Federal Student Aid November 21, 2023 In this announcement, we remind schools of the general disbursement reporting, excess cash, and reconciliation requirements for all Title IV programs. Both the Financial Aid Office and Business Office should review the information provided below, because these requirements apply to disbursement and financial data. Disbursement Reporting […]
Federal Student Aid November 21, 2023 Federal Student Aid (FSA) recently posted two updated school reports on its data center: Institutions on Heightened Cash Monitoring as of Sept. 1, 2023, and Proprietary Institution Conversions. FSA also updated information about foreign gifts and contracts reported by institutions as of Oct. 13, 2023. […]
Federal Student Aid November 21, 2023 Data breaches targeting Institutions of Higher Education (IHEs) continue to escalate and are particularly challenging for small and under resourced schools. The Cybersecurity and Infrastructure Security Agency (CISA) recently introduced Logging Made Easy, a Windows-based log management and protective monitoring solution that is both free […]
Duane Morris November 15, 2023 Without too much fanfare, on November 8, 2023, the U.S. Department of Education published an electronic announcement entitled “Borrower Defense School Notification Process Under the 2016 Regulation.” The announcement follows months of the Department providing borrower defense to repayment (BDR) applications to institutions with little to no […]
Reuters Howard Schneider November 17, 2023 BOSTON, Nov 17 (Reuters) – Millions of “gig” workers may get missed every month in the U.S. government’s employment report, a discrepancy with implications for how Federal Reserve officials size up the job market and any associated inflation risks. Research prepared for a Boston […]
Thompson Coburn LLP Jeff Fink, Scott Goldschmidt, Aaron Lacey, Stephanie Cohan November 16, 2023 The U.S. Department of Education published an electronic announcement on November 8, 2023, offering guidance on the notification process for Borrower Defense to Repayment (“BDR”) claims received by the agency between June 23, 2022, and November 15, 2022. […]
Business Wire November 17, 2023 SCHAUMBURG, Ill.–(BUSINESS WIRE)–Perdoceo Education Corporation (NASDAQ: PRDO), a provider of postsecondary education programs, today announced that Todd Nelson has been appointed as President and Chief Executive Officer of Perdoceo and transitioned from his position of Executive Chairman of Perdoceo’s Board to fill such offices. Mr. […]
Inside Higher Ed Katherine Knott November 15, 2023 At a hearing Tuesday, Democrats disagreed—and said the Education Department’s Office for Civil Rights, facing budget cuts, needs more money to respond to the crisis. Diversity, equity and inclusion programs on college campuses are behind the recent spike in campus antisemitism, several […]
GAO November 16, 2023 In October 2022, the Department of Education launched a student loan debt relief program that would provide up to $20,000 in relief to borrowers who had incomes below certain thresholds. Court orders caused Education to cease work on the program before discharging any debt, and in […]
The Washington Times Sean Salai November 16, 2023 The nation’s largest Christian college pledged Thursday to fight a record $37.7 million fine that the Education Department levied against it for “deceiving” federal student loan applicants about graduate program costs. Brian Mueller, president of Grand Canyon University, said the for-profit campus in Phoenix […]