Inside Higher Ed Alexis Gravely August 9, 2021 While the announcement was generally met with praise, it was accompanied by continued calls for the Biden administration to do more to address the student debt crisis. The temporary pause on student loan repayment has been extended to January 31, 2022 for […]
Inside Higher Ed Alexis Gravely August 10, 2021 Individual states are able to regulate federal student loan servicers in most circumstances without being preempted by the Higher Education Act of 1965, according to a notice of interpretation issued Monday by the Department of Education. The new notice replaces an interpretation […]
Inside Higher Ed Susan H. Greenberg August 10, 2021 In its latest move to crack down on student loan debt-relief scams, California ordered Amerifed Doc Prep LLC to pay more than $1.37 million for illegally collecting advance fees from consumers looking to reduce or forgive their student loans. The California Department […]
NASFAA Owen Daugherty August 9, 2021 California regulators plan to apply more oversight to income-share agreements (ISAs) and will now treat them as private student loans under California’s student loan servicing law, the California Department of Financial Protection and Innovation (DFPI) announced Thursday. DFPI announced it had entered into a “landmark agreement” […]
Yahoo Finance Aarthi Swaminathan August 5, 2021 California’s top consumer watchdog has signed a deal with a company providing alternative student loans to increase oversight over increasingly popular income-share agreements (ISAs), Yahoo Finance has learned. The Department of Financial Protection and Innovation (DFPI) entered into a “landmark agreement” with New York-based Meratas, […]
Inside Higher Ed Doug Lederman August 2, 2021 More public and private two-year and four-year colleges closed or merged between 2019-20 and 2020-21 than was true for for-profit institutions, a change from recent trends. The days when releases of federal data on college enrollments were newsworthy have largely passed, ever […]
Inside Higher Ed July 30, 2021 Scott Jaschik Pearson is today launching a student app that will provide tools to use with their Pearson books. The app, according to Pearson, “will fundamentally change the way students access and experience college textbooks” by providing students with a range of tools that […]
Inside Higher Ed Emma Whitford July 30, 2021 Marymount has sought a buyer for two years. Saint Leo is looking to expand its reach, both online and on the ground. Saint Leo University, a liberal arts institution in Florida, will merge with Marymount California University, a liberal arts institution on the […]
Real Clear Education Steven Taylor July 30, 2021 The #DoublePell movement to increase the maximum Pell Grant – a federal subsidy to help eligible low-income students pay for college – will likely play out in the current budget reconciliation process. This week, Congress held a hearing on the Pell Grant, including current legislation to double the Pell […]
Higher Ed Dive Natalie Schwartz July 28, 2021 Dive Brief: California Gov. Gavin Newsom signed higher education legislation this week that expands student financial aid, creates new transfer pathways and provides grants for workers displaced by the coronavirus pandemic. The legislation is part of the governor’s plan to help rebuild California’s economy […]