Archive for the ‘Spark Notes’ Category
On Thursday, November 17, 2022, the US Department of Justice (DOJ) announced a new policy on handling cases involving bankruptcy of student loan debt in cooperation with the Department of Education (ED). DOJ released guidance to Department attorneys that handle bankruptcy cases outlining a new process for recommending the discharge of student loan debt to…
Dear COHEAO Member, I am writing to share the following note from COHEAO’s Institutional Loan Task Force and attached document: I hope your fall semester is off to a good start. I am pleased to announce that the COHEAO Institutional Loan Committee has developed suggested policy and procedures for managing an institutional loan…
On September 29th, the Consumer Financial Protection Bureau (CFPB) released a report of Supervisory Findings on a number of topics, including institutions that offered institutional loans and transcript withholding policies. The report found that schools had improper blanket policies of withholding transcripts to force students to make payments that violate federal law. COHEAO is…
September 16, 2022 Biden Administration Federal Student Loan Forgiveness FAQs The office of Federal Student Aid (FSA) recently released FAQs regarding the Biden administrations recent student debt relief announcement. The announcement from FSA is below: One-Time Student Loan Debt Relief On Aug. 24, 2022, the Biden-Harris Administration announced a Student Debt Relief Plan that includes one-time student…
Over the past year, 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 universities communicate with students about owed balances. COHEAO has been actively monitoring each state for new transcript withholding legislation…
You are Invited to Help Make Higher Education Possible for Our Students! In addition to an extensive list of sessions and speakers at the 2022 Annual Conference, COHEAO is pleased to announce our annual fundraiser/silent auction to benefit COHEAO’s scholarship fund. This is our only fundraiser for this worthy cause. With the money raised,…
To All COHEAO Members: As you know last November, COHEAO wrote to the Department of Education expressing concerns and questioned the legality of the Department’s August 27, 2021 electronic announcement concerning the assignment of Perkins Loans. That letter can be found here. Last week, COHEAO received a letter from Under Secretary James Kvaal in response…
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…
