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 a year after student-loan payments […]
Read More
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 value to students and solicited […]
Read More
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 considered third-party servicers under the […]
Read More
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 contracted services and a series of […]
Read More