CFPB, ED Look at Campus Banking Relationships Again
In a recent report and subsequent guidance, institutions were reminded that they have a responsibility to protect their students when it comes to financial products and must comply with reporting and disclosure requirements. NACUBO has several resources to assist institutions.
ED Releases New Set of Rules for Institutions Receiving Title IV Aid
The regulations address borrower defense to repayment, mandatory arbitration, interest capitalization on federal loans, closed school discharges, false certification discharges, Public Service Loan Forgiveness, and total and permanent disability discharge.
VA Delays Rollout of New Enrollment Certification System
The Department of Veterans Affairs has postponed the implementation of its new system to certify student veteran enrollment at colleges and universities until March 2023. This pause was an advocacy priority for NACUBO that will ensure a smooth certification period for the spring semester and allow more time for training.