Tag: Financial Aid
ED Adds New Letter of Credit Requirements to Student Loan Negotiations
Jonathon Glass and Kate Lee Carey
The US Department of Education and appointed negotiators representing higher education and legal groups are preparing for the second round of negotiations to expand the “Borrower Defense to Repayment” regulations, with the next session to run from Wednesday, February 17 through Friday, February 19.
ED Issues New Incentive Compensation Guidance
At the end of November, the US Department of Education (ED) issued important new guidance regarding its incentive compensation regulations, which ED says “clarifies and provides additional information” about part of the rules.
New Proposal Offers Limited Access to Federal Student Aid for Alternative Providers
On October 15, 2015, the US Department of Education (ED) issued a long-awaited notice announcing an “Experimental Sites Initiative” (ESI) to permit limited access to federal loan and grant programs for students enrolled in certain kinds of short, non-institutional educational programs.
“Ability to Benefit” is Back, But Not the Same
Jonathon Glass, Kate Lee Carey and Naomi Harralson May
Recently, a number of third-party test providers have begun promoting the Department of Education’s (ED) approval of their Ability-to-Benefit (ATB) assessments by notifying institutions that, after a three-year hiatus, they can once again award federal financial aid to students who do not have high school diplomas.
Third-Party Servicers – New Guidance from the Department of Education
The Department of Education (ED) issued a Dear Colleague Letter (DCL) on January 9th providing guidance on which entities should be classified as third-party servicers for purposes of the Title IV rules.
Department of Education Seeks Comments on New Data Collection and Validation for Reporting Use of “Third-Party Servicers”
The Department of Education (ED) announced on December 8, 2014 that it is seeking comments on new data collection and validation procedures for reporting the use of “third-party servicers.”