Home Conference Updates Institutional Relief Under the CARES Act – CooleyED

Institutional Relief Under the CARES Act – CooleyED

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The CARES Act authorizes ED to allow institutions to ease certain federal student aid requirements, provide relief for certain students and borrowers with federally held student loans and relax certain requirements.

The CARES Act authorizes the US Department of Education (ED) to allow institutions to ease certain federal student aid requirements, provide relief for certain students and borrowers with federally held student loans and relax certain requirements applicable to foreign institutions, as well as historically black colleges and universities (HBCUs) and other minority-serving institutions (MSIs). These regulatory relief provisions supplement the stimulus funding made available by the CARES Act to institutions of higher education, which we discussed in a previous post.

The regulatory flexibility outlined in the CARES Act follows previous guidance from ED in early March that relaxed certain federal student aid rules and authorizes further flexibility that ED viewed as outside its authority without Congressional action, as we discussed in previous posts. Several of the provisions likely require further authorization or clarification from ED, which we expect is forthcoming. In the meantime, institutions should move forward in implementing these helpful forms of institutional relief.

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