Fox Business Breck Dumas January 16, 2024 Borrowers ‘boycotting’ repayment aim to pressure government to cancel their debts Millions of borrowers with existing student loans still have not made a payment since the bills resumed in October after a three-year hiatus, and some admit they are refusing to pay out of […]
NASFAA Maria Carrasco January 17, 2024 Sen. Bill Cassidy (R-La.), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, criticized the Department of Education (ED) in a letter on Friday for its “botched” rollout of the 2024-25 FAFSA. Cassidy voiced his concerns about the impact the rocky FAFSA rollout […]
NASFAA Maria Carrasco January 16, 2024 The Department of Education (ED) on Friday announced that starting in February, eligible borrowers enrolled in the Saving on a Valuable Education (SAVE) repayment plan will have their federal student loan debt forgiven as part of an early implementation of a SAVE plan provision. The borrowers […]
Higher Ed Dive Laura Spitalniak January 12, 2024 Rep. Virginia Foxx said her proposal would cut down on the “astronomical” levels of student debt in the country. Dive Brief: Rep. Virginia Foxx, chair of the House Committee on Education and the Workforce, introduced a wide-ranging legislative package Thursday meant to […]
Faegre Drinker Jonathan D. Tarnow and Sarah L. Pheasant January 12, 2024 At a Glance The final regulations are substantively consistent with earlier proposed regulations from ED, including definitions and thresholds for calculating debt-to-earnings (D/E) and earnings premium (EP) metrics. Unprecedented program-level data reporting, disclosures, and student acknowledgements will be […]
Inside Higher Ed Katherine Knott January 16, 2024 With higher education becoming more politicized, it’s poised to play a more prominent role than usual in this year’s presidential and congressional elections. The outcomes will carry huge policy implications. The fight for control of the White House and Congress in 2024 […]
FORVIS January 10. 2024 We offer tips for higher education institutions to help meet DoE reporting requirements. By this point, every administrator in higher education should know that the U.S. Department of Education (DoE) has imposed new regulations on institutions that are designed to protect students from unsustainable financial burdens associated with […]
JD Supra January 9, 2024 The Second Circuit Court of Appeals released a new decision in the NYLAG v. Cardona et al. case that may have implications for the everchanging legal and regulatory environment of Borrower Defense to Repayment (BDR) claims. Here are the key takeaways from this latest ruling: The decision […]
Federal Student Aid POSTED DATE: January 05, 2024 AUTHOR: Federal Student Aid ELECTRONIC ANNOUNCEMENT ID: GENERAL-24-01 SUBJECT: Federal Student Aid Handbook – 2024-25 Application and Verification Guide and 2023-2024 FSA Assessments We are pleased to announce the availability of the Application and Verification Guide of the 2024-2025 Federal Student Aid Handbook as well as […]
Business Insider Avelet Sheffey January 8, 2024 Congress is back to negotiating spending bills as a government shutdown looms. Funding for the labor and education bill will lapse on February 2 without an agreement on new spending. The GOP’s proposal for education funding would cut resources for student-loan borrowers. The […]