CalMatters By Felicia Mello Seth Frotman was traveling from the East Coast to California recently when he had a realization: The amount of new student loan debt that borrowers in the Golden State had racked up over the past year was equal to all the student loan debt in the state […]
Education Dive By Natalie Schwartz@nmschwartz23 Dive Brief: Diane Auer Jones, principal deputy under secretary at the U.S. Department of Education, outlined how forthcoming regulations on accreditation would address college closings during an event Tuesday hosted by the Bipartisan Policy Center in Washington, D.C. New regulations will include “financial triggers” that require […]
InsideHigherED.com By Catharine B. Hill and Will Sealy April 23, 2019 The U.S. Department of Education’s inspector general has released a scathing report detailing the department’s failure to hold student loan companies accountable and the resulting harm to borrowers from a series of malpractices. The independent watchdog’s report finds that loan servicers often failed […]
Career.org 4/23/2019 Today, after the publication of Senator Elizabeth Warren’s higher education proposal, Career Education Colleges and Universities president and CEO Steve Gunderson, released the following statement: “Senator Warren has finally disclosed her true endgame. She, like too many voices in the public sector today, are so opposed to the […]
VVDailyPress By Gerard Scimeca InsideSources.com Even prior to the Democrats winning back the House in last year’s midterms, Education Secretary Betsy DeVos has long been on the left’s “hit” list. The publication Inside Higher Ed dubbed DeVos one of the “biggest losers” of the mid-term election. To newly emboldened Democrats […]
The James G. Martin Center for Academic Renewal For about fifteen years, from 1995 to 2010, enrollments grew rapidly in the for-profit higher education sector, but since then have fallen substantially. The reason for the decline is mainly the overt hostility to for-profits during the Obama administration. The Department of […]
Cooley Last week, the California Assembly Higher Education Committee unanimously voted to advance a bill designed to exclude OPMs and service providers from tuition share arrangements. AB 1345 would broaden California’s existing language prohibiting schools from providing any incentive compensation payments to any employee or third party for success in […]
Inside Higher Ed By Andrew Kreighbaum The Education Department this week issued recommendations for colleges to improve the transparency of financial aid offered to students. The department’s guidance suggests college financial aid offers should: Avoid referring to financial aid offers, which can include loans and Federal Work-Study, as “awards.” Include the full […]
JDSupra In courts across the country, servicers are facing off against states and borrowers over the extent to which federal laws preempt state regulation of federal student loan servicers. Numerous states have stepped up their enforcement activity against student loan servicers and begun enacting new laws aimed at regulating student […]
RobertKelchen.com Every year, the U.S. Department of Education is required to issue a financial responsibility score for private nonprofit and for-profit colleges, which serves as a crude measure of an institution’s financial health. Colleges are scored on a scale from -1.0 to 3.0, with colleges scoring 0.9 or below failing the test […]