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.
ED Adds New HEERF III Quarterly Reporting Requirement
ED updated its HEERF III FAQ on September 30 with additional directions that require action from higher education institutions as soon as October 10.