Income Share Agreements are Private Education Loans, ED Announces
The clarification carries new requirements for higher education institutions and loan originators to ensure students receive accurate information and transparent processes.
VA Updates 85/15 Reporting Requirements
As the result of advocacy efforts by NACUBO and several other higher education associations, the Department of Veterans Affairs recently announced an extension for institutions to report their enrollment headcounts. The agency also updated the process for institutions to submit the information, eliminating manual data entry.
ED Extends Deadline for Mandatory Defaulted Perkins Assignments
Schools with Perkins Loans that have been in default for over two years will now have until June 30, 2023, to either assign the loans to the Department of Education or purchase the loans.