Archive for the ‘Spark Notes’ Category

November 2, 2020 · by mlivolsi · Spark Notes

The Consumer Financial Protection Bureau today made public its final regulations changing Regulation F, implementing the Fair Debt Collection Practices Act.  The press release put out by the Bureau is below.  The regulations can be found here.  The regulations will take effect one year from when they are published in the Federal Register; that is…

August 31, 2020 · by mlivolsi · Spark Notes

COHEAO Members, To aid our work with Congress on COVID-19 relief policies and their impact on Perkins loans, we have created a survey to better understand the actions and circumstances that colleges and universities across the country are facing with their loan portfolios during this public health emergency. The survey results will remain confidential and…

August 10, 2020 · by mlivolsi · Spark Notes

To: COHEAO MembersFrom: COHEAO Washington Office President Trump issued an executive order, pasted below, that extends the pause in payments of Department of Education held loans through the end of the year. It does not apparently affect school-held Perkins or HHS loans. Memorandum on Continued Student Loan Payment Relief During the COVID-19 Pandemic EDUCATIONIssued on:…

July 17, 2020 · by mlivolsi · Spark Notes

As you’re aware, the COVID-19 Perkins Loan Relief Act (H.R. 7294) was recently introduced in the House of Representatives by Rep. Katie Porter (D-CA). We know that this legislation creates significant concerns for both our institutional and commercial members and the bill does not seem to acknowledge the unique nature of the Perkins Loan program….

July 10, 2020 · by mlivolsi · Spark Notes

The Department of Education, Office of Federal Student Aid, has just provided the following information in response to COHEAO requests for guidance with regard to providing interest relief to Perkins Loan borrowers.  We wanted to share it with you as soon as possible. Thank you for your inquiry.  As noted in our April 3, 2020…

June 12, 2020 · by mlivolsi · Spark Notes

The U.S. Department of Health and Human Services (HHS) through the Health Resources and Services Administration (HRSA) recently released the following information regarding administrative forbearance for the health professions student loan and Nurse Faculty Loan programs during the COVID-19 pandemic: In light of the COVID-19 national emergency, the Health Resources and Services Administration (HRSA) is…

May 14, 2020 · by mlivolsi · Spark Notes

The Health Resources and Services Administration (HRSA), an office of the U.S. Department of Health and Human Services (HHS), has released information regarding Health Profession and Nurse Faculty Loan programs and their eligibility for the interest fee waiver and administrative forbearance options that have been announced by the Trump Administration and provided through the CARES…

April 19, 2020 · by mlivolsi · Spark Notes

This week, a group of 25 FFELP lender/service associations, student borrower advocacy groups, and consumer groups sent a letter to Congressional leadership urging them to extend provisions relating to student loans in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to borrowers of Federal Perkins loans and participants in the Federal Family Education Loan…

April 9, 2020 · by mlivolsi · Spark Notes, Uncategorized

COHEAO has been fighting to restore the Perkins Loan servicing Administrative Cost Allowance (ACA) since 2018. Our organization was successful in getting provisions included in both the Fiscal Year 2019 and 2020 annual appropriations bills giving the Department of Education (ED) the authority to cover the expenses schools incur by servicing their existing Perkins Loan…

April 3, 2020 · by mlivolsi · Spark Notes

Congress recently passed emergency legislation called the CARES Act, which provides many benefits to help federal student loan borrowers during this challenging time. Unfortunately, that legislation only applies to loans that are “federally held” and does not extend to borrowers with Perkins loans being serviced at the school level. In an effort to provide maximum…

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