Committee on Education & Labor January 21, 2022 Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) released the following statement after President Biden’s Education Department announced that it will no longer require student and parent borrowers to sign an online acknowledgment about their total student debt each year prior to taking out additional loans: […]
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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 acknowledge that they have seen […]
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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 coming down the pike. Some […]
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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 examiners will review, including placing […]
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