We learned recently that two federal loan servicers, FedLoan Servicing and Granite State Management & Resources, would not renew their contracts with the Department of Education (ED). FedLoan Servicing has been the administrator of the Public Service Loan Forgiveness (PSLF) … Read more »
Help Your Alumni Avoid Student Loan Scams
Scam artists of every ilk take advantage of the most vulnerable populations for financial gain and at this time in our history, student loan borrowers are particularly at risk. Student loan scammers have been around for ages, but with millions … Read more »
Transitioning Borrowers Back into Repayment
For more than a year, federal student loan payments have been ‘paused’ along with interest accrual and collection activity in response to the economic fallout from the COVID-19 pandemic. Unless new legislation is introduced, on October 1st of this … Read more »
Public Service Loan Forgiveness: Yesterday, Today and Tomorrow
Although it was created more than 10 years ago as part of the College Cost Reduction and Access Act of 2007, the Public Service Loan Forgiveness program is still a mystery to many college administrators. So, it is no … Read more »
Cohort Default Rates – What You Need to Know
On February 25th, 2019, the U.S. Department of Education released each institutionâs draft FY2016 Cohort Default Rate, which will become the official rate unless incorrect data is challenged through the incorrect data challenges (IDC) process. To summarize our January post… Read more »
CDR: To Challenge or Not to Challenge…
Next month, colleges will receive draft Cohort Default Rates (CDR) for FY2016 and will have the opportunity to challenge the data if there are inaccuracies. First let’s dive into what the CDR represents. The Department of Education calculates the … Read more »
Latest Congressional Updates on Public Student Loan Forgiveness
Student Loan Borrowers in PSLF – take notice
A few months ago, we wrote an article about the potential demise of the federal student loan benefit program called Public Student Loan Forgiveness (PSLF). We are here to share that … Read more »
Student Loan Discharge Process Receives Massive Overhaul
On December 20th, the Department of Education announced sweeping changes to the student loan discharge process known officially as “Borrower Defense to Repayment”. Here is a summary for college financial aid offices.
Department of Education Reforms Student Loan
… Read more »Twitter Recap – Sept. 26th, 2016 through Oct. 21st, 2016
We share industry news and stories on Twitter throughout the week at @HEAG_INC. Here is a recap of our most recent tweets, focusing on topics of Title IV financial aid and higher education.
9/26/16 – New study shows an … Read more »
Twitter Recap – April 25th, 2016 – April 29th, 2016
We share industry news and stories on Twitter throughout the week at @HEAG_INC. Here is a recap of last week’s tweets, focusing on topics of Title IV financial aid and higher education.
4/25/16 – Very important information for #… Read more »
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