CAPPS

Holding Executives Responsible

Holding Executives Responsible

Inside Higher Ed Katherine Knott March 3, 2023 In Education Department’s latest move to ramp up oversight of for-profit colleges, it outlines its authority to hold individuals who control risky institutions financially responsible. The guidance also applies to private nonprofit colleges. Individuals who own or run private colleges—for-profit and nonprofit—could […]

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(GENERAL-23-11) Establishing Personal Liability Requirements for Financial Losses Related to the Title IV Programs

(GENERAL-23-11) Establishing Personal Liability Requirements for Financial Losses Related to the Title IV Programs

Federal Student Aid March 1, 2023 On March 23, 2022, the U.S. Department of Education (Department) published an Electronic Announcement notifying institutions of higher education (institutions) that, in certain circumstances, it would require additional signatures on an institution’s Program Participation Agreement (PPA) from individuals representing corporations or other legal entities that have, […]

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Education Department Takes Steps to Hold Leaders of Risky Colleges Personally Liable  

Education Department Takes Steps to Hold Leaders of Risky Colleges Personally Liable  

U.S. Department of Education  March 2, 2023 Guidance clarifies implementation of long-standing statutory provisions   Today, the U.S. Department of Education (Department) released guidance outlining how it will implement long-standing provisions in the Higher Education Act that grant the Secretary authority to require leaders of private colleges that fail to operate in a financially responsible way to assume […]

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Biden to nominate Julie Su as next US labor secretary

Biden to nominate Julie Su as next US labor secretary

AP News Seung Min Kim and Zeke Miller February 28,2023 WASHINGTON (AP) — President Joe Biden is nominating Julie Su, the current deputy and former California official, as his next labor secretary, replacing the departing incumbent, former Boston Mayor Marty Walsh. Su, a civil rights attorney and former head of California’s labor […]

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Supreme Court Justices Skeptical of Debt Relief

Supreme Court Justices Skeptical of Debt Relief

Inside Higher Ed Katherine Knott March 1, 2023 They questioned the Biden administration’s authority to forgive student loans but also seemed suspicious of arguments from plaintiffs that they have standing to challenge the debt-relief plan. Several Supreme Court justices appeared skeptical of the Biden administration’s plan to forgive up to […]

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(GEN-23-03) Requirements and Responsibilities for Third-Party Servicers and Institutions (Updated Feb. 28, 2023)

(GEN-23-03) Requirements and Responsibilities for Third-Party Servicers and Institutions (Updated Feb. 28, 2023)

Federal Student Aid February 15, 2023 SUBJECT: Requirements and Responsibilities for Third-Party Servicers and Institutions (Updated Feb. 28, 2023) SUMMARY: This letter updates guidance to institutions that contract with a third-party servicer (TPS) to administer any aspect of the institution’s participation in the student assistance programs authorized under Title IV of […]

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