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Biden-Harris Administration Amends Higher Education Act to Address College Closures and Withholding Transcripts

Troutman Sanders

On October 24, the Biden-Harris administration announced amendments to the regulations implementing title IV of the Higher Education Act of 1965 (HEA). Administrative Capability. The amendments also include several discretionary triggers that could result in a requirement to provide financial protection.

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Education Department announces revamp of its student loan program

Collection Industry News

More than 35 million borrowers with federally managed student loans are counting on us to help them achieve their life goals through higher education.”. The post Education Department announces revamp of its student loan program appeared first on Collection Industry News. What borrowers can expect.

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University Credit Union and UC San Diego Announce Partnership In Support of California Higher Education

Collection Industry News

The partnership will seek further success within the California higher education sector by directly supporting students, employees, alumni and retirees of UC San Diego through community-oriented financial services and access to the full-range of benefits provided to all members of UCU. “The LOS ANGELES, Sept.

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Department Of Education Moves To Make Owners, Investors, And Controlling Parties Responsible For College And University Liabilities

Collection Industry News

Department of Education (“Department”) announced a significant new policy that, in some cases, will require owners, investors, and controlling parties of private colleges and universities to guarantee the regulatory liabilities of the school. Source- site. On March 23, 2022, the U.S. during the pandemic, or may soon fall below 1.5

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Professional Life of a Debt Collector

Nexa Collect

They must work with debtors to establish payment plans or settlements that are reasonable and within the debtor’s capability. Many debt collectors participate in ongoing training and education programs. Negotiation : One of the core skills for a debt collector is the ability to negotiate.

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California Publishes Notice of Second Modifications to Proposed Rulemaking Regulating Student Loan Servicing

Troutman Sanders

The proposed rules clarify that all education financing products, including income share agreements (ISAs) and installment contracts, are student loans, and servicers of all such products are covered by the Student Loan Servicing Act and must be licensed. The deadline to submit comments to the second modified rules is March 23, 2023.

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Survey: Do Customers Think Banks Are Fair to Scam Victims?

Fico Collections

Our recent survey revealed that customers already have high expectations and think their banks could do more, including implement better technology, provide more education, and shoulder more responsibility for a scam payment. Are Banks Fair with Victims of Scams? How Do Customers Want Banks to Combat the Global Wave of Scams?

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