Bill Clarifying VA 85-15 Reporting Exemption Becomes Law
In an advocacy win for higher education, the legislative fix clarifies that institutions whose veterans make up 35 percent or less of the school’s total enrollment will not have to submit headcounts to the VA on a program-by-program basis.
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.