Inside Higher Ed Meghan Brink July 22, 2022 The uncertainty has experts worried about borrowers being unprepared for repayment to begin. A source says loan servicers have been told by the Education Department not to send statements to borrowers about the deadline. The clock is ticking for the Biden administration to let borrowers know whether […]
Read MoreInside Higher Ed Susan D’Agostino July 22, 2022 Colleges and universities experienced a surge in ransomware attacks in 2021, and those attacks had significant operational and financial costs, according to a new report. “You can collect that money in a couple of hours,” a ransomware hacker’s representative wrote in a secure June 2020 chat with a University […]
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The Hill Ethan Pollock July 20, 2022 This week, Sens. Todd Young (R-Ind.), Mark Warner (D-Va.), Chris Coons (D-Del.), Marco Rubio (R-Fla.) introduced legislation that would explicitly apply existing federal consumer credit protections to income share agreements (ISAs) while also creating important protections unique to the financing tool. The new legislation comes just four months after the U.S. Department of Education weighed in on ISAs, […]
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Federal Student Aid July 19, 2022 DCL ID GEN-22-10 SUBJECT Guidance for Institutions Seeking to Change or Add Accrediting Agencies SUMMARY The Department has recently received several inquiries regarding the standards and procedures for an institution seeking to change its primary accrediting agency or obtain multiple accreditations. The purpose of this announcement is to reiterate […]
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