Federal Student Aid January 21, 2022 In a Nov. 21, 2019 Electronic Announcement, we informed schools about a change to our approved Master Promissory Note (MPN) confirmation processes. The Annual Student Loan Acknowledgment process would require student and parent borrowers to view how much they currently owe in federal student loans, and to […]
Higher Ed Dive Natalie Schwartz January 21, 2022 How will for-profit colleges face hurdles like stricter regulations and enrollment challenges? Can the sector avoid being cut out of any Pell Grant increase? For-profit colleges appear to have a tough road ahead in 2022, with stricter regulations and other challenges likely […]
Inside Higher Ed Scott Jaschik January 24, 2022 The Consumer Financial Protection Bureau announced Thursday that it will begin examining the operations of postsecondary colleges, such as for-profit colleges, that extend private loans directly to students. As the CFPB begins its supervision, the exam procedures inform the industry about practices that CFPB […]
Higher Ed Dive Rick Seltzer January 20, 2022 Dive Brief: The Consumer Financial Protection Bureau will scrutinize operations at colleges that offer private loans directly to students, it said Thursday. The CFPB is updating its exam procedures to look at a category of loans often called institutional student loans. They’re […]
NASFAA Owen Daugherty and Hugh T. Ferguson January 20, 2022 The second day of the negotiated rulemaking session on Institutional and Programmatic Eligibility on Wednesday saw two of the committee’s most pressing issues take center stage, as negotiators were tasked with completing discussions on administrative capability and kicked off their […]
The Press Democrat Jocelyn Gecker January 18, 2022 Gov. Gavin Newsom announced Tuesday that 45 colleges and universities in California, including some of the most prestigious campuses in the state, will be part of a new public service program that will subsidize tuition for students who do community service alongside […]
Inside Higher Ed Scott Jaschik January 18, 2022 California may soon experiment with giving $500 a month to low-income students in the California State University system, the Los Angeles Times reported. State Senator Dave Cortese is considering legislation that would create a pilot program at select California State University campuses issuing monthly […]
Inside Higher Ed Scott Jaschik January 18, 2022 Many other fights that focus on for-profit higher education will be center stage in a round of negotiated rule making sponsored by the Department of Education this week. Will the negotiators find consensus on any issues? The Education Department will hold another session […]
Federal Student Aid January 12, 2022 As a reminder, to comply with an important federal mandate to improve email and web security, the latest version of Student Aid Internet Gateway (SAIG) software—EDconnect or TDClient—must be installed by all users. As we described in a Dec. 16, 2021 Electronic Announcement, the deadline […]
Higher Ed Dive Natalie Schwartz January 13, 2022 Dive Brief: Colleges enrolled around 1 million fewer undergraduate students in fall 2021 compared to fall 2019, according to data released Thursday by the National Student Clearinghouse Research Center that captures the toll the pandemic has taken on the higher education sector. That loss […]