Category: Education

July 6, 2022

Students whose colleges misled them would have an easier time seeking loan forgiveness from the federal government under a series of regulatory proposals the U.S. Department of Education released Wednesday. One long-awaited rule would apply to the borrower defense to […]

June 23, 2022

The settlement agreement could bring to a close a yearslong legal dispute over hundreds of thousands of borrower defense claims. The list of institutions whose borrower defense claimants will receive automatic relief is wide-ranging — it includes currently operating colleges, […]

June 21, 2022

Americans owe a whopping $1.75 trillion in student loan debt. With this in mind, it’s undeniable that something has gone off the rails in our attempts to make higher education more affordable. But wait, it’s even more complicated. The high […]

June 14, 2022

State funding for higher education increasing during the pandemic defies trends observed during past periods of economic turmoil. But enrollment at public institutions has also tended to increase after recessions, making the short recession of 2020 at the beginning of […]

June 7, 2022

S&P had given the nonprofit higher ed sector negative outlooks for four straight years before raising its view to stable in 2022, in part because of federal relief funding. Three federal coronavirus relief bills provided higher ed with a total […]

May 24, 2022

Higher education has not been immune to what’s being dubbed the Great Resignation. It describes a mass exodus of workers from many industries amid the pandemic, although it is somewhat of a misnomer, as in many cases employees are jumping […]

May 24, 2022

The lawsuit is at least the second complaint filed against the Ed Department in recent months seeking to resolve outstanding group borrower defense claims. The borrower defense rule allows students whose institutions defrauded them to have their federal student loans […]

May 17, 2022

A few weeks before the Guild announcement, Lowe’s committed $9 million towards education of historically marginalized students to provide pathways to employment at Lowe’s. The construction vendor allocated the funds to the Charlotte Talent Initiative at Queens University’s business school, […]

May 5, 2022

The regulatory environment for higher education has been growing stricter under President Joe Biden’s administration, with many changes at the federal level putting pressure on for-profit institutions. Earlier this year, the U.S. Department of Education unveiled a policy making private […]

May 4, 2022

Whitman’s move follows steps by other wealthy institutions to bolster financial aid for certain students, often those from low-income backgrounds. Williams College, one of the U.S.’s top-ranked liberal arts schools, last month said it will eliminate loans and work requirements […]

April 27, 2022

Colleges across the country seek to reenroll stopped-out students, often to try to meet expected workforce demands and state goals for the number of residents with postsecondary credentials. Before the coronavirus pandemic, college leaders also hoped bringing back stopped-out students […]

April 25, 2022

The price of Brent crude, the international benchmark, was down by $6 or 5.5% by Monday evening, hovering just above $100 a barrel. US crude was down by a similar margin and also building on losses of last week as […]

April 20, 2022

The report from the GAO, an auditing agency for Congress, comes at a time of intense scrutiny of Income-Driven Repayment, or IDR, plans. The plans are intended to lower monthly payments for many federal student borrowers by basing them on […]

April 13, 2022

Bond ratings agencies’ periodic reports can offer insight and perspective on the higher ed market’s financial performance and underlying characteristics. Moody’s rates institutions that tend to be stronger financially than the U.S. higher ed sector as a whole, but it […]

April 6, 2022

The proposal comes after news broke last year that the 1.8 million-student California Community Colleges system received some 65,000 fraudulent student financial aid applications. The applications prompted the U.S. Department of Education to launch an investigation, and at least six […]

March 28, 2022

President Joe Biden on Monday proposed $88.3 billion in discretionary spending for the U.S. Department of Education in the 2023 fiscal year as part of a broader budget plan moving toward more centrist politics in a midterm election year. In […]

March 23, 2022

In order to unlock federal aid, colleges sign a program participation agreement with the government pledging to follow the Higher Education Act and maintain their financial health. Typically, a chief executive or other designated college official gives their signature on […]

March 14, 2022

Regional colleges are roughly defined as public four-year institutions without a state flagship or research designation. Some higher education experts say they have been overlooked in policy discussions, as they are not as prominent and enroll fewer students than their […]

March 8, 2022

A California court last week fined Zovio, the former parent company of a large for-profit college, $22.4 million in civil penalties for misleading students, including about the cost and career outcomes of the institution’s programs. The case centered on actions […]

February 16, 2022

Interest in colleges’ return on investment runs high because it is a key selling point for higher ed in an era of high tuition prices, substantial tuition discounts and concerns about student debt. Georgetown CEW has been working to explore […]