Third-Party Servicer Guidance on Hold
Kate Lee Carey, Nancy Anderson and Vince Sampson
The Department of Education announced that it will modify and further delay the implementation of its controversial guidance on third-party servicer issues.
ED Updates Timeline for Third Party Servicer Guidance
Nancy Anderson and Kate Lee Carey
The Department of Education has extended the timeline for implementation of its February 15 Dear Colleague Letter.
ED Revisits Third-Party Servicer and Incentive Compensation Guidance
Nancy Anderson and Kate Lee Carey
The Department of Education announced two initiatives that expand oversight of third-party providers to institutions of higher education that participate in federal financial aid programs.
Borrower Defense to Repayment 4.0
Kate Lee Carey and Jasmine Lee
The US Department of Education published final regulations regarding the borrower defense to repayment rule in October 2022.
ED Proposes Significant Amendments to Change in Control and 90/10 Regulations
Nancy Anderson, Kate Lee Carey, Jasmine Lee and Shannon Noonan
The Department of Education is accepting comments until August 26 on the NPRM to amends its 90/10 and change of ownership and control regulations.
California BPPE Implements New Statutory Provisions
Kate Lee Carey and Shannon Noonan
California Senate bills became effective January 1, 2022 that impact the Bureau for Private Postsecondary Education and institutions subject to the BPPE’s oversight.
90/10 Provisions of American Rescue Plan Act of 2021 Brings Major Change
Kate Lee Carey and Vince Sampson
President Joe Biden signed the American Rescue Plan Act of 2021 on March 11. The ARPA includes a major change in the 90/10 revenue test that provides for-profit institutions and their students access to the FSA programs.
Reminder: Upcoming CARES Act HEERF Reporting Deadlines
Rebecca Flake and Kate Lee Carey
There are two important Higher Education Emergency Relief Fund reporting deadlines in January and February.
Department of Education Webinar and Website Updates Provide Additional HEERF Guidance
Rebecca Flake and Kate Lee Carey
The Department of Education’s webinar provided some helpful additional context and explanation regarding the October 30 HEERF institutional reporting requirements.
US Department of Education Issues Long-Awaited Guidance on CARES Act HEERF Reporting
Kate Lee Carey, Caitlyn Shelby and Rebecca Flake
In this post, we recap previous guidance from the Department of Education, as well as the newest updates focused on the institutional portion of the Higher Education Emergency Relief Fund.
California Higher Education Bill AB70 Signed into Law by Governor Newsom (and Why it Matters)
Proposed changes to recognition of nonprofit and public institutions have been signed into law and will become effective January 1, 2022, just in time for the out-of-state registration process to become more complex.
ED Announces New System for Institutions to Report Foreign Ownership, Contracts and Gifts
Shannon Noonan, Paul Thompson and Nancy Anderson
On June 22, the United States Department of Education announced its new information collection system for postsecondary institutions that participate in the Title IV programs to comply with the foreign owner, contract and gift reporting obligations under the HEA.