Duane Morris February 17, 2023 The Department of Education has issued an electronic notice relating to the updated cybersecurity regulations published by the Federal Trade Commission (FTC). On December 9, 2021, the FTC amended the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA). This comprehensive amendment updated data security requirements for financial institutions, including all Title IV institutions […]
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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 […]
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Pew February 16, 2023 Pew survey highlights the need to re-examine current collection practices amid government reforms. Overview Among borrowers who have faced student loan default over the past two decades, a majority have experienced multiple consequences—and for many, these penalties have had a major financial impact, according to a new survey from The Pew […]
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Higher Ed Dive Natalie Schwartz February 16, 2023 We’re keeping tabs on how companies are performing to get a glimpse into where higher education has been and where it’s headed. Several major higher education companies are publicly traded, which means they’re required to provide regular disclosures about their strategies and performance. When they do so, […]
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