ED Proposes New Annual HEERF Reporting Requirements
A June 24 Department of Education information request proposes significant changes to annual HEERF reporting requirements for both student and institutional funds. Comments are due August 23, 2021.
NACUBO Weighs In on Proposed HEERF Annual Reporting Form
NACUBO and NASFAA have submitted a joint comment letter outlining several areas of concern with the Department of Education’s proposed form as well as suggestions for improvement, including reducing compliance burden for institutions where possible.
ED Shares Details on New Borrower Defense Policy
When considering approved borrower defense to repayment claims, the Department of Education will now apply a presumption of full relief as the starting point and will reduce the amount of relief offered, if warranted, by evidence provided by a school, a borrower, or other sources.