Inside Higher Ed Meghan Brink July 27, 2022 The Biden administration declared in a response to a legal action from the for-profit industry that it has the authority to automatically cancel $6 billion in federal student debt to over 200,000 borrowers with pending borrower-defense claims as a result of the settlement […]
Committee on Education & Labor July 22, 2022 Today, House Education and Labor Committee Republican Leader Virginia Foxx (R-NC) sent a letter to America asking the country to take a stand against the Biden administration’s reckless student loan agenda. Since taking office, President Biden has forgiven massive amounts of student loans through […]
Inside Higher Ed Sara Weissman July 25, 2022 A new report by Lightcast, a company that provides labor market data, found that going back to college is an especially good investment for adults learners. An analysis of more than 125 million online career profiles found that this group was 22 percent more […]
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Inside Higher Ed Meghan Brink July 22, 2022 The uncertainty has experts worried about borrowers being unprepared for repayment to begin. A source says loan servicers have been told by the Education Department not to send statements to borrowers about the deadline. The clock is ticking for the Biden administration […]
Inside Higher Ed Susan D’Agostino July 22, 2022 Colleges and universities experienced a surge in ransomware attacks in 2021, and those attacks had significant operational and financial costs, according to a new report. “You can collect that money in a couple of hours,” a ransomware hacker’s representative wrote in a secure June […]
The Hill Ethan Pollock July 20, 2022 This week, Sens. Todd Young (R-Ind.), Mark Warner (D-Va.), Chris Coons (D-Del.), Marco Rubio (R-Fla.) introduced legislation that would explicitly apply existing federal consumer credit protections to income share agreements (ISAs) while also creating important protections unique to the financing tool. The new legislation comes just four months after the U.S. Department of […]
Federal Student Aid July 19, 2022 DCL ID GEN-22-10 SUBJECT Guidance for Institutions Seeking to Change or Add Accrediting Agencies SUMMARY The Department has recently received several inquiries regarding the standards and procedures for an institution seeking to change its primary accrediting agency or obtain multiple accreditations. The purpose of […]
Future Ed Jeffrey Selingo July 19, 2022 Nearly 20 years ago, I wrote about the “disappearing state” in public higher ed in The Chronicle of Higher Education. Coming out of the 2001 recession, public colleges and universities weren’t seeing the upswing in their taxpayer appropriations that they had after previous economic downturns. Tax […]
Federal Student Aid July 19, 2022 DCL ID GEN-22-11 SUBJECT Procedures for Institutions Seeking Approval of a Request to Change or Add Accrediting Agencies SUMMARY This letter provides guidance on the process institutions must follow that are seeking to change primary accrediting agencies or that are adding multiple accrediting agencies. […]