Archive for the ‘Spark Notes’ Category

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…

March 18, 2020 · by mlivolsi · Spark Notes

COHEAO Members, Attached please find a press release from META, a Ceannate Company. Ceannate’s collection arm, Financial Management Services (FMS) is a commercial member of COHEAO and META is an online platform that provides students with free connections to mental healthcare providers. The following is from the press release: The META platform has its own…

January 21, 2020 · by mlivolsi · Spark Notes, Uncategorized

COHEAO is excited to announce this timely webinar, FREE for members, $49 for non-members on Thursday, January 30th at 2PM ET:  Q&A With Industry Experts on Perkins Loan Assignment and the Distribution of Assets Process Webinar Date & Time:  Thursday, January 30, 2:00 PM ET Do you have questions about Perkins Loan Assignments and the…

January 10, 2020 · by mlivolsi · Spark Notes

Dear COHEAO Members, As many of you know, the College Affordability Act (CAA) that passed out of the House Education and Labor Committee last fall included a new Direct Perkins Loan Program, a version of the previous Perkins Loan program. While we are supportive of the idea behind this proposal, it has a serious flaw…

December 4, 2019 · by mlivolsi · Spark Notes

Secretary of Education Betsy DeVos today told a gathering of 5,000 financial aid administrators in Reno, Nevada that the federal student aid system is an “untamed beast” that cannot fulfill its mission because of the structure of the programs set up by Congress.  She called for drastic structural reforms, saying she wants the entire Office…

November 1, 2019 · by mlivolsi · Spark Notes

Dear COHEAO Members, Below please find a link to a memo prepared by Bose Public Affairs Group staff summarizing this week’s House Education and Labor Committee’s markup of H.R. 4674, introduced by Chairman Bobby Scott (D-VA) to revise the Higher Education Act (HEA).  After a markup proceeding that was spread across three days, the Committee…

November 1, 2019 · by mlivolsi · Spark Notes

COHEAO is thrilled to announce that registration is now open for the 2020 Annual Conference, February 11-12 on the University of California’s Washington Center and at the Capitol in Washington, D.C.! Register today! What is the COHEAO Annual Conference? The must-attend event for student financial services professionals on campus and their vendor partners who are…

October 24, 2019 · by mlivolsi · Spark Notes

As you may know, last week, Rep. Bobby Scott, Chair of the Education & Labor Committee, and House Democrats introduced the College Affordability Act (HR 4674), their latest attempt at reauthorizing the Higher Education Act (HEA). Full text can be found here: Bill Text: https://edlabor.house.gov/imo/media/doc/REINTRO_xml.pdf (Sections on Perkins are Sec. 4304 Pg. 537- Pg. 538…

October 18, 2019 · by mlivolsi · Spark Notes

Federal Student Aid (FSA) has posted a notice, “Perkins Loan Program – Federal Perkins Loan Revolving Fund Distribution of Assets and Timelines for 2019–20.”  The announcement is pasted below, and attached. If you have any questions, please email Harrison Wadsworth, Jared Solomon, or Greg Marak. ******** Under Section 466(b), of the Higher Education Act of…

September 26, 2019 · by mlivolsi · Spark Notes

COHEAO recommends that all institutions review their Perkins loan portfolio and confirm that procedures are in place to ensure all defaulted accounts receive at least a yearly attempt to collect the debt.  If during this review, institutions identify accounts that have not been worked adequately, immediately begin collection activity either internally or via a third-party…

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