Archive for the ‘Spark Notes’ Category

COHEAO Updates State Transcript Withholding Legislation Tracker

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January 11, 2024 · by COHEAO · Spark Notes

July 24, 2023 – In an effort to keep its Members up-to-date on legislation pertinent to operations and daily routine, COHEAO has updated its state memo outlining the states where transcript withholding laws are still pending in state legislatures and which states have passed laws. Each state listing provides a link to the pending legislation…

National Association of Student Financial Aid Administrators (NASFAA) Repayment Toolkit Resource

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January 11, 2024 · by COHEAO · Spark Notes

Dear COHEAO Members: To assist with the upcoming transition for borrowers’ return to repayment in September 2023, with first payments due in October, we are providing this information to help you and your borrowers. Linked below is a Repayment Toolkit, an excellent resource that is available from the National Association of Student Financial Aid Administrators…

DEPARTMENT DECIDES TO MAINTAIN PERKINS MANDATORY ASSIGNMENT DEADLINE OF JUNE 30, 2023

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May 30, 2023 · by COHEAO · Spark Notes

May 30, 2023 – Despite COHEAO’s letter and petition campaign asking the Department to extend the Perkins mandatory deadline date another year, the Department of Education (ED) announced late Friday, May 26 that they will NOT be extending the deadline. The announcement reiterates that schools are required to assign all Perkins Loans that are more…

May 2, 2023 · by COHEAO · Spark Notes

With state legislatures in session over the last several months, many states have introduced or re-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…

April 24, 2023 · by COHEAO · Spark Notes

Over the last several weeks, COHEAO has contacted California institutions, and sent a letter to lawmakers about AB1160 – the Protecting Students from Creditor Colleges Act.  If passed and enacted in its current form, this bill would lead to the deterioration and loss of quality higher education in California. COHEAO has learned today that lawmakers…

April 6, 2023 · by COHEAO · Spark Notes

Dear CA COHEAO institutional member,   As Executive Director of COHEAO, I am writing to inform you of and share concerns with a bill introduced by Assembly Member Blanca Pacheco in the State legislature, AB 1160 – the Protecting Students from Creditor Colleges Act.  This measure was introduced on March 16th and is slated to…

November 30, 2022 · by COHEAO · Spark Notes

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…

October 31, 2022 · by COHEAO · Spark Notes

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…

October 12, 2022 · by COHEAO · Spark Notes

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…

October 11, 2022 · by mlivolsi · Spark Notes

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…

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