Tag: Third-Party Servicers
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.
New ED Audit Guide Updates Requirements Concerning Third-Party Servicers
Nancy Anderson and Rebecca Flake
The sixth post in our Audit Guide series focuses on the new requirements for third-party servicers. Institutions of all types that use any third-party servicers should become familiar with these new Audit Guide requirements.