DAILY BRIEFING

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: 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

Articles On: Weekly Rundown; Senate Appropriations Committee Announces Hearing Schedule for FY 2024 Process; Education Secretary Cardona Slated to Testify in May; GAO Releases Decision Determining Federal Student Loan Forgiveness Program Subject to Congressional Review Act; Department of Education Updates Language on One-Time IDR Account Adjustment; House Appropriations Committee Ranking Member DeLauro Receives Letter Detailing Impact of Cutting Federal Spending to 2022 Levels; ARRC Statement on Implementation of Hard-wired Fallback Language; U.S. Department of Education News;  General News

Articles on: NASFAA, NCAN, NASSGAP, Others Write Letter to FSA Raising Concerns with FAFSA Implementation; ARRC Readout Reports Continued Transition to SOFR; CFPB Announces Heightened Scrutiny of Collection of Payments on Discharged Student Loans; House Subcommittee on Higher Education and Workforce Development Announces Hearing on Federal Student Loan Policies; FCC Approves Rules to Stem Unwanted Robocalls and Robotexts; U.S. Department of Education News; General News

Articles on: Senate Budget Committee Holds Hearing on President’s Budget Request with OMB Director; CFPB Releases FY 2022 Annual Report on Financial Literacy; U.S. Department of Education News; General News

Articles on: NCHER Webinar on the Department of Education’s Dear Colleague Letter on Third Party Servicing; The Department of Education Releases New Audit Guide for Third Party Servicers; Department of Education Announces “Secret Shopper” to Investigate Colleges; U.S. Department of Education News; General News

Articles on: Weekly Rundown; CBO Releases New Estimate on Department of Education’s Proposed Rule on IDR, Would Raise Costs By $230 Billion; House Education Committee Ranking Member Scott Introduces Jobs to Compete Act; Community College Research Center Releases Report on Increases in Dual Enrollment; ARRC Welcomes Official Launch of LIBOR Replacement Index Communication Tool; U.S. Department of Education News; General News

Articles on: NCHER Spring Legal Meeting to be Held on April 20th: Register Today!; White House Releases President’s Budget Request for FY 2024, Seeks 14 Percent Increase in Education Spending; House Education and the Workforce Committee Democrats Reintroduce LOAN Act; House Financial Services Committee Republicans Introduce Legislation to Reform CFPB’s Funding and Structure; House Financial Services Subcommittee Holds Hearing on CFPB Reform; U.S. Department of Education News; General News

Articles on: NCHER Webinar on the Department of Education’s Dear Colleague Letter on Third Party Servicing; House and Senate Democrats Send Letter to White House in Support of Federal Student Loan Forgiveness Plan; CFPB Releases Special Supervisory Report on Junk Fees, Identifies Problems with Student Loan Servicing; House Financial Services Committee Holds Hearing with Federal Reserve Chair Powell; Federal Reserve Releases Beige Book, Finds Economic Activity Increased in Early 2023 But Loan Demand Declined and Credit Standards Tightened; Education Assistant Secretary Says President’s Budget Request Expected to Address Research and Development; U.S. Department of Education News; General News

Articles on: SoFi Files Lawsuit Against the Department of Education Challenging Federal Student Loan Repayment Pause; Senate Banking Committee Holds Hearing with Federal Reserve Chairman Powell, Inflation and Interest Rate Hikes Are Primary Focus; Federal Reserve Releases Consumer Credit Report, Shows Increase of 3.7 Percent for January; California Department of Financial Protection and Innovation Releases Second Modification to Rules Implementing Student Loan Servicing Act; U.S. Department of Education News; General News

Articles on: Weekly Rundown; Department of Education Begins Forgiving Some Federal Student Loans Under Sweet v. Cardona Settlement; CSAC Releases New Report Showing Undocumented Students Struggle with State Financial Aid; U.S. Department of Education News; Member News; General News

Articles on: Join the NCHER Board of Directors and Play a Leadership Role on Higher Education Finance, Run for Chair-Elect or Director at-Large!; Department of Education Releases New Guidance on Personal Liability of College and University Leaders; House Education and the Workforce Committee Republicans Reintroduce College Cost Transparency and Student Protection Act; WICHE Releases New Report Showing K-12 Enrollment Lags Led to Fewer Students Attending College; U.S. Department of Education News; General News

Articles on: Supreme Court Hears Oral Arguments in Case Challenging Federal Student Loan Forgiveness Program; House Education and the Workforce Committee Chair Foxx Sends Letter to Education Secretary Cardona on Final Cost Estimates of Federal Student Loan Forgiveness Plan; Department of Education Announces Delay in Third Party Servicer Guidance Effective Date, Extends Comment Period; For-Profit Schools Sue to Block Department of Education’s New Borrower Defense to Repayment Rules; NASFAA Releases New Survey Highlighting Barriers to FAFSA Simplification; U.S. Department of Education News; General News

Articles on: Weekly Rundown; Supreme Court Prepares to Hear Oral Arguments on Federal Student Loan Forgiveness Plan; Supreme Court Announces Hearing on Case Challenging CFPB Funding; Department of Education’s NACIQI Holds Winter Meeting Tomorrow; Third Way Releases Report on Higher Education Outcomes; U.S. Department of Education News; General News

Articles on: Join the NCHER Board of Directors and Play a Leadership Role on Higher Education Finance, Run for Chair-Elect or Director at-Large!; Department of Education Releases Data Showing Majority of Student Loan Forgiveness Applicants are from Democrat-led Districts; Common App Releases New Data on College Applications; Public Comments on Low Value Programs Show Higher Education Groups Open to Changes While Others Oppose; Federal Reserve Releases Minutes Pointing to Modest Growth in Spending But Continued Concern About Inflation; U.S. Department of Education News; General News

Articles on: NCHER Daily Briefing Publishing on Abbreviated Schedule This Week; Weekly Rundown; Department of Education Releases New Data on Borrowers Seeking Federal Student Loan Forgiveness; Department of Education Sends Remaining Federal Regulations to White House for Review; AEI Releases Student Debt Forgiveness Tracker, Finds $255 Billion in Lost Federal Revenue; Washington Post: Nearly 47,000 Borrowers Have Been in Repayment for 40 Years; U.S. Department of Education News; General News 

Articles on: NCHER Office Closed for Presidents’ Day, Daily Briefing Resumes on Tuesday; NY Fed Releases Quarterly Household Debt and Credit Report; Solicitor General Files Brief in Federal Student Loan Forgiveness Case; Interest Groups and Officials React to Department of Education’s Third-Party Servicer and OPM Guidance; CCRC Publishes New Report on Cost of Dual Enrollment in Community Colleges; U.S. Department of Education News;General News

Articles on: Join the NCHER Board of Directors and Play a Leadership Role on Higher Education Finance, Run for Chair-Elect or Director at-Large!; State AGs Send Letter to Department of Education Supporting IDR Plan; DOJ Updates Attestation Form for Bankruptcy Discharge; CFPB Releases Report Finding Decline in Collections Items on Consumer Credit Reports; U.S. Department of Education News; General News

Articles on: Department of Education Issues New Guidance on Third-Party Servicers, Announces New Effort Around Online Program Management Companies Democratic Senators Send Letter to Department of Education on Low-Financial Value Postsecondary Programs Senate Appropriations Committee Releases Subcommittee Assignments ARRC Releases Readout of Recent Meeting, Shows Continued Transition to SOFR CBO Releases Reports on Budget and Economic Outlook and Federal Debt Ceiling Limit U.S. Department of Education News General New

Articles on: Weekly Rundown; Congressional Republicans, Democrats Submit Comments on New Income-Driven Repayment Plan Committee for Responsible Federal Budget Releases Blog Post on Cost of New Income-Driven Repayment Plan Fitch Ratings Releases Report on FFELP and Private Student Loan ABS Defaults and Prepayments U.S. Department of Education News General News

Articles on: SAVE THE DATE: NCHER Annual Conference to be Held June 5-7, 2023 in Ft Lauderdale, FL!; NCHER-EFC-SLSA Submit Public Comments on Department of Education’s Proposed Rule on New Income-Driven Repayment Plan; Congressional Republicans, Former Officials, and Groups Weigh in with Supreme Court on Federal Student Loan Forgiveness Plan; Cassidy, Foxx Send Letter to Department of Education Opposing New Income-Driven Repayment Plan, Requesting Extension of Public Comment Period; House Budget Committee Releases List of Spending Cuts for Inclusion in Debt Limit Legislation, Includes Higher Education Provisions; President Biden Delivers Second State of the Union Address; House Education and the Workforce Committee Holds First Hearing, Members Lay Out Key Policy Priorities; FSA Official Declines to Commit to October 1st Launch Date for Simplified FAFSA; Center for Retirement Research Releases New Report on How Student Debt Affects Retirees; U.S. Department of Education News; General News

Articles on: NCHER Daily Briefing Takes Publishing Break for the Legislative and Leadership Conference, Resumes Next Thursday;Legislative and Leadership Conference: Final Program Agenda Released, Still Time to Register!; House Education and the Workforce Committee Announces First Hearing on “American Education in Crisis”; Department of Education Report Shows How COVID-19 Relief Funds Spent By Universities; National Student Clearinghouse Research Center Report Says Undergraduate Freshman Enrollment Begins to Stabilize; U.S. Department of Education News; General News

Articles on: NCHER Legislative and Leadership Conference: Preview of “Examining State Policy Impacting Higher Education Finance” Session, Still Time to Register!; House Appropriations Committee Ranking Member DeLauro Announces Democratic Subcommittee Rosters; Federal Reserve Completes Two-Day Meeting, Raises Interest Rates by 0.25 Percentage Points; House Democrats Introduce Bill to Assist Student Loan Borrowers Once Payment Pause Ends; Kaine, Braun Introduce JOBS Act to Expand Pell Grant Eligibility to Students in Job Training Programs; U.S. Department of Education News; General News

Articles on: NCHER Legislative and Leadership Conference – Preview of “Enrollment Trends in Postsecondary Education” Session, Still Time to Register!; White House Announces Budget Request to be Released on March 9; President Biden Announces End of Pandemic Declaration, Administration Officials Say No Impact on Federal Student Loan Policies; House Education and the Workforce Committee Holds Organizational Meeting, Releases Subcommittee Assignments; NCAN Report Finds Nearly $3.6 Billion Left Unclaimed in Pell Grants; U.S. Department of Education News; Member News; General News

Articles on: NCHER Legislative and Leadership Conference: Preview of “Observations from College and University Leaders” Session, Register Today!; Weekly Rundown; Penn Wharton Releases Analysis Finding Proposed Rule on IDR Cost More than Twice as Much as Department of Education Estimate; House Appropriations Committee Chair Granger Releases Subcommittee Assignments; States Challenging Federal Student Loan Forgiveness Program File Brief with Supreme Court; Department of Education Releases New Data on Applications for Federal Student Loan Forgiveness Program; House Education and the Workforce Committee Ranking Member Scott Releases List of Democratic Members; FSA Releases Federal Pell Grant Payment and Disbursement Schedules; U.S. Department of Education News; Member News; General News

Articles on: NCHER Legislative and Leadership Conference: Preview of “Managing During Uncertainty” Session, Register Today!; Department of Education Releases Financial Report, Auditors Criticize Estimate of Federal Student Loan Forgiveness Cost; FSA Releases Annual Report, Says Transitioning Borrowers Back Into Repayment Will Be “Huge Undertaking”; House Republicans Introduce Promoting Employment and Lifelong Learning Act, Promotes Short-Term Pell Grants; Alternative Reference Rates Committee Releases Readout of January Meeting, Discusses LIBOR Transition; U.S. Department of Education News; Member News; General News