Archive for the ‘Spark Notes’ Category

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…

September 19, 2019 · by mlivolsi · Spark Notes

The Senate Appropriations Committee has just made public its version of legislation funding the Department of Education in Fiscal Year 2020, which begins on Oct. 1, 2019.  The legislation, like the version passed by the House of Representatives earlier this year, again includes authorization for the Department to pay institutions to service Perkins Loans.  Since…

September 11, 2019 · by mlivolsi · Spark Notes

After years of advocacy from COHEAO, earlier today, the Department of Education (ED) posted a notice, “Distribution of Assets from the Perkins Loan Revolving Fund and the Reimbursement for Perkins Service Cancellations,” announcing that ED has determined it has the authority to reimburse institutions for their institutional share of Perkins Loan Service Cancellations. The notice…

June 26, 2019 · by mlivolsi · Spark Notes

Yesterday, June 25, 2019, the House Judiciary Subcommittee on Anti-Trust, Commercial and Administrative Law held a hearing, “Oversight of Bankruptcy Law and Legislative Proposals.” The hearing was billed as covering several pieces of legislation, but about 75 percent of the testimony and questions by Subcommittee members was about making it easier to discharge student loans,…

May 30, 2019 · by mlivolsi · Spark Notes

On Friday, May 24, the Department of Education (ED) posted an announcement, “Federal Perkins Loan Program – Delay of Revolving Fund Distribution of Assets” that clearly shows ED leaders are planning to allow institutions to be reimbursed for their share of cancelled loans. In the notice, ED said it decided to halt a required distribution…

March 21, 2019 · by mlivolsi · Spark Notes

March 20, 2019 COHEAO and others have been talking to the Department of Education and Congress about the obligation under the Higher Education Act for the Department to reimburse institutions for their share of cancelled Perkins loans.  With no new loans being made and the Department in the process of winding down the program, this…

March 8, 2019 · by mlivolsi · Spark Notes

Dear Valued Colleague: While hearings are being scheduled and Congressional priorities established for reauthorization of the Higher Education Act (HEA), several Members of Congress have expressed their bi-partisan support of COHEAO’s proposal for a “21st Century” version of the expired Federal Perkins Loan Program. COHEAO has been asked to conduct a poll designed to measure support…

February 8, 2019 · by mlivolsi · Spark Notes

Prepared by: Greg Marak (gmarak@bosewashingtonpartners.com) February 8, 2019 This week, Senate HELP Committee Chairman Lamar Alexander gave an address at the American Enterprise Institute (AEI) outlining his objectives with regard to the reauthorization of the Higher Education Act (HEA), which he would like to introduce by spring of this year so it can become law…

November 28, 2018 · by mlivolsi · Spark Notes

Prepared by: Greg Marak (gmarak@bosewashingtonpartners.com) and Jared Solomon (jsolomon@bosewashingtonpartners.com) November 27, 2018 At the 2018 Federal Student Aid (FSA) Training Conference in Atlanta this week, the Department of Education’s Director of Policy Liaison and Implementation Jeff Appel announced that the Department plans to delay the recall of Federal Perkins Loan funds for the time being…

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