.m., the National Academy of Public Administration and the Brookings Institution host an event titled, “The Federal Budget Process: Turning Reform into Political Reality.” Panelists will provide insights from their experiences to identify the strategies and scenarios that are most likely to result in successfully reforming the budget process. Participants on the first panel, “Fixing a Flawed Federal Budget Process,” include: Daniel Blair, President and Chief Executive Officer, National Academy of Public Administration; F. Stevens Redburn, Professorial Lecturer in Public Policy and Public Administration, George Washington University; and Phil Joyce, Senior Associate Dean, Professor of Public Policy, University of Maryland’s School of Public Policy. Participants on the second panel, “Overcoming Political Obstacles in Reforming the Federal Budget Process,” include: Stuart Butler, Senior Fellow, Economic Studies, Brookings Institution; Roy Meyers, Professor of Political Science, University of Maryland, Baltimore County; Molly Reynolds, Fellow, Governance Studies, Brookings Institution; Bill Hoagland, Senior Vice President, Bipartisan Policy Center; and Alice Rivlin, Senior Fellow, Economic Studies, Center for Health Policy. The event will be livestreamed on the Brookings website.
·       On Wednesday through Friday, all day, the Competency-Based Education Network holds its National Conference in Phoenix, AZ. The meeting will convene practitioners, researchers, students, employers, and vendors who will discuss the latest lessons, developments, and experiences in competency-based education (CBE). Under Secretary of Education Ted Mitchell will discuss what’s next in CBE and higher education innovation, and attendees will participate in discussions on: “Assessment in CBE: Research and Practice;” “What Does Quality Look Like: A Recipe for Responsible Innovation;” “EdTech’s Instrumental Role in CBE Transformation;” and “The Essential Element: Wraparound Student Support Services.” To learn more, to register, or to become a sponsor or exhibitor, visit the CBEExchange website.
·       On Wednesday at 2:00 p.m., the Federal Reserve releases its Beige Book. Eight times a year, the Fed releases its Beige Book, a summary of current economic conditions for the 12 Federal Reserve Districts based on anecdotal information gathered through reports from Bank and Branch Directors and interviews with key business contacts, economists, market experts, and other sources.

This information is shared by SASFAA's Legislative Affairs' Committee and NCHER.


Tuesday, October 4, 2016

October State Legislative Update

State Legislative Update                               

October 2016

Legislative news from across the SASFAA region, prepared by your 2016-2017 SASFAA Legislative Relations Committee.

Christen Neher – SASFAA Legislative Relations Chair
Ron Gambill – TASFAA Governmental Relations Chair
Mary Kosin – NCASFAA Legislative Advisory Chair
Vanessa Fulton – GASFAA Legislative Affairs Chair
Erin Klarer – KASFAA Legislative Chair
Jennifer Epperson – AASFAA Legislative Relations Chair
Francisco Valines – FASFAA Legislative Relation Chair
Della Bays – VASFAA Government Relations Chair
Michael Moseley – MASFAA Legislative Chair
Joey Derrick – SCASFAA Legislative Relations Chair
Amy Berrier – SASFAA Past President


U.S. Secretary of Education, John King, joins Governor Robert Bentley on visit to Limestone Prison:

Alabama Community College Merges Continue:



Tennessee Achieves, a partnering organization to the Tennessee Promise program, is seeking 9,000 mentors to work with high school students from the class of 2017.  Mentors serve as a resource for first generation college students seeking to participate in the Tennessee Promise program.

On Tuesday, September 27, 2016, the Board of the Tennessee Student Assistance Corporation met and adopted changes to the rules for the Tennessee Promise Scholarship and the Ned McWherter Scholars Program to increase participation and simplify the process for students.  Additionally, the Board approved the Operating Budget Request for 2017-2018.



Revenue from the Kentucky Lottery funds the three largest and most well-known grant and scholarship programs in our state: The merit-based Kentucky Educational Excellence Scholarship or KEES, and two need-based programs, the College Access Program (CAP) and the Kentucky Tuition Grant (KTG). While the KEES program will not be affected by the early FAFSA application period, CAP and KTG are awarded on a first-come, first-served basis with the FAFSA serving as the only application. Last week two media events were sponsored by the Kentucky Lottery in the Louisville and Lexington TV markets, as well as through print and social media, to gain awareness of the October 1 FAFSA date. Officials from the Kentucky Higher Education Assistance Authority gave advice on using 2015 tax information, creating unique usernames and passwords, as well as other helpful tips for students and families when completing their applications.  Until a recent legislative change, the Kentucky Lottery was prohibited from advertising that their revenue funded state education programs. Since that law has been repealed, however, the Kentucky Lottery has become a great partner in advocacy and awareness for student financial aid.


REACH Signing Day – September 20th, 2016

The REACH (Realizing Educational Achievement Can Happen) program was launched by Governor Deal in 2012 and is administrated by the Georgia Student Finance Authority. School systems partner with REACH and identity academically promising, low-income eighth grade students to receive the REACH scholarships. The students are paired with a mentor and an academic coach through high school and upon high school graduation they are awarded up to a $10,000 scholarship to be used at a Georgia HOPE-eligible two or four year college. On September 20th GSFC announced that 353 Georgia students became REACH Scholars bringing the total Scholar participants to over 680 in 69 participating school districts. This year’s signing day REACH launched a pilot program in partnership with the Division of Family and Children Services to bring the REACH program to 30 foster youth students. “The REACH program is a strategic investment in our students as well as our state, opening doors for youth in Georgia who may not otherwise be able to afford postsecondary education, “ said Deal. “The Scholars who signed contracts today and among Georgia’s most promising students and this commitment will help them attend college and achieve their dreams.”



The Mississippi Post-Secondary Education Financial Assistance Board voted on September 19th to request the Legislature repeal nine programs it considers “small, ineffective, outdated or misplaced state-supported Student Financial Aid programs.”  The financial assistance board’s recommendations will be considered by the Legislature during its 2017 session.

Currently, the state authorizes 37 different state financial aid programs. Three of those programs, the Mississippi Eminent Scholars Grant, the Mississippi Tuition Assistance Grant and the Higher Education Legislative Plan for Needy Students, account for 76 percent of the funds awarded to students each year. The remaining 34 programs, which include the 10 considered by the board Monday, account for only 24 percent.

Source and list of programs recommended for repeal can be found here: 

MS Post-Secondary Education Financial Assistance Board meetings and minutes:


Monday, October 3, 2016

This Week in Legislation

Week of October 3

·       This week, both the U.S. House and U.S. Senate are in recess. Lawmakers will return to legislative business on Tuesday, November 14, following the general election.

·       On Tuesday at 3:30 p.m., the American Society for Public Administration holds a discussion on “Public Administration Perspectives on the Future of Higher Education,” focusing on fulfilling social value objectives. The first panel will feature scholars offering their research-based perspectives on higher education and the impact of public opinion polling, consumer groups, social media, the 24-hour news cycle, and emerging technologies. Speakers include: Geoff Cox, ‎Senior Associate Dean, Finance and Administration, Graduate School of Education, Stanford University; Ann Khademian, Director, School of Public and International Affairs in the College of Architecture and Urban Studies, Virginia Tech; Bob Shireman, Senior Fellow, The Century Foundation; and moderator Derrick Anderson, Assistant Professor in the School of Public Affairs, Arizona State University. The second panel will feature public administrators and college presidents with public administration and public policy backgrounds offering first-hand, executive perspectives on these challenges and their significance to higher education. Speakers include: Michael Crow, President, Arizona State University; H. George Frederickson, Edwin O. Stene Distinguished Professor of Public Administration, University of Kansas; Jane McAuliffe, Director of John W. Kluge Center and Office of Scholarly Programs, Library of Congress; and moderator James Perry, Editor-in-Chief, Public Administration Review. For details and to register, visit the ASPA website.

·       On Thursday at 10:00 a.m., the Center for American Progress (CAP) releases a report and hosts a panel discussion titled, “Assuring College Quality: How Alternative Approaches Could Encourage Innovation and Protect Consumers.” The report is a vision for a new system that could complement and compete with regional accreditors by encouraging innovation and setting rigorous standards for quality. The panel discussion will include alternative ways of encouraging access to federal aid for innovative new providers while better ensuring taxpayer dollars go to good use and will explore questions such as: How do we balance more innovation in higher education with the need for strong consumer protection? What strengths of the existing quality assurance system should be kept and what weaknesses should be fixed? And where do different solutions share common themes? Panelists include: Ted Mitchell, Under Secretary, U.S. Department of Education; Judith Eaton, President, Council for Higher Education Accreditation; Paul Freedman, Co-Founder and Chief Executive Officer, Entangled Ventures; and Ben Miller, Senior Director, Postsecondary Education, CAP. Goldie Blumenstyk, Senior Writer at The Chronicle of Higher Education, will serve as moderator. To register, visit the CAP website.
·       On Friday at 3:00 p.m., the Federal Reserve releases its “Consumer Credit – G.19” report, which includes the amount of outstanding federal and private student loans.

·       On Saturday through Monday, all-day, the Hispanic Association of Colleges and Universities (HACU) holds its 30th Annual Conference in San Antonio, TX. The conference is an opportunity to discuss the emerging trends in higher education affecting Hispanics and Hispanic-Servicing Institutions, distance education, student-centered learning, and outcomes assessment, and promote and expand partnerships and strategic alliances for collaboration between HACU member institutions and public and private sector organizations. For more information on the conference, including the program agenda, visit HACU’s website.


This information is shared by SASFAA's Legislative Affairs' Committee and NCHER.



This Week in Legislation

Week of September 26

·       This week, both the U.S. House and U.S. Senate are in session for legislative business. While neither chamber is expected to consider student financial aid-related legislation, Congress is expected to pass a Continuing Resolution that provides temporary funding for federal agencies, including the U.S. Department of Education, prior to the start of the federal fiscal year that begins on Saturday, October 1st.

·       On Wednesday at 10:00 a.m., the House Financial Services Committee holds a hearing entitled, “The Semi-Annual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System.” The sole witness will be the Honorable Janet Yellen, Chair of the Federal Reserve Board of Governors.

·       On Wednesday at 2:30 p.m., the Joint Economic Committee holds a hearing titled, “The ‘New Normal’? An Assessment of the Economic Recovery.” Witnesses include: Lawrence Kudlow, Senior Contributor, CNBC, and Founder and Chief Executive Officer, Kudlow and Co., LLC; Dr. Veronique de Rugy, Senior Research Fellow, Mercatus Center, George Mason University; and The Honorable Alan Blinder, Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, Princeton University, and Visiting Fellow in Economic Studies, The Brookings Institution.

·       On Thursday at 10:00 a.m., Sen. Elizabeth Warren (D-MA), Sen. Brian Schatz (D-HI), and Rep. Mark Pocan (D-WI) hold a briefing titled “Make Debt Free College a Reality.” Participants include: Tamara Draut, Vice President of Policy and Research, Demos; Maggie Thompson, Executive Director, Generation Progress; Jennifer Wang, Washington Director, the Institute for College Access and Success; Jennifer Mishory, Executive Director, Young Invincibles; and Mark Huelsman, Senior Policy Analyst, Demos. To RSVP, send an email to alicia.Molt@mail.house.gov.


·       On Thursday at 3:30 p.m., the Consumer Financial Protection Bureau (CFPB) holds a meeting of its Community Bank Advisory Council to discuss youth capability and debt collection. The meeting will feature opening remarks from Director Richard Cordray and a discussion with Sunaena Lehil, K-12 Senior Policy and Innovation Analyst for Financial Education; Cassandra McConnell-Tatum, Deputy Assistant Director for Financial Education; Kristin McPartland, Senior Council for Regulations; and John McNamara, Acting Assistant Director for Markets. To register for the meeting, click here.


·       On Thursday at 4:00 p.m., Federal Reserve Chair Janet Yellen participates in “A Conversation with Conference Panelists,” at the Banking and the Economy Forum for Minority Bankers hosted by the Federal Reserve Bank of Kansas City, MO.


This information is shared by SASFAA's Legislative Affairs' Committee and NCHER.

Tuesday, September 20, 2016

This Week in Legislation

Week of September 19
·       This week, both the U.S. House and U.S. Senate are in session for legislative business. While neither chamber is expected to consider financial aid-related legislation, Congress is expected to consider and potentially pass a Continuing Resolution (CR) that will provide temporary funding for federal agencies, including the U.S. Department of Education, through December 9. Congress has until October 1, the start of the federal fiscal year, to pass a CR or the federal government shuts down.
·       On Tuesday and Wednesday, all day, the Federal Reserve holds a two-day meeting of its Federal Open Market Committee. The minutes for each regularly scheduled meeting of the committee, which include a description of economic and financial conditions, are made available three weeks after its policy decisions are posted in the Federal Reserve Board’s Annual Report.
·       On Tuesday at 9:30 a.m., the College Board Policy Center hosts a panel discussion on Matching Students to Opportunity: Expanding College Choice, Access, and Quality, a new book co-edited by Andrew Kelly, Jessica Howell, and Carolyn Sattin-Bajaj that explores the “supply side” of college match from the vantage point of colleges and universities and examines the barriers that may prevent a prospective student from finding a college match likely to lead to postsecondary success. Participants in the panel include: Ben Wildavsky, Senior Fellow and Executive Director, College Board Policy Center; Jessica Howell, Co-Editor, Matching Students to Opportunity; Matthew Chingos, Senior Fellow, Urban Institute; Dr. Elsa Nunez, President, Eastern Connecticut State University; and Jacqueline Thomas, Legislative Assistant, Sen. Christopher Coons (D-DE). 
·       On Wednesday at 9:30 a.m., the Senate Health, Education, Labor, and Pensions Committee meets to consider several pieces of legislation, including the Career and Technical Education Act of 2016, which provides federal support for career and technical education (CTE) programs in all 50 states and the territories. The law focuses on the academic and technical achievement of CTE students, strengthening the connections between secondary and postsecondary education and improving accountability. The session will be broadcast live on the committee’s website.
·       On Wednesday at 12:00 p.m., the University of Maryland School of Public Policy holds a discussion titled, “Student Debt: Are We Heading for a Crisis?” The event will feature remarks from Lauren McFarland, Executive Director of the Network of Schools of Public Policy, Affairs, and Administration. To RSVP for this event, visit the school’s website.

·       On Thursday at 8:30 a.m., The Atlantic holds a forum titled, “The Changing Face of Higher Education,” focused on the changing demographics of college students. Participants in the event include: The Honorable John Kline, Chairman, House Education and the Workforce Committee; Sarita Brown, President, Excelencia in Education; Steward Edelstein, Executive Director, Universities at Shady Grove; James Kvaal, Towsley Foundation Policymaker in Residence, University of Michigan’s School of Public Policy; Cheryl Oldham, Vice President of Education Policy, U.S. Chamber of Commerce; Scott Ralls, President, Northern Virginia Community College; Michael Sorrell, President, Paul Quinn College; and Ron Brownstein, Senior Editor, The Atlantic.
·       On Thursday at 10:00 a.m., the Urban Institute hosts a discussion titled, “Student Debt: Setting the Record Straight,” which will highlight two new books that separate fact from fiction around student debt: Student Debt: Rhetoric and Realities of Higher Education Financing by Urban Institute Senior Fellow Sandy Baum, and Game of Loans: The Rhetoric and Reality of Student Debt by Brookings Institution Fellow Beth Akers and Urban Institute Senior Fellow Matthew Chingos. The authors will discuss the data and research behind the provocative arguments of their new books and what it means for higher education policymaking. Catherine Rampell, writer for The Washington Post, will serve as moderator. To register, visit the institute’s website.
·       On Thursday at 11:00 a.m., the House Energy and Commerce Subcommittee on Communications and Technology holds a hearing entitled, “Modernizing the Telephone Consumer Protection Act (TCPA).” The subcommittee will examine the impact the TCPA has had on consumers and the legitimate businesses that are trying to contact them. Witnesses will be announced at a later date.
·       On Thursday at 2:00 p.m., the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises holds a hearing entitled, “Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing, and Municipal Securities.” Witnesses will be announced at a later date.
·       On Thursday at 3:00 p.m., the Senate Homeland Security and Governmental Affairs Subcommittee on Regulatory Affairs and Federal Management holds a hearing entitled, “Continued Review of Agency Regulatory Guidance, Part III.” This hearing will build on the subcommittee’s previous guidance hearings held on September 23, 2015, and June 30, 2016. Topics for the hearing may include a discussion on lingering concerns and developments arising from specific guidance documents, agency initiatives to address U.S. Government Accountability Office recommendations on internal controls for good guidance practices, and a discussion of the role of the Office of Information and Regulatory Affairs in advising and implementing its cross-government good guidance practices. Witnesses include: The Honorable Howard Shelanski, Administrator, Office of Information and Regulatory Affairs, Office of Management and Budget; The Honorable M. Patricia Smith, Solicitor of Labor, U.S. Department of Labor; and Amy McIntosh, Principal Deputy Assistant Secretary Delegated the Duties of the Assistant Secretary for the Office of Planning, Evaluation, and Policy Development, U.S. Department of Education.
·       On Friday at 1:00 p.m., Academic Impressions hosts a webinar titled, “Customer Service Training for Financial Aid Staff.” During the webcast, participants will learn how to improve their student- and parent-facing customer service skills in the financial aid office and walk through the fundamentals of how to approach the day-to-day work through a customer service lens and techniques for navigating the more difficult conversations that also arise in financial aid counseling. The webcast is designed for financial aid professionals who would like to improve their customer service skills, both in everyday context and when delivering difficult news to students and families. For more information, visit the Academic Impressions website.
This information is shared by SASFAA's Legislative Affairs' Committee and NCHER.

Wednesday, September 14, 2016

This Week in Legislation

Week of September 12

·       This week, both the U.S. House and U.S. Senate are in session for legislative business. While neither chamber is expected to consider student financial aid-related legislation, the House will consider H.R. 5587, the Strengthening Career and Technical Education for the 21st Century Act, which would allow states and school districts to use federal funds to improve career guidance and academic counseling programs that assist students in making informed academic and career and technical education decisions.

·        Today through Friday, all day, U.S. Secretary of Education John King, Jr., U.S. Under Secretary of Education Ted Mitchell, Deputy Under Secretary of Education Kim Hunter Reed, and other senior Department of Education officials launch the seventh and final back-to-school bus tour to celebrate progress in communities and states across the country. Discussion topics include: America’s College Promise, the College Scorecard, the Free Application for Federal Student Aid, and college access, affordability, and completion. This year’s “Opportunity Across America” tour will include stops in Washington, D.C.; Charlottesville, VA; Bristol, Knoxville, Chattanooga, and Memphis, TN; Harvest, AL; Little Rock, AR; Indianola, MS; and Monroe, Baton Rouge, and New Orleans, LA. For a detailed schedule of events and topics, visit the Department’s website.

·       Today through Wednesday, all day, Strategic Insight and PLANADVISER host the fourth annual 529 Conference titled, “College Financial Planning: Creating Growth Through Collaboration,” in Orlando, FL. Highlights of the conference include: a 529 Essentials Seminar, a special ABLE Deep-Dive Afternoon Summit, legislative and regulatory updates, insights from top broker/dealer gatekeepers, innovative marketing and employer strategies, omnibus pros and cons for business and operations, ranking and creating optimal fund lineups, and emerging technology in the retail channel. For details and to register, visit the 529 Conference website.

·       On Tuesday at 10:00 a.m., the House Financial Services Committee considers H.R. 5983, the Financial CHOICE Act of 2016. The comprehensive bill would:

o   Reestablish the Consumer Financial Protection Bureau (CFPB) as an independent agency outside of the Federal Reserve led by a bipartisan, five-member Consumer Financial Opportunity Commission. The Commission would have a dual mission of protecting consumers by enforcing the law and promoting market competition, be funded through the annual congressional appropriations process, and subject to an independent, Senate-confirmed Inspector General.

o   Provide defendants in administrative actions the right to remove cases to federal court, clarify that Dodd’s Frank three-year statute of limitations applies to such actions, repeal the requirement that reviewing courts defer to CFPB statutory interpretations where in conflict with other federal agencies, increase the threshold for bank supervision from $10 billion to $50 billion, create an advisory opinion process, and create a small business advisory board.

o   Repeal the CFPB’s authority to ban products or services it deems abusive, repeal the authority to prohibit arbitration clauses in financial services contracts, and repeal the authority for the federal government to assign credit ratings to private firms.

o   Require verification of the accuracy of the CFPB’s complaint data before posting complaints publicly on its database and require permission before collecting personally identifiable information on consumers.

o   Require the Federal Reserve’s Federal Open Market Committee (FOMC) to describe how its policy rate decisions compare to a well-known standard, require a rotation of the Fed’s 12 district bank presidents, require the Board of Governors’ Chair to testify before Congress on a quarterly basis, and provide for an annual audit of the Board of Governors and Federal Reserve Banks.

o   Require that all major financial regulations (those likely to result in 1) an annual economic impact of more than $100 million, 2) a major increase in prices for consumers or costs for businesses, or 3) significant adverse effects on competition, employment, investment, productivity, or innovation) receive affirmative congressional approval before becoming effective.

o   Repeal the Chevron doctrine requiring judicial deference to agency interpretations by altering the standard of judicial review in the Administrative Procedure Act as it relates to financial regulatory agencies.

o   End “Operation Choke Point” by placing conditions on agency customer account termination and requests and subpoenas.

o   Reauthorize the Securities and Exchange Commission for five years.

·       On Tuesday at 10:00 a.m., the House Ways and Means Subcommittee on Oversight holds a hearing entitled, “Back to School: A Review of Tax-Exempt College and University Endowments.” Members will hear from college and university representatives and other experts on how higher education tuition has increased rapidly and how some institutions are using their tax-exempt endowments to fulfill charitable purposes and reduce costs for students. Witnesses will be announced at a later date.

·       On Tuesday starting at 1:00 p.m., NCHER and Education Finance Council (EFC) host a fly-in to highlight the importance of tax-exempt financing. The event includes a Congressional staff briefing titled, “Why are Tax-Exempt Bonds Critical for Student Success?” Participants in the briefing include: Thomas Graf, Executive Director, Massachusetts Educational Financing Authority; Ben Litle, Executive Vice President and Chief Operating Officer, Brazos Higher Education Servicing Corporation; Jordan Ballard, Legislative Assistant, Rep. Bill Flores (R-TX); and (moderator) Dr. Debra Chromy, President, EFC.

·       On Wednesday at 10:00 a.m., the House Budget Committee holds a hearing entitled, “Growing Risks to the Budget and the Economy.” Witnesses include: Dr. Douglas Holtz-Eakin, President, American Action Forum, and John Cochrane, Senior Fellow, Hoover Institution.

·       On Wednesday at 2:30 p.m., the Senate Budget Committee holds a hearing titled, “Oversight of the Congressional Budget Office (CBO).” The hearing’s sole witness will be Dr. Keith Hall, Director, CBO.

·       On Thursday at 3:00 p.m., New America and Washington Monthly host a panel discussion titled, “The Most Innovative People in Higher Education.” Participants will share their ideas to find inventive ways of providing more students of modest means with quality degrees at affordable prices. Participants include: Charles Isbell, Professor and Senior Associate Dean, Georgia Institute of Technology; Bridget Burns, Executive Director, University Innovation Alliance; Amy Laitinen, Director for Higher Education, Education Policy Program, New America; Jamie P. Merisotis, President and Chief Executive Officer, Lumina Foundation; and Paul Glastris, Editor-in-Chief, Washington Monthly. For details and to register, visit the New America website.


This information is shared by SASFAA's Legislative Affairs' Committee and NCHER.