CAPPS

Student Loan Errors Prompt $7.2M Penalty

Student Loan Errors Prompt $7.2M Penalty

Inside Higher Ed October 31, 2023 Katherine Knott The Education Department is punishing one of its largest contractors after a billing error led thousands to miss their student loan payments this month. Millions of borrowers didn’t receive their student loan bills on time, a mistake that led thousands of borrowers […]

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Biden Administration Details Plan for Broader Debt Relief

Biden Administration Details Plan for Broader Debt Relief

Inside Higher Ed Katherine Knott October 31, 2023 The draft proposal offers relief to borrowers who fall into certain categories, including those whose balances exceed the amount they initially borrowed. The Education Department is proposing to cancel some or all of the outstanding student loans for certain categories of borrowers, […]

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U.S. Department of Education Announces Withholding of Payment to Student Loan Servicer as Part of Accountability Measures for Harmed Borrowers

U.S. Department of Education Announces Withholding of Payment to Student Loan Servicer as Part of Accountability Measures for Harmed Borrowers

U.S. Department of Education  October 30, 2023 Contact:   Press Office, (202) 401-1576, press@ed.gov U.S. Secretary of Education Miguel Cardona and Federal Student Aid (FSA) Chief Operating Officer Rich Cordray issued the following statements on actions taken by the U.S. Department of Education (Department) after student loan servicer errors were found by the […]

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List: 23 People Blocked From Federal Financial Aid System

List: 23 People Blocked From Federal Financial Aid System

Inside Higher Ed Katherine Knott October 30, 2023 College administrators and university employees convicted of fraud are among the 23 people currently barred from participating in federal financial aid programs, according to a new public list from the Education Department. Department officials said in an online notice that the agency will update the […]

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Gainful Employment Redux – Not Just for For-Profits Anymore

Gainful Employment Redux – Not Just for For-Profits Anymore

Cooley ED Kate Lee Carey and Shannon Noonan October 26, 2023 The Department of Education released the final and official Gainful Employment rule on October 10, 2023. The final rule is substantially similar to the proposed rule released in May 2023, with a few exceptions outlined within this post. With […]

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Don’t Expect Revised TPS Guidance Before the Election

Don’t Expect Revised TPS Guidance Before the Election

On Ed Tech Newsletter Phil Hill October 23, 2023 Let’s get to the point before the context and rationale. The US Department of Education (ED) will not release new third-party servicer (TPS) guidance this year, and I believe ED will not release it next year, either, due to the election. […]

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Stop Undervaluing For-Profit Online Degrees

Stop Undervaluing For-Profit Online Degrees

Inside Higher Ed L. Roxanne Russell October 27, 2023 Next time you scoff at a degree from a for-profit online college, ask yourself why, exactly—and whom you’re hurting, L. Roxanne Russell writes. When researching to learn more about the first two Black women to serve on my local school board, […]

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Growing Enrollment, Shrinking Future

Growing Enrollment, Shrinking Future

Inside Higher Ed Liam Knox October 26, 2023 Undergraduate enrollment rose for the first time since 2020, stoking hopes for a long-awaited recovery. But surprising areas of decline may dampen that optimism. There is good news and bad news in the National Student Clearinghouse Research Center’s latest enrollment report. First, […]

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