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2019/2020 NCHER Member News

  • The Kentucky Higher Education Assistance Authority released its most-recent money tip for students saying that they can save money by earning college credit in high school.

  • WCAX reports that several Vermont high schools are teaching a new math course aimed at changing the state's future work force called EMC2, which stands for Essential Math Skills for College and Careers. The program was developed by the Vermont Student Assistance Corporation (VSAC), Vermont State Colleges, and the Agency of Education.

  • Brazos Higher Education Authority, Inc. recently announced that it has closed a $37.7 million bond issue to finance Brazos refinance loans and Brazos parent loans. The student loan revenue bonds were issued as taxable and tax‐exempt senior series 2019‐1A and tax exempt subordinate series 2019‐1B. S&P Global Ratings rated the senior bonds “AA(sf)” and the subordinate bonds “BBB(sf)”.

  • The Pennsylvania Higher Education Assistance Agency (PHEAA) recently released a press release cautioning college-bound students to avoid relying on student loans to pay for postsecondary school whenever possible, as historic numbers of graduates are struggling to manage high levels of loan debt.

  • The Missouri Department of Higher Education and Workforce Development announced that it had selected Educational Credit Management Corporation (ECMC) to provide student loan administrative services for student loans guaranteed by the department.

  • The Trellis Company recently released a new report titled, Studying on Empty: A Qualitative Study of Low Food Security Among College Students, which followed 72 college students for nine months to monitor the effects of low food security and the influence food challenges have on academic performance. For more information, see this press release.

  • The National Student Clearinghouse recently released its seventh annual High School Benchmark 2019: National College Progression Rates, which found that students from higher-income high schools were 25 percent more likely to enroll in college immediately after high school than those from low-income schools (69 percent and 55 percent, respectively). The report also found that, once enrolled, 89 percent of students from higher-income high schools returned to their second year in college, compared to 79 percent from low-income high schools.

  • Strada Education Network recently released a report titled, Veterans Without Degrees, which draws on the perspectives of U.S. veterans to understand the educational attainment of veterans without degrees, the benefits their credentials bring them, and their attitudes toward pursuing additional education.
  • ECMC Group announced that Dan Fisher will become President of Educational Credit Management Corporation on July 1, 2020. Jan Hines who currently sits on the NCHER Board of Directors, is retiring after more than 25 years with the organization. NCHER congratulates Jan on this well-deserved accomplishment!

  • The Finance Authority of Maine (FAME) and Educational Credit Management Corporation (ECMC) recently began notifying affected schools, lenders, and servicers that FAME's Federal Family Education Loan Program guaranty portfolio will be assigned to ECMC, effective December 1, 2019, assuming the transfer is approved by the United States Department of Education. For more information, see the joint letter issued by FAME and ECMC.

  • The Kentucky Higher Education Assistance Authority released its Financial Aid Tip of the Month for October 2019, which provides high school seniors and their parents with financial aid terms that they should know as they begin the college financial aid process.

  • AccessLex Institute, the largest nonprofit organization dedicated to legal education, recently released XploreJD by AccessLex to offer law students a “data-based approach to finding the institutions that best meet what they want and need in their law school experience.”

  • EDtoMED includes a guest editorial from Paul S. Garrard, Founder and President of PGPresents, LLC, where he provides guidance for medical school graduates on how to preserve their options for retiring their student loan debt after training.

  • ConServe announced that its Jeans for Charity program provided support to the Bellevue, Egypt, and Henrietta Fire Departments. “Our Jeans for Charity program provides ConServe employees with the opportunity to enjoy dressing down while making a difference in our community,” says George Huyler, Vice President of Human Resources.

  • The NHHEAF Network Organizations announced that John Flanders has joined the organization as Chief Operating Officer (COO). Prior to joining NHHEAF, Mr. Flanders served as COO of the New Hampshire Community Loan Fund where he oversaw a variety of business units, including operations, technology, and lending.

  • Trellis Company announced that it has donated a total of $50,000 to the Paso del Norte Community Foundation in support of the El Paso Victims Relief Fund. The fund supports a wide range of educational needs for victims and their families impacted by the August 3rd tragedy.

  • ConServe announced that it hosted an employee school supply drive at its Fairport, Henrietta, and Cheetowaga offices in partnership with the Rochester Chamber of Commerce, United Way of Greater Rochester, the Jewish Family Service of Rochester (Pencils and Paper Supply Drive) and the WNY Heroes, Inc. (Operation:  Backpack).  Together, their employees collected more than 10 boxes filled with new school supplies on behalf of the organizations and local community.

  • VT Digger reports that the Vermont Student Assistance Corporation and Capstone Community Action are collaborating to increase access to education or training opportunities for residents of Orange and northern Windsor counties to increase their access to livable-wage employment and open the doors to greater economic stability.

  • American Student Assistance recently announced the hiring of Annabel Cellini, who spent 15 years at the education publishing giant Pearson, as its Chief Strategy Officer. Ms. Cellini will work to execute a plan to empower students in grades 6-12 to find and pursue their educational goals.

  • Ballard Spahr posted a podcast titled, A Look at How the CFPB’s Proposed Debt Collection Rules Could Impact the Student Loan Industry, which looks at the unique challenges that the Consumer Financial Protection Bureau’s proposal may create for student loans. The discussion focuses on how the proposal’s call attempt limits, time/place limits for calls, texts, and emails, and special restrictions that apply to the aggregation of multiple student loans could impact communications with borrowers.

  • The Finance Authority of Maine announced that it plans to make a limited number of Maine State Grant awards to the state’s adult learners who have not begun or completed their degrees, thanks to new funding recently approved by the Maine Legislature and Governor Janet Mills.

  • VT Diggerreports that the Curtis Fund, with the help of Vermont Student Assistance Corp., is making new scholarships available to Vermonters who seek short-term training programs to build their job skills

  • Credit Union Student Choice announced that Digital Federal Credit Union will provide members with special access to innovative planning tools and advising that will help them make smarter college financial decisions. This offering is made possible through Student Choice’s relationship with Edmit, an award-winning provider of software, online tools, and advising that gives college-bound families the ability to easily compare real college costs, specific to their income and test scores, in order to determine the best financial and academic fit.

  • ConServe announced that in July it joined together to support our American veterans for their many sacrifices. The company’s Jeans For Charity program, along with the company’s “Matching Gift Program,” generously donated to veteran programs. Through their donations they are providing much needed financial backing for veteran programs within Buffalo and Rochester, including: Honor Flight of Buffalo and Rochester, Wings Flights of Hope, and the Rochester American Warriors Hockey program. This ongoing initiative symbolizes ConServe’s commitment to its corporate mission of helping to improve the human condition.
  • The World reports that the Vermont Student Assistance Corp. is giving over $1.3 million in interest rebates to borrowers this year, part of it’s “borrower benefits” program that has saved students $181 million in loan costs since 1995.
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