Department of Education Calls on Colleges for Student Loan Default Aversion
The reverberations of the Department of Education’s recent “Dear Colleague Letter” (GEN-25-19) are being felt across higher education institutions nationwide – and for good reason. This isn’t just another administrative update; it’s a...
Protecting Higher Education Budgets
The growing challenges facing higher education present significant threats to college budgets. Proposed legislative changes and a looming default crisis threaten to strain institutional resources. To protect higher education budgets, colleges must prepare against...
Student Loan Defaults: What Colleges Need to Know Now
The changes within the Department of Education and Federal Student Aid raise concerns about the rising threat of student loan defaults. While the Q1 2025 data for student loan delinquency is pending, the Q4 2024 data showed delinquency rates that were three times...
IDR Applications Back Online After Court-Mandated Revision
Good news for student loan borrowers! The U.S. Department of Education’s Office of Federal Student Aid (FSA) has reopened the online income-driven repayment (IDR) plan and loan consolidation applications. This comes after a temporary pause necessitated by a recent...