Inside Higher Ed Katherine Knott March 7, 2023 SoFi Bank, a private student loan lender, says it has lost $300 to $400 million in total revenues because of the three-year pause on federal student loan payments, and it wants that pause to end. In a lawsuit filed in the federal district court for […]
Best Colleges Matthew Arrojas March 6, 2023 If successful, it will become more difficult for borrowers defrauded by their college to have their federal loans discharged. The Department of Education plans to institute new rules that erase student debt for borrowers whose college defrauded them. A Texas trade association representing […]
Inside Higher Ed Susan D’Agostino March 3, 2023 Three recent studies highlight confusion about alternative credentials. But all parties seek quality, verifiable, bite-size, low-priced online offerings targeting specific industries. Reskilling. Upskilling. Certificates. Certifications. Badges. Licenses. Microcredentials. Alternative credentials. Digital credentials. So many terms. So little agreement on what they mean, least […]
Higher Ed Dive Rick Seltzer March 2, 2023 Officials describe new guidance as protecting taxpayer dollars and heading off risky behavior, but for-profits argue the move will limit student choice. The Biden administration is seeking more leverage over owners and leaders of colleges it considers risky, unveiling a new set […]
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 […]
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, […]
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 […]
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 […]
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 […]
USA TODAY Medora Lee February 28, 2023 Whatever happens to President Joe Biden’s student loan forgiveness plan currently at the Supreme Court, at least 25 million people will still have student debt to repay. That’s because of the roughly 45 million people who hold student debt, Biden said about 20 million would have […]