Archive for October, 2011

• Jim Harris

  Jim Harris works for Nelnet, Inc.
  With over 10 years of experience in the student loan industry, he brings a friendly, knowledgeable outlook on the world of financial aid.

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• Financial Aid News from NASFAA

  • 05-21: NSLDS Gainful Employment Backup Detail Report Record Layout May 22, 2012
    The announcement contains the  National Student Loan Data System (NSLDS) Gainful Employment Backup Detail Report Record Layout. NSLDS provides institutions with the detail records that were used to calculate the Gainful Employment Debt Measures and Loan Medians for Disclosures. These files utilize a single record layout for all files.
  • Notice of Submission for OMB Review: Direct Loan Income Contingent Repayment Plan Alternative Documentation of Income May 22, 2012
    This form serves as the means by which a borrower who is repaying Direct Loan Program loans under the Income-Contingent Repayment (ICR) Plan or the Income-Based Repayment (IBR) Plan provides the Department of Education with alternative documentation of the borrower's income.
  • Notice: Annual Updates to the Income Contingent Repayment (ICR) Plan Formula for 2012 Federal Direct Loan Program May 22, 2012
    The Secretary announces the annual updates to the ICR plan formula for 2012. Under the Federal Direct Loan Program, borrowers may choose to repay their loans (Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans made to graduate or professional students, and Direct Consolidation Loans) under the ICR plan, which bases the repayment amount on […]
  • Are Tax-Free Education Accounts Right for You? May 22, 2012
    "Section 529 plans and Coverdell Education Savings Accounts come with penalties and restrictions on the use of the funds," MarketWatch reports. "With today’s rate of return, would you be better off with unrestricted savings? Let’s explore your options when it comes to Section 529 plans."

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