Archive for the ‘Spark Notes’ Category
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…
As you know, COHEAO has been actively engaged and reviewing the Department’s August 27th notice regarding the mandatory assignment of Perkins loans that are more than 2 years in default. Our previous Sparks indicated that COHEAO would be taking action. This week, a letter was sent to Under Secretary James Kvaal asking him to…
To: COHEAO Members From: Robert Moran, Jared Solomon, and Jimmy Koch All, On August 27th, the Department of Education issued an electronic announcement regarding the assignment of Perkins Loans that have been in default for two or more years. COHEAO is aware that the Department is continuously following up on this announcement through direct outreach…
On Friday, August 27, the Department of Education issued a notice regarding the assignment of Perkins Loans that have been in default for more than two years. As you know, over the past several years, the Department through Federal Student Aid (FSA) has stepped up their efforts to require schools to assign defaulted Perkins Loans…
On Friday, August 27, the Department of Education issued a notice regarding the assignment of Perkins Loans that have been in default for more than two years. As you know, over the past several years, the Department through Federal Student Aid (FSA) has stepped up their efforts to require schools to assign defaulted Perkins Loans…
July 30, 2021 To: COHEAO Members From: Robert Moran, Jared Solomon, and Jimmy Koch The Consumer Financial Protection Bureau (CFPB) announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned, on Nov. 30, 2021. The CFPB issued a proposal in April 2021 that, if finalized, would…
July 16, 2021 To: COHEAO Members From: Robert Moran, Jared Solomon, and Jimmy Koch In Minnesota, Governor Tim Waltz signed both H.F. 6, a comprehensive funding measure, and H.F. 7, an omnibus higher education bill, on June 26, 2021. These bills contain several provisions of interest to COHEAO members that went into effect on July…
