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Foxx Opening Statement at Hearing on Borrower Defense

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WASHINGTON – Today, Rep. Virginia Foxx (R-NC), Republican Leader of the Committee on Education and Labor, delivered the following opening statement, as prepared for delivery, at a full committee hearing to address how the Department of Education is working to address borrowers’ defense claims that have been filed with the Department. “Thank you, Secretary DeVos, More Info »
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Considerations for Early Implementation of State Authorization Federal Regulations – WCET Frontier

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To early implement or not to early implement, that is the question… Ok, so maybe Hamlet had a bit more weighing on his mind when he posed the question, “to be or not to be,” but I do think institutions need to take the question of whether to early implement new 2019 State Authorization Federal More Info »
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Dept. of Ed close to releasing proposal that would facilitate income share agreement programs at selected Title IV schools – JD Supra

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Written b: Ballard Spahr LLP My colleagues and I have the privilege of advising numerous clients on income share agreements (ISAs), including universities, service providers, and institutional investors. So we were excited by reports that the U.S. Department of Education (ED) plans to publish a Federal Register notice for an Experimental Sites Initiative (ESI) that More Info »
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Ratings Agencies Post Mixed Outlooks for Higher Education – Inside Higher Ed

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Two ratings agencies offered differing opinions Tuesday on the future of the U.S. higher education sector. Moody’s Investors Service raised its U.S. higher education outlook from negative to stable as it sees steady revenue streams, solid reserves and strong operating performance at large comprehensive universities bolstering the sector over the next year to 18 months. More Info »
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FUTURE Act heads to president – Community College Daily

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With a rare show of bipartisan cooperation, legislation that would, in part, simplify the federal student aid application process for students and families is on its way to the president for him to sign into law. Both chambers of Congress this week passed H.R. 5363, the FUTURE Act (Fostering Undergraduate Talent by Unlocking Resources for More Info »
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Senate Passes Bill with Alexander-Murray Amendment to Permanently Fund Historically Black Colleges and Universities and Simplify Federal Student Aid Application Form

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WASHINGTON, December 10, 2019 — The United States Senate today passed bipartisan legislation that included an amendment from Senate Education Committee Chairman Lamar Alexander (R-Tenn.) and Ranking Member Patty Murray (D-Wash.) that permanently reauthorizes $255 million in annual funding for Historically Black Colleges and Universities and Minority Serving Institutions and simplifies the Free Application for More Info »
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In A Tiny Vermont Town, A College Closes And The Local Economy Slips – WGBH

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On most college campuses, December marks the end of the semester, but for the first time in 185 years there was no fall semester at Green Mountain College in southwestern Vermont. The closing of the liberal arts college last spring has hurt the local economy in the tiny town of Poultney — population 3,339. Colleges More Info »
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Scott Statement on Department of Education’s New Formula for Denying Defrauded Borrowers Full Debt Relief

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WASHINGTON – Chairman Bobby Scott (VA-03) issued the following statement after the Department of Education released a revised formula for providing partial loan relief to defrauded borrowers under the Borrower Defense rule. “Under the Borrower Defense rule, the Department of Education has the clear authority to provide full debt relief to students defrauded by their More Info »
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Trump Signs Order on Campus Anti-Semitism – Inside Higher Ed

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White House order directs federal agencies to “consider” a controversial definition of anti-Semitism in investigating civil rights complaints at college campuses. President Trump on Wednesday signed an executive order focused on anti-Semitism on college campuses, drawing praise from some quarters and concerns from others about implications for free speech on campuses. The executive order instructs More Info »
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Moving Past Loan Default Rates: Experts Discuss Additional Accountability Metrics to Improve Student Success – NASFAA

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As college costs rise, more people have turned to lawmakers to hold institutions accountable for providing high quality student success outcomes. Seeking to address accountability metrics and provide recommendations to lawmakers working to reauthorize the Higher Education Act (HEA), a panel of higher education experts discussed loan repayment rates on Tuesday. The current primary metric More Info »
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