
Withholding student transcripts of students who owe funds to an institution has percolated as a consumer/student fairness issue over the past year. As such, many states have introduced measures that would prohibit colleges and universities from withholding transcripts due to unpaid debts. Withholding transcripts is a key tool in the process by which colleges and…
Today, the office of Federal Student Aid (FSA) announced a one year extension of the mandatory assignment of Federal Perkins Loans in Default for more than two years. If you have any questions, please reach out to COHEAO’s executive director, Robert Moran. Click here to view the announcement. FSA’s announcement is below:…
The Consumer Financial Protection Bureau (CFPB) announced yesterday that it plans to examine the operations of colleges that offer private student loans directly to students. The CFPB stated that it is concerned about institutional loans because of past examples of high interest rates citing actions at two for-profit operators that shut down in the mid-2010s…