Back in September new financial responsibility reporting requirements were released as part of the borrower defense to repayment regulations package. The changes are intended to remedy past inconsistent ratio interpretive issues and pronouncements by FASB. ED recently released a Q&A to provide clarity on the…
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In less than two hours, the U.S. Department of Education will give a breifing on COVID-19 and the CARES Act stimulus package according to a memo just blasted out by ED. It reads: ” Good morning higher education stakeholders, Please join senior officials from the…
Read More >The U.S. Department of Education’s National Center for Education Statistics has updated the Classification of Instructional Programs (CIP) codes. This is the first update to the CIP codes since 2010. CIP codes get reported to COD, NSLDS and other Federal Student Aid websites and are…
Read More >FSA announced the release of award year 2020-2021 Final Funding Authorizations for the Federal Work-Study and Federal Supplemental Opportunity Grant allocations. As a result of the Consolidated Appropriations Act of 2020t and the Further Consolidated Appropriations Act of 2020 $1,180,000,000 in FWS and $865,000,000 in…
Read More >Secretary DeVos has directed all federal student loan servicers to grant an administrative forbearance to any borrower with a federally held loan who requests one. The forbearance will be in effect for a period of at least 60 days, beginning on March 13, 2020. To…
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Today the U.S. Department of Education released details about how much postsecondary institutions of higher education will each receive from the recently passed Coronavirus stimulus package know as the CARES Act. In ED’s press release additional information is given about the process for securing the…
Read More >Last month the President signed S.3503 into law, authorizing the Secretary of Veterans Affairs to treat certain approved educational programs that move to an online format as a result of emergencies and health-related situations in the same manner as programs offered on ground. Under the…
Read More >The Office for Civil Rights (OCR) at the U.S. Department of Education released a webinar on ensuring web accessibility for students with disabilities for schools utilizing online learning during the Coronavirus (COVID-19) outbreak. In addition, OCR published a fact sheet for education leaders on how…
Read More >Postsecondary institutions participating in the Federal Student Aid Programs agree to comply with The Gramm-Leach Bliley Act (GLBA) when they sign their program participation agreement with the U.S. Department of Education. The rules require institutions to implement safeguards and internal controls to ensure the confidentiality,…
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The U.S. Department of Education just issued an electronic announcement which addresses concerns expressed by higher education leaders regarding how they should comply with Title IV, Higher Education Act (HEA) policies for students whose activities are impacted by Coronavirus (COVID-19), either directly because the student…
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