Archive for the ‘Spark Notes’ Category

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…

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…

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