Reuters John Kruzel February 23, 2023 WASHINGTON, Feb 23 (Reuters) – Shanna Hayes in 2007 became the first member of her immediate family to attend college. She did not realize she was setting off on a path toward another, less-welcome family first – racking up more than $150,000 in student […]
Best Colleges Matthew Arrojas February 22, 2023 Some advocates are hopeful this list will shed light on college programs saddling students with unmanageable debt. The Department of Education (ED) plans to create a list of “low-financial-value” college programs, but there is disagreement on how to put together that list. ED […]
The Hechinger Report Jon Marcus February 22, 2023 Independent information is out there, but some of it can be misleading. The dean of Harvard Medical School was emphatic and unambiguous when he announced that it would end its participation in the U.S. News & World Report rankings. “Rankings cannot meaningfully […]
New America Rachel Fishman and Olivia Cheche February 22, 2023 As we near the third anniversary of nationwide pandemic closures, it’s hard to fathom how completely our lives have changed. We’ve settled into a new way of being—it’s not quite the “before times,” but also not the dark days when […]
Cooley ED Nancy Anderson, Kate Lee Carey February 22, 2023 The Department of Education announced two initiatives that expand oversight of third-party providers to institutions of higher education that participate in federal financial aid programs. On February 15, ED announced two separate initiatives (one final and one proposed) that impact service providers […]
Thompson Coburn LLC Christopher Murray, Scott Goldschmidt, Aaron Lacey February 22, 2023 Last week, the U.S. Department of Education made important announcements regarding oversight of “third-party servicers” and enforcement of its incentive compensation rule. In this post, we consider each of these announcements and their likely impact on the regulated community. Updated […]
Insider Ayelet Sheffey February 16, 2023 The New York Fed found that $34 billion in delinquent student loans were marked current in the last quarter of 2022. That’s thanks to Biden’s “Fresh Start” plan, which aimed to restore defaulted borrowers to good standing. The plan will remain in place for […]
Higher Ed Dive Natalie Schwartz February 22, 2023 Some prominent higher ed groups rejected the proposal altogether, while others suggested metrics they say could make it work. In January, the U.S. Department of Education asked for feedback on a plan to publish a list of college programs with low financial […]
McGuire Woods February 21, 2023 On Feb. 15, 2023, the U.S. Department of Education issued guidance that significantly expands the definition of “third-party servicer” to include services completed by many online program managers (OPMs) and entities providing other services that historically have not been considered third-party servicers. Institutions and entities […]
WCET Frontiers Megan Raymond February 22, 2023 Did you hear that loud noise last Wednesday? For those in the middle of the country, it was the Kansas City Chiefs victory parade. For those in higher education, the U.S. Department of Education created its own rumblings by releasing new guidance with rules about any […]