NCHER BRIEFING

Articles on: Weekly Rundown; Senate Tees Up Consideration of Short-Term Continuing Resolution, House Tries to Advance Individual Appropriations Bills; Federal Government Shutdown: What It Means For Higher Education; Department of Education Plans to Begin FAFSA Outreach This Week, Updates Federal Student Aid Estimator for 2024-2025; U.S. Department of Education News; Member News; General News

Articles on: Weekly Rundown; U.S. House Returns from Month-Long Recess With Mounting Challenges For Speaker McCarthy; Department of Education Seeks Public Comments on Information Collection Requests Related to Loan Forgiveness Programs; Congressional Budget Office Releases Monthly Budget Review; U.S. Department of Education News; General News

Articles on: House Education and the Workforce Committee Passes CRA Resolution to Overturn SAVE Plan; Higher Education Groups Join Department of Education’s “SAVE on Student Debt” Week of Action; CFPB Report Finds College Tuition Payment Plans Can Put Borrowers at Risk; Michigan, Pennsylvania, Massachusetts Consider Making FAFSA Completion a Graduation Requirement; U.S. Department of Education News; General News

Articles on: NCHER Fall Legal Meeting: Register Today!; House, Senate Republicans Send Letter to Education Secretary Cardona Asking Questions on Methodology Used in Determining IDR Forgiveness; Senate HELP Committee Ranking Member Cassidy Releases White Paper on Artificial Intelligence, Includes Impact on Postsecondary Education; MN AG Announces Investigation Into Third-Party Debt Relief Companies Suspected of Scams; Strada Education Foundation Releases New Study Assessing Recent Community College; Students’ Views on Value of Education; U.S. Department of Education News; General News

Articles on: Weekly Rundown; NCHER Webinar on Federal Agenda - Fall 2023; Senate Returns From Summer Recess With Budget Deadline Looming; Education Under Secretary Kvaal Holds Call with Reporters on SAVE Plan Enrollment; Federal Student Loan Payment, Interest, Collections Pause Formally Ends; House, Senate Republicans Introduce Congressional Review Act Resolution to Overturn Income-Driven Repayment Plan; U.S. Department of Education News; General News

Articles on: NCHER Office Closed for Labor Day, Briefing Returns on Tuesday; NCHER Webinar on Federal Agenda - Fall 2023; Federal Student Aid Releases New Quarterly Reports, Finds $1.63 Trillion in Outstanding Loans; White House Sends Supplemental to Congress for Inclusion in CR, Includes Additional Funding for Student Aid Administration; Department of Education Releases Federal Register Notice Inviting Nominations for Federal Student Loan Forgiveness Rulemaking; Federal Court Issues Decision Reinstituting Ban on Collection Costs for Defaulted Federal Student Loans; Department of Education Announces Approval of $72 million in Borrower Defense Discharges for Former Ashford University Students; U.S. Department of Education News; General News

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Articles on: NCHER Webinar on Federal Agenda - Fall 2023; Department of Education Announces Launch of Promotional Campaign for New SAVE Plan; House, Senate Republicans Announce Plan to Introduce Legislation to Overturn New SAVE Plan Under CRA; Senate, House Democrats Send Letter to President Urging Swift Action on Federal Student Loan Forgiveness on Anniversary of Original Announcement; House Freedom Caucus Announces Opposition to Short-Term Funding Deal without Certain Conditions as End of Fiscal Year Approaches; U.S. Department of Education News; General News

Articles on: Weekly Rundown; CFPB Seeks Public Comments on New Student Loan Survey; CBO Releases Cost Estimates for Federal Credit Programs, Finds Student Loan Programs Will Cost Taxpayers $25 Billion in 2024; Politico Publishes Profile on House Education and Workforce Committee Chair Virginia Foxx; FTC Files Complaint Against Third-Party Debt Relief Companies Promising Help Under “Biden Loan Forgiveness” Plan; U.S. Department of Education News; General News

Articles on: NCHER Webinar on the Federal Agenda - Fall 2023; Federal Judge Dismisses Lawsuit Blocking Department of Education From Carrying Out Income-Driven Repayment Adjustment; FOMC Releases Minutes for July Meeting Where It Raised Interest Rates; U.S. Department of Education News; Member News; General News

Articles on: Weekly Rundown; Department of Education Begins Discharging Student Loans Under Income-Driven Repayment Adjustment Today as Lawsuit Looms; Department of Education Releases "Trends in Federal Student Loans for Graduate School" Report, Details Growth in Borrowering for Grad Programs; Federal Reserve Bank of New York Issues Quarterly Report on Household Debt and Credit, Finds Student Loan Debt Fell by $35 Billion; U.S. Department of Education News; Member News; General News

Articles on: Department of Education Launches Career-Connected High Schools Grants, Secretary Cardona Holds Event in Colorado; Federal Reserve Releases Consumer Credit Report for June, Finds Student Loan Volume Dropped in Second Quarter; New America Publishes Updated Varying Degrees Report, Finds Most Americans Believe Federal Government Should Fund Higher Education; Ipsos/Sallie Mae Release How America Pays for College Report; U.S. Department of Education News; Member News; General News

Articles on: Biden Administration Tells Appeals Court Biden v. Nebraska Has No Legal Bearing on Sweet v. Cardona; White House Releases Mid-Year Revision to President’s Budget Request, Reduces Federal Deficit Forecast Because of Supreme Court Ruling on Loan Forgiveness; Department of Education Announces New Chief of Staff; Alternative Reference Rates Committee Releases Readout of Recent Meeting, Members Note Smooth and Uneventful LIBOR Transition; U.S. Department of Education News; Member News; General News

Articles on: Senate Appropriations Committee Approves Labor, Health and Human Services, Education Appropriations Act; House Education and the Workforce Subcommittee Holds Hearing on Lowering Costs and Increasing the Value of Colleges for Taxpayers; Department of Education Discharges $130 Million in Student Loan Debt for Borrowers from CollegeAmerica; Sen. Warren Sends Letter to DOJ Asking for Update on Implementation of Bankruptcy Guidance; Federal Reserve Raises Federal Funds Rate by 25 Basis Points; U.S. Department of Education News; Member News; General News

Articles on: Weekly Rundown; House and Senate Hope to Make Progress on Spending Bills Before Beginning August Recess, Senate Appropriations Committee Plans to Markup Labor, HHS, ED Appropriations Act on ThursdayDepartment of Education Updates Preemption Standard for Federal Student Loans; FSA Issues New Guidance on Joint Consolidation Loan Separation Act; Intelligent Poll Finds Student Loan Forgiveness Prospect Led Borrowers to Increase Spending; U.S. Department of Education News; Member News; General News

Articles on: Weekly Rundown; House Passes National Defense Authorization Act, Includes New Deferment for Dislocated Military Spouses; House Appropriations Subcommittee Passes FY 2024 Labor, Health and Human Services, Education, and Related Agencies Appropriations Act; Education Groups React; Department of Education Announces Discharge of $39 Billion in Federal Student Loans by Implementing One-Time IDR Payment Count Adjustment; U.S. Department of Education News; General News

Articles on: Weekly Rundown; NCHER Webinar on the Department of Education’s New SAVE (Income-Driven Repayment) Plan, Register Today!; Department of Education Publishes Final Income Driven Repayment Rule in Federal Register; U.S. House Set to Consider National Defense Authorization Act, Includes New Deferment for Dislocated Military Spouses; FSA Adds Private Education Loans Form and Topics Page; Federal Reserve Releases Consumer Credit Report for May; House Education and the Workforce Committee Chairwoman Foxx Writes Op-Ed: The Dangers of the College Degree-for-All Mentality; U.S. Department of Education News; General New

Articles on: NCHER Offices Closed for Independence Day; Weekly Rundown; NCHER Welcomes New Officers, Board of Directors for Fiscal Year 2023-2024; SCOTUS Issues Decision in Nebraska v. Biden Striking Down Federal Student Loan Forgiveness Plan; Department of Education Announces “Plan B,” New Loan Forgiveness Approach through Negotiated Rulemaking, Finalizes New IDR plan, and Provides Year-Long On-Ramp for Return to Repayment; U.S. Department of Education News; General News

Articles on: NCHER, EFC, SLSA Submit Public Comments to CFPB on Policy Statement on Abusive Acts or Practices; White House Holds Briefing to Discuss Current Approach to Assisting Student Loan Borrowers; New Protect Borrowers Action Group Launches Campaign to Unseat House Republicans Opposed to Federal Student Loan Forgiveness; House Education and the Workforce Committee Chairwoman Foxx Sends Letter to Under Secretary Kvaal About His Statements to Congress; District Court Blocks Borrower Defense to Repayment for Career Colleges in Texas; CFPB Distributes $3.5 million to Consumers Impacted by Third-Party Debt Relief Company; U.S. Department of Education News; General News

Articles on: Supreme Court Set to Release Decisions on Federal Student Loan Forgiveness Cases Tomorrow; House Education and the Workforce Committee Chairwoman Foxx Sends Letter to Education Secretary Cardona Expressing Concern With Fraud Potential in Federal Student Loan Forgiveness Plan; Department of Education Considers “Safety Net” For Student Borrowers for Return to Repayment; ARRC Releases Meeting Readout for June 2023; CFPB Releases 2022 Fair Lending Annual Report to Congress; U.S. Department of Education News; Member News; General News

Articles on: Weekly Rundown; Supreme Court Could Issue in Nebraska v. Biden This Week as Court Term Nears End; House Appropriations Subcommittee Approves Financial Services Appropriations Act, Includes CFPB Reforms; U.S. Department of Education News; General News

Articles on: House Fails to Override President’s Veto of CRA Resolution Blocking Federal Student Loan Forgiveness Program; House Education and the Workforce Committee Holds Hearing on Transitioning to a Skills-Based Economy; FSA Releases New Quarterly Reports on the Federal Student Loan Program; House Republicans, Senate Democrats Submit Public Comments on Gainful Employment Rule; FCC Issues Proposed Rules to Require Revoking Consent for Calls and Texts; GAO Releases New Report Raising Concerns Over Department of Education’s FAFSA Modernization Effort; U.S. Department of Education News; General News

Articles On: Weekly Rundown; House Education and the Workforce Committee Republicans Send Letter to Education Secretary Detailing Concerns About Student Loan Forgiveness Fraud; White House OIRA Concludes Regulatory Review of New IDR Plan, Department Can Publish Final Rule; Bipartisan House Members Introduce Student Loan Refinancing Act; U.S. Department of Education News; General News

Articles On: House Education and the Workforce Committee Announces Hearing on Transitioning to Skills-Based Economy; House Republicans Introduce FAIR Act Providing for Restart of Payments, Preemption of State Servicing Laws, Streamlining of Repayment Plans, Additional Rehabilitation for Borrowers in Default; Senate Republicans Introduce Higher Education Reform Package Focused on Transparency, Repayment Plans, Grad PLUS; Senate HELP Committee Chair Sanders, Rep. Jayapal Introduce College for All Act; Department of Education Officially Announces Federal Student Loan Payments Will Restart in October; Department of Education Releases Federal Register Notice Extending Waivers for Guaranty Agencies, Details Sunset of COVID-19 Waivers and Flexibilities; House Higher Education Subcommittee Holds Hearing on Innovation; FTC Sends $3.3 Million to Consumers Harmed by Student Loan Debt Relief Scam; U.S. Department of Education News; General News

Articles On: Weekly Rundown; President Biden Vetoes CRA Resolution to Overturn Federal Student Loan Forgiveness Program; Senate Republicans Send Letter to Secretary Cardona Asking Him to Prepare Borrowers and Student Loan Servicers for Repayment Restart; CFPB Releases Update on Student Loan Borrowers as Payment Pause Set to Expire; SoFi Submits Joint Filing Dropping Challenge to the Department of Education’s Most-Recent Payment Pause Extension; CFPB Releases Issue Spotlight on the Use of Chatbots in Consumer Finance; CBO Releases Monthly Budget Review for May, Shows $48 Billion in Outlays for Department of Education; U.S. Department of Education News; General News

Articles On: NCHER Briefing Taking Traditional Publishing Break for Annual Conference; House Passes Fiscal Responsibility Act with Requirement to Restart Federal Student Loan Repayment, Senate Begins Debate Today; Senate Passes CRA Resolution to Nullify Federal Student Loan Forgiveness Plan, Heads to White House for Veto; ARRC Releases Statement on Last 30 Days Before the U.S. Dollar LIBOR Ends; U.S. Department of Education News; General News

Articles on: Weekly Rundown; White House and Speaker McCarthy Reach Deal to Raise Debt Ceiling, Includes Restart of Federal Student Loan Payments; Senate Prepares Vote on CRA Resolution Overturning Federal Student Loan Forgiveness, Repayment Pause; House Education and the Workforce Committee Members Begin “Formal Talks” on Legislation Expanding Pell Grants to Short-Term Programs; First Lady Jill Biden Gives Speech Promoting Educational Pathways Beyond Four-Year Degrees; ARRC Releases Read-Out of Recent Meeting Discussing Momentum Towards SOFR; U.S. Department of Education News; General News

Articles on: NCHER Annual Conference: Less Than 2 Weeks Away, Register Today!; House Passes Resolution Overturning Federal Student Loan Forgiveness Plan, Payment Pause; House Education and the Workforce Subcommittee Holds Hearing with Under Secretary Kvaal and FSA COO Cordray; Department of Education Sends Proposed Rule Creating New IDR Plan to OIRA for Review; House Republicans Sent Letter to Department of Education Requesting Information on Sweet v. Cardona Case; White House, Speaker McCarthy Continue Negotiations on Debt Ceiling; U.S. Department of Education News; General News

Articles on: Weekly Rundown; House Expected to Consider Resolution Nullifying Federal Student Loan Program This Week, White House Threatens Veto; Department of Education Releases Draft Pell Grant Look-Up Tables for 2024-25; White House, Congressional Leaders Slated to Meet Later Today Again on Raising Debt Ceiling; U.S. Department of Education News; General News

Articles on: NCHER Annual Conference: Hotel Cut Off is Today!; Department of Education Releases New Regulatory Package on Gainful Employment, Financial Value Transparency; House Education and the Workforce Committee Announces Second Hearing on Student Loan Policies; Department of Justice Files Motion to Dismiss SoFi's Lawsuit on Federal Student Loan Payment Pause; House Education and the Workforce Committee Holds Hearing with Secretary Cardona on FY2024 Budget; Department of Education Announces Sequestration Action on Loan Origination Fees; White House, Congressional Leaders Continue to Negotiate Legislation to Raise Debt Ceiling; U.S. Department of Education News; General News

Articles on: Weekly Rundown; House Republicans Send Letter to Education Secretary Cardona Questioning Change in Self-Certification for IDR Plans, Opens Door to Fraud; Mackinac Center for Public Policy Files Motion for Preliminary Injunction to Overturn Federal Student Loan Payment Pause; Federal Reserve Bank of New York Releases First Quarter 2023 Household Debt and Credit Report, Student Loan Balances Increase Slightly; New America Releases Report Showing Vulnerable Borrowers At Risk of Missing Out on Income-Driven Repayment Plans; U.S. Department of Education News; General News

Articles on: NCHER Annual Conference: Updated Program Agenda Released, Early Bird Deadline Extended Until Next Week!; House Education and the Workforce Committee Passes CRA Resolution to End Federal Student Loan Forgiveness Program, Payment Pause; Senate Appropriations Subcommittee Holds Hearing with Education Secretary Cardona, Commits Again to Starting Loan Repayment; White House, Congressional Leaders Continue to Negotiate on Framework to Raise the Debt Ceiling and Cut Spending; Department of Education Releases New Guidance on Spousal Joint Consolidation Loan Separations; AEI Releases Report on Conservative Solution for the Student Loan Crisis; U.S. Department of Education News; General News

Articles on: Weekly Rundown; House Education and the Workforce Committee to Markup Congressional Review Act Resolution on Federal Student Loan Forgiveness; Bipartisan Senators Introduce Educational Opportunity and Success Act; Department of Education Announces $42 Billion in Public Service Loan Forgiveness for More Than 615,000 Borrowers Since October 2021; Federal Reserve Releases Consumer Credit Report, Increased at 5.4 Percent in March; CBO Releases Monthly Budget Review for April; Gallup and Lumina Release State of Higher Education 2023 Report; U.S. Department of Education News; General News

Articles on:  White House Office of Information and Regulatory Affairs Completes Review of Department of Education’s New Regulatory Package on Gainful Employment; House Education and the Workforce Committee Announces Hearing on Workforce Development Programs; Federal Reserve Votes to Raise Federal Funds Rate by 25 Basis Points; Former President Donald Trump Lays Out Plan for Higher Education If He Wins in 2024; U.S. Department of Education News; Member News; General News

Articles on: Weekly Rundown; Department of Education Publishes Fact Sheet Estimating Potential Effects of Republican Legislation to Raise the Debt Ceiling, Cut Federal Spending; House Appropriations Committee Chairwoman Granger Outlines Markup Schedule for FY 2024 Bills; CFPB Seeks Approval to Conduct New Student Loan Survey; Bipartisan House Members Introduce Tax Free Pell Grants Act; Bipartisan Senators Reintroduce College Transparency Act; CFPB Issues Interim Final Rule to Facilitate Orderly Wind-Down of LIBOR; Department of Education Announces One-Year Extension of HEERF Spending on a Case-By-Case Basis; U.S. Department of Education News; General News

Articles on:  House Passes Limit, Save, Grow Act to Raise Debt Ceiling, Includes Student Loan Provisions; House Education and the Workforce Committee Republicans Send Letter to the Department of Education Questioning Readiness for Student Loan Repayment Restart; Treasury’s Financial Literacy and Education Commission Holds Meeting, Releases Updated Higher Education Financial Education Resources; Media Reports Highlight FSA Funding Shortages Will Result in Cuts to Services to Student Loan Borrowers; FSA Issues Awards to Multiple Servicers to Carry Out USDS Solicitation; Department of Education Releases New College Scorecard Tool to Help Students With College Decisions; National Student Clearinghouse Research Center Releases Updated Report on Students With Some College, No Credential; U.S. Department of Education News; General News

Articles On:  Weekly Rundown; House Appropriations Chair Granger Announces Intent to Start Moving on Appropriations Bills in May, Based on FY 2022 Spending Levels; ARRC Releases Readout of Recent Meeting Discussing Continued Momentum Toward SOFR, Away from LIBOR; U.S. Department of Education News; General News

Articles On: NCHER Sends Letters to House and Senate Appropriations Committees in Support of AMF Extension; House Republicans Introduce Legislation Raising Debt Ceiling, Includes Spending Cuts to Block Federal Student Loan Forgiveness Plan and Payment Pause; House Appropriations Subcommittee Holds Hearing with Education Secretary Cardona; House Democrats Send Letter Urging Short-Term Pell Grants be Available to Students at For-Profit Institutions; U.S. Department of Education News; General News

Articles On: Weekly Rundown; SCOTUS Issues Decision Denying Request to Block Borrower Defense to Repayment Settlement; Department of Education Announces Second Chance Pell Institutions Can Re-Up Participation in Experimental Sites Initiative; Brookings Institution Releases Report on Return to Repayment; U.S. Department of Education News; General News

Articles On: NCHER Annual Conference: Draft Program Agenda Just Released!; House Appropriations Committee Announces Budget Hearing With Education Secretary Cardona Next Week; Department of Education Announces Delay in Third-Party Servicer Guidance; Biden Administration Requests Supreme Court to Reject Emergency Request to Block Class-Action Borrower Defense Settlement; Department of Education Sends Letter to College Presidents about FAFSA Implementation; Department of Education Holds Virtual Meetings with Stakeholders on Third Regulatory Agenda; Bipartisan Senators Reintroduce Making Education Affordable and Accessible Act; U.S. Department of Education News; General News

Articles On: NCHER Briefing Publishing on Abbreviated Schedule This Week; Weekly Rundown; Republican Attorneys General Urge Supreme Court to Hear Student Loan Forgiveness Case; Department of Education to Hold Public Hearings to Begin Negotiated Rulemaking Session, Seeks Input on Third-Party Servicing and Forbearances; Democrats Send Letter to Senate Appropriations Committee Urging Increased Funding for FSA; Federal Reserve Releases Consumer Credit Report, Shows Increase of 3.8 Percent for February; CBO Releases Monthly Budget Review for March 2023; U.S. Department of Education News; General News

Articles On: Colleges Request Supreme Court to Halt Class-Action Settlement in Sweet v. Cardona; 2U Sues Department of Education Over Third-Party Servicer Guidance; FSA Publishes FFELP SAP Rates for First Quarter-2023; McKinsey Releases New  Report on Higher Education Sector and American Competitiveness; U.S. Department of Education News; General News

Articles On: Special Announcement; Weekly Rundown; CFPB to Distribute More Than $4.7 Million to Consumers Impacted by Nationwide Student Financial Aid Scam; WSJ Poll Finds Americans Are Losing Faith in College Education; CFPB Issues Guidance to Address Abusive Conduct in Consumer Financial Markets; First Lady Jill Biden Visits Michigan and Colorado to Support the Biden Administration’s “Beyond High School” Platform; U.S. Department of Education News; General News

Articles On: NCHER Spring Legal Meeting: Three Weeks Away, Register Today!; Federal Student Aid Posts Quarterly Portfolio Reports to FSA Data Center, Includes Information on Loan Volume, Delinquency and Default Rates; 9th Circuit Issues Ruling Against Colleges’ Attempt to Halt Sweet v. Cardona Settlement; ACE Sends Public Comments to Department of Education Expressing Concern with Dear Colleague Letter on Third-Party Servicing; Bipartisan Group of Senators Introduce Student Loan Tax Elimination Act; House and Senate Democrats Reintroduce Loan Forgiveness for Educators Act; Department of Education Releases Memo to State Higher Education Agencies and Institutions on End of Pandemic Authority and Its Impact on SNAP; U.S. Department of Education News; General News

Articles On: Moderate Senate Democrats Refuse to Commit to Voting for or Against CRA Resolution to Block Federal Student Loan Forgiveness Program; National Student Clearinghouse Data Finds Community College Enrollments Showed Uptick In Spring 2023; U.S. Department of Education News; General News

Articles On: NCHER Annual Conference to be Held June 5-7, 2023 in Fort Lauderdale: Register Today!; FSA Releases Draft of Federal Student Aid Application Materials, Will Receive Public Comment Until May 23rd; Durbin-Krishnamoorthi Introduce Protecting Students From Worthless Degrees Act; U.S. Department of Education News; General News

Articles On: Weekly Rundown; Senate Republicans Introduce Legislation Using CRA to Overturn Department of Education’s Federal Student Loan Forgiveness Plan; Sen. Warren Sends Letter to Department of Education Urging Stronger Accountability for Institutions, Includes Recommendation on Fair Lending; U.S. Department of Education News; General News

Articles On: NCHER Webinar on the Department of Education’s Dear Colleague Letter on Third Party Servicers; House Higher Education and Workforce Development Subcommittee Holds Hearing on Department of Education’s Student Loan Policies; Higher Education Advocacy Groups Sign Letter Urging Congress to Double Pell Grant; Department of Education Announces Public Hearings on Higher Education Negotiated Rulemaking; Second Circuit Issues Decision Upholding Funding Structure of the CFPB, Says “Cannot Find Any Support” for Fifth Circuit Ruling; CFPB Announces $11 Million for Consumers Harmed by Third-Party Debt Relief Operation; U.S. Department of Education News; General News

Articles On: FSA Announces Roadmap, Date Range for 2024-2025 FAFSA Launch; Senate Appropriations Subcommittee Hears Budget Testimony from Treasury Secretary Janet Yellen; Federal Reserve Holds FOMC Meeting, Raises Interest Rates Another 0.25 Percent; House Subcommittee on Higher Education and Workforce Development Releases Witness List for Hearing on Federal Student Loan Policies; U.S. Department of Education News; General News

Articles On: NCHER Spring Legal Meeting: Preliminary Agenda Now Available; CFPB Issues Final Rule Making Minor Changes to Regulations F and Z; U.S. Department of Education News; General News