REGISTER NOW: Upcoming Webinar

April 23rd, 2024:  FAQS of Financial Literacy

 

 

Click here for more information and to register.

 


REGISTER NOW: COHEAO’s 2024 Annual Conference

June 3-4, 2024 Nashville, Tennessee

For hotel information, click here.

 


 

URGENT: Oppose AB1160

 

As many of you know, a bill was introduced last year in the California Assembly – AB1160 – the Protecting Students from Creditor Colleges Act on February 16, 2023 by Assembly Member Blanca Pacheco.  The bill would expand the current California ban on transcript withholding to include degrees and certificates or otherwise any other harm to the student as a result of their debt.  It further prevents institutions from contracting with or selling to third-party collection agencies.  COHEAO, with its institutional and commercial members, have voiced opposition to this bill and that opposition resulted in the bill being tabled last year. 

However, on January 10th, 2024, the Assembly Higher Education Committee marked up the bill and made a few changes.  One of those changes would allow institutions to contract with a collection agency, but would be required to wait 180 days before doing so and would need to send a “good-bye” letter to the student.  The amended legislation would require the letter to contain a long list of information that creates additional burden on institutions.  As such, COHEAO has drafted a sign-on letter (found here) and are encouraging schools and others to sign-on.  This letter will remain active and will be updated as necessary in opposition to AB1160.  We are encouraging institutions and commercial entities sign this letter.  COHEAO will forward the letter and the list of signatories to the appropriate California officials, as the bill works its way through the process.  The next scheduled action is the Assembly Appropriations Committee on Thursday, January 18, 2024.  Should you have any questions, please do not hesitate to contact COHEAO Executive Director, Bob Moran, at rmoran@bosepublicaffairs.com.

 


 

Department of Education Publishes Final “Financial Responsibility, Administrative Capability, Certification Procedures, Ability to Benefit (ATB)” Rule

Read COHEAO Spark here.
Read the final regulation click here.

FINANCIAL WELLNESS NEWSLETTER: Winter 2024

Comments Off on FINANCIAL WELLNESS NEWSLETTER: Winter 2024
February 12, 2024 · by COHEAO · Spark Notes

Please find the Winter 2024 edition of the Financial Wellness newsletter here.

Final Rule Entitled “Financial Responsibility, Administrative Capability, Certification Procedures, Ability to Benefit (ATB)”

Comments Off on Final Rule Entitled “Financial Responsibility, Administrative Capability, Certification Procedures, Ability to Benefit (ATB)”
January 17, 2024 · by COHEAO · Spark Notes

October 27 – As COHEAO reported Wednesday, the Department of Education has announced a final rule entitled “Financial Responsibility, Administrative Capability, Certification Procedures, Ability to Benefit (ATB)” that includes language impacting the ability of institutions from withholding transcripts in cases where the student or former student owes a debt. Here is the text of the…

A Few Updates

Comments Off on A Few Updates
January 17, 2024 · by COHEAO · Spark Notes

October 25 – ED Releases Final Financial Responsibility Rule Yesterday, the US Department of Education announced their intention to release a final rule entitled “Financial Responsibility, Administrative Capability, Certification Procedures, Ability to Benefit (ATB)” with the Docket ID of ED-2023-OPE-0089. This document has yet to be published in the Federal Register. Earlier this year the Department released…