Inside Higher Ed Scott Jaschik March 4, 2022 The programs are loans, the department says. And the companies that offer them—and colleges—have obligations. The Education Department clarified this week that income-share agreements in higher education are private loans. As loan providers, the companies that provide these agreements are regulated in different ways than before the clarification, and […]
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Cooley ED Kate Lee Carey and Shannon Noonan March 3, 2022 California Senate bills became effective January 1, 2022 that impact the Bureau for Private Postsecondary Education and institutions subject to the BPPE’s oversight. The California Legislature passed a number of bills during the 2021 session impacting the Bureau for Private Postsecondary Education (BPPE) and […]
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Duane Morris March 2, 2022 On February 17, 2022, the Federal Trade Commission (FTC) published an Advance Notice of Proposed Rulemaking (ANPR) and a request for public comment regarding a proposed rule to address what the agency calls “deceptive or unfair marketing” that relies upon false claims about potential earnings. The FTC launched the proceeding to challenge […]
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Higher Ed Dive Jeremy Bauer-Wolf March 2, 2022 Dive Brief: The U.S. Department of Education on Wednesday reminded colleges of their legal obligation to inform students of the costs and conditions of taking out private loans, including income-share agreements. In an online notice, the department highlighted a recent finding by the Consumer Financial Protection Bureau that laws and regulations […]
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