Archive for the ‘Spark Notes’ Category

December 15, 2017 · by mlivolsi · Spark Notes

Written by: Greg Marak (gmarak@wpllc.net) December 14, 2017 On December 1, 2017, House Education and the Workforce Republicans, led by Chairwoman Virginia Foxx (R-NC) unveiled their comprehensive Higher Education Act (HEA) reauthorization proposal. This week, after amendments were added and voted on, the bill cleared the committee in a vote along party lines, 23-17. A…

December 15, 2017 · by mlivolsi · Spark Notes

Written by Wes Huffman (whuffman@wpllc.net) December 12, 2017 Written by Wes Huffman (whuffman@wpllc.net) Today, the House Education and the Workforce Committee is marking up the Promoting Real Opportunity, Success and Prosperity through Education Reform (PROSPER) Act (H.R. 4508), the House Republicans plan to address the Higher Education Act.  In advance of the markup, COHEAO sent…

October 26, 2017 · by mlivolsi · Spark Notes, Uncategorized

October 24, 2017 Written by Wes Huffman (whuffman@wpllc.net) Following the expiration of the authority to make new Perkins Loans on October 1, COHEAO has received several inquiries regarding loan disbursements, the path forward for Perkins, and other related matters. Below is COHEAO’s guidance regarding the inquiries we have received to date: For students with loans…

October 12, 2017 · by mlivolsi · Spark Notes

October 6, 2017 Written by Wes Huffman (whuffman@wpllc.net) The U.S. Department of Education today released a dear-colleague letter regarding the wind-down of the Federal Perkins Loan Program. It provides information on the expiration of authority to make new Perkins loans, the distribution of assets of institutions’ Federal Perkins Loan Revolving Fund, and the assignment of…

October 2, 2017 · by mlivolsi · Spark Notes

September 29, 2017 Written by  Wes Huffman (whuffman@wpllc.net) The Perkins Loan Program is set to expire tomorrow. However, the program has expired in the past, only to be revived at a later date.  In 2015, the Perkins Loan Program expired on September 30, only to be revived in December of the same year.  COHEAO and…

September 22, 2017 · by mlivolsi · Spark Notes

As you are aware, the Federal Perkins Loan Program is scheduled to expire September 30, 2017.  As was the case in 2015, there is another opportunity for Congress to pass an extension so that the future of Perkins can be considered during the HEA reauthorization. Two years ago, our success resulted from the hard work…

September 15, 2017 · by mlivolsi · Spark Notes

September 15, 2017 Written by Greg Marak (gmarak@wpllc.net) This week, S. 1808 was introduced to extend the Perkins Loan Program for two years. The bill is identical to the House bill, according to its sponsors.  It was introduced by Senators Tammy Baldwin (D-WI), Rob Portman (R-OH), Bob Casey (D-PA) and Susan Collins (R-ME). Cosponsoring the bill…

September 15, 2017 · by mlivolsi · Spark Notes

September 11, 2017 Written by Greg Marak (gmarak@wpllc.net) The Department of Education’s Office of Federal Student Aid announced that it will delay the collection of Excess Liquid Capital (ELC) from the Perkins Loan Revolving Fund until after the eCampus-Based system has converted to the Common Origination and Disbursement (COD) platform in 2018. The announcement indicates…

August 31, 2017 · by mlivolsi · Spark Notes

Today, the Department of Education released an updated version of its “Guidance for helping Title IV participants affected by a major disaster” Dear Colleague Letter.  Below is the guidance relating to the Campus-Based Programs generally and Perkins Loan specifically. The announcement and the full letter from the Department of Education are also available online. General…

August 29, 2017 · by mlivolsi · Spark Notes

The Perkins Loan Program is in jeopardy with expiration on the horizon and the HEA reauthorization process stalled.  It’s a familiar challenge, but also one we have faced and conquered many times.  As was the case in 2015, there is another opportunity for Congress to pass an extension. Two years ago, our success resulted from…

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