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The Department of Education (the Department) determined that it has the authority to reimburse institutions the institutional share of Perkins Loan Service Cancellations from the Perkins Fund.  Click here to read the electronic announcement

The Department of Education (the Department) has made the new FAA Tool Kit, available on the Federal Student Aid E-Training website.  This tool kit offers quick access to Federal Student Aid resources, reference guides, and training material.  Click here to read the Dear Colleague Letter

Volume 5 - Withdrawals and the Return of Title IV Funds of the 2019-2020 Federal Student Aid Handbook are now available.

To access the 2019-2020 Federal Student Aid Handbook, click here

National Credit Union Administration (NCUA) releases data on the financial performance of federally insured credit unions in the quarter ending June 30, 2019. To access the Q2 2019 Credit Union System Performance Data, click here

To access Volume 3 - Calculating Awards and Packaging of the 2019-2020 Federal Student Aid Handbook, click here

To access the 2019-2020 Federal Student Aid Handbook, click here

On September 17, 2019, COHEAO is hosting a one-day workshop at Wellesley College, located in the greater Boston area.  This workshop will feature experts who will use interactive presentations to dive into key topics that impact campus administrators:

  • Trends in Accounts Receivable
  • Prior Term Loans
  • Developing and Managing Institutional Loans
  • Innovations in Tuition Payment Plans
  • Best Practices in Third-Party Collections

The workshop approach means participants will have a chance to ask detailed questions and have a conversation with the presenters and other participants. The cost is low, so bring your colleagues!

Register today! 

The charts show the variable interest rates applicable to the Federal Stafford, Federal SLS, Federal PLUS, and Federal Consolidation loan programs for the period July 1, 2019 –June 30, 2020. Click here for details 

The Department of Education has decided not to require a distribution of assets from the institution’s Perkins Fund for the 2018–19 Award Year. Click here to read more

In a notice dated May 23, 2019, FSA published information on “Interest Rates for Direct Loans First Disbursed Between July 1, 2019 and June 30, 2020.” Click here for more

The Consumer Financial Protection Bureau recently posted a blog outlining its Spring 2019 Rulemaking Agenda as part of the Spring 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the White House Office of Management and Budget. Click here for the full blog post

The Department of Education’s (ED) College Scorecard this week was updated to include program-level student debt data as well as new information on 2,100 additional postsecondary education options and more information on graduation rates. Click here the full announcement

As work continues to reach an agreement on standard terminology and format for financial aid offers, the U.S. Department of Education offered the following guidance on what schools should avoid when issuing financial aid offers. Click here to get the recommendations.

Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act in May, 2018.  Additional amendments related to veterans' medical debts go into effect May 24, 2019.  Click to read more.

NCUA recently linked to an article discussing the CFPB's Release of their Small Entity Compliance Guide Summarizing the Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule. Click to read more

The CFPB and FTC have published their annual Fair Debt Collection Practices Act (FDCPA) report to
Congress. The report, which the Bureau and FTC are statutorily required to produce, summarizes various
trends in debt collection in numerous markets. Click to read more

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. Click to read more

Colleen Campbell, Director, Postsecondary Education for Center for American Progress joins NACUBO’s Bryan Dickson to talk about the Department of Education’s Federal Student Aid proposed payment vehicle and the myStudentAid app. Click to read more

CUNA has called on the CFPB to revise its rule to ensure credit unions are able to continue offering short-term, small-dollar lending options for members in need, and is currently analyzing the proposal. Read more

In this announcement, Federal Student Aid provides specific information to assist your school in reconciling the Federal Pell Grant (Pell Grant) Program. Click to read more

If you made federal student loan payments in 2018, you may be eligible to deduct a portion of the interest paid on your 2018 federal tax return. Click here to learn how these things can benefit you.

In a recent Dear Colleague Letter, Federal Student Aid provided attachments containing the 2019-2020 Award Year Federal Pell Grant Program Payment and Disbursement Schedules. Click here to read the full letter

The Department of Education's financial responsibility standards are intended to ensure that institutions participating in federal financial assistance programs are able to meet their financial obligations and comply with ED rules. Click here to read more. 

Federal Student Aid announced the availability of the revised Federal Perkins Loan (Perkins Loan) Assignment Form. Click here for full details

The new NCUA.gov features a mobile-first design that allows users to access and view the agency’s website on a variety of platforms, including smartphones, tablets, laptops and desktops. Read more

In this announcement, we provide specific information to assist a school with reconciling the William D. Ford Federal Direct Loan (Direct Loan) Program. Click here to read more. 

The Senate passed bipartisan legislation that would streamline applications for student aid and enrollment in income-driven loan repayment plans. Click here to read more. 

The Department of Education (the Department) has identified a large number of Perkins Loans reported by schools or third-party servicers on the National Student Loan Data System (NSLDS®) that are in error. Click here to read more

Federal Student Aid announced the availability of a Public Service Loan Forgiveness (PSLF) Help Tool. Read the announcement 

In the announcement, Financial Student Aid reminds schools of the general disbursement reporting, excess cash, and reconciliation requirements for all Title IV programs. Read the announcement 

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