federal student aid

Department of Education and Federal Student Aid Seeking Whistleblowers to Report Potential Violations by Institutions of Higher Education

By Andrew Carobus on November 23, 2022

Posted in Dept. of Education, Regulatory and Enforcement

Having stood up and promoted the whistleblower program at the CFPB, it appears that Richard Cordray may now be taking similar steps at Federal Student Aid (“FSA”). On November 10, the Department of Education (“ED”) and FSA issued a bulletin inviting whistleblowers to provide information about potential violations of the Higher Education Act (“HEA”) and its implementing regulations. … Continue Reading

CFPB highlights state of student loans in the pandemic on heels of coalition’s recommendations for transitioning federal student loans out of pandemic era servicing

By Heather S. Klein & John L. Culhane, Jr. on March 29, 2021

Posted in CFPB, Regulatory and Enforcement, Student Loans

The CFPB has created a student loan infographic to highlight the state of student loans in the pandemic. Among the statistics included in the infographic is that, based on Department of Education data current as of September 2020, 87% of federal student loan borrowers had their federal student loans in administrative forbearance.… Continue Reading

U.S. Department of Education Announces Student Loan Relief Due to COVID-19 Crisis

By Lori J. Sommerfield on March 20, 2020

Posted in COVID-19, Dept. of Education, Regulatory and Enforcement, Student Loans

Today, U.S. Secretary of Education Betsy DeVos announced that the office of Federal Student Aid is executing on President Trump’s promise to provide student loan relief during the COVID-19 pandemic through several initiatives: