Our second blog post about the Borrower Defense to Repayment Rule focuses on the impact of the new rule on Direct Loan borrowers and the bases for borrower defense claims and how those claims will be processed.
After announcing plans for a new rule last summer, the Department of Education has, unofficially, issued its long awaited new update to the borrower defense to repayment rule.
California Senate Appropriations Committee Sends Three Postsecondary Bills for Further Action, Shelves Three Others
The California Senate Appropriations Committee returned from recess on August 12 and resumed discussion of the six remaining higher education bills.
California higher education bills remain unresolved during summer break. The seven original bills passed the Assembly, but have undergone amendments in the Senate. Read our summary of the trajectory of the bills over the past few months as we await the Legislature to reconvene on August 12.
The Department of Education released a final rule that rescinds the entirety of the Obama-era Gainful Employment Rule.
The Department of Education confirmed that covered institutions must meet the new Gainful Employment disclosure requirements as of July 1. The pending new GE rule and its implementation remain uncertain.
The deadline for affected institutions to file reports with the Department of Education under the Obama-era Borrower Defense to Repayment Rule (BDTR) is fast approaching.
The California Assembly Higher Education Committee unanimously voted to advance a bill, AB 1345, designed to exclude OPMs and service providers from tuition share arrangements.