University Business - September 2006 - (Page 43)
Officials held NASFAA's 40th anniversary conference in Seattle. Loans rates
and regulation changes were key themes. Summer By Jean Marie Angelo and Tim
Goral CONFERENCE REPORT Three major higher ed organizations con- verged in
Honolulu to discuss the `Cam- pus of the Future,' while financial aid
officers took the pulse of the economy. S tions for those who wanted to
apply before July 1, the date when UMMER IS USUALLY THE TIME FOR VACA
higher-interest rates on student loans went into effect. tions, but for
those in higher education, it's a time Interest rates for the
government-based Stafford Loan, for to mix business with pleasure at
annual conference example, rose from 4.7 percent to 6.54 percent for those
still in sites around the country. July saw two major events: school, or
those holding loans in deferment. The rate for loans in the annual NASFAA
conference in Seattle, and the repayment went from 5.3 percent to 7.14
percent. The interest joint NACUBO, SCUP, APPA Campus of the Future
confer- rates were also hiked on July 1 for consolidation loans. ence in
Honolulu. But the attendees discussed more than interest rates. Many pur-
FINANCIAL AID OFFICERS MEET sued news about changes to the single-holder
rule for consolidation loans. On June 15, legislators repealed the
single-holder rule with The National Association of Student Financial Aid
Administra- the Emergency Appropriations Act. Prior to this, borrowers
were tors held its annual conference July 5 through 8 in Seattle. The
limited in their choice of lenders for consolidation loans, having meeting
came on the heels of several federal decisions impacting to rely on the
lender who originated their loans. The change gives financial aid. those
consolidating more flexibility in searching for better rates. Of course,
exhibitors and financial aid executives had just An eligible borrower may
consolidate loans with any eligible ended a hectic period answering
requests and fielding loan applica- universitybusiness.com September 2006
| 43 NAB/NAF.indd 43 8/21/06 3:41:31 PM
http://universitybusiness.com
Table of Contents for the Digital Edition of University Business - September 2006
Contents
College Index
Company Index
Advisory Board
Editor's Note
Behind the News
Viewpoint
Marketing
Human Resources
Money Matters
Community Colleges
Summer Conference Report
Learning After Loss
Not Your Typical Textbook Advice
A Greener Attitude
Mobile Technology: One For All
Lessons in Landlording
Business Technology
What's New
Calendar of Events
Direct Connect
End Note
University Business - September 2006
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